4081 Bluff Pl
San Pedro, CA 90731
Anchor Point · Multifamily Property For Sale · 36 Units

This San Pedro Landmark offers the only Ocean Front Apartment Complex in San Pedro, and is situated on 27,167 Sq. Ft. of Land! With its three story modern architecture, this 36 unit Community provides tenants with 360 degree Ocean Views that face Catalina, the city lights of Long Beach, the San Bernardino Mountains, and the passing cruise ships. Recently the property has undergone a massive interior renovation project, which included, but was not limited to the following improvements; new 2017 ABS Sewers and a brand new Plumbing System, two new Master Boilers with Circulation Pumps, Forced Air Heating and Vinyl Windows throughout. Additionally, all units have been upgraded with Granite, Modern Backsplashes, Cabinetry, Flooring, Tile, Stainless Steel Appliances, and Scraped Ceilings. Currently, the property intentionally has 19 vacant units which are highly upgraded, and ready to be rented at the market rates. Since San Pedro is a rent controlled city, this is a very rare opportunity to obtain above an above market return, for a World Class / Trophy Property. Consider this a Once-in-a-Lifetime Value Add Play, without the need for costly capital improvements to add the value. The only unobstructed Ocean Front Apartment Complex in San Pedro, tenants enjoy 360 degree panoramic views of Catalina, and the city lights of downtown long beach. Situated in a quiet residential neighborhood, it is just a short walk to the beach, the Marina, and Point Fermin's ocean front park. San Pedro is undergoing massive changes with new developments such as the ALTA Sea Research Center 3,000+ jobs, and the New Ports-O Call Village with are both a short walk away.