349 W Amar Street, San Pedro (los Angeles), CA 90731

• 3,237 sqft

Property Description

This exceptional investment opportunity features two adjacent fourplexes in the heart of San Pedro, California, each with its own Assessor's Parcel Number, comprising a total of eight single-story one-bedroom, one-bathroom units on a spacious 8,100 square-foot combined lot. Currently delivering strong financial performance with a 6.05% cap rate and 11.25 gross rent multiplier, the property offers significant upside potential, projecting an 8.37% pro-forma cap rate and 8.87 pro-forma GRM through targeted rent increases and enhancements. Its prime location, less than one mile from the iconic Los Angeles Waterfront, the transformative West Harbor development, the picturesque San Pedro Promenade, and the upcoming 6,200-seat waterfront amphitheater, positions it for substantial appreciation amid ongoing revitalization. Fully gated for security and equipped with eight dedicated parking spaces, the asset is conveniently situated just a half-mile from key employment and tourism drivers, including the World Cruise Center, Battleship USS Iowa Museum, Los Angeles Maritime Museum, and the bustling Port of Los Angeles. The expansive lot further unlocks future value through opportunities to add Accessory Dwelling Units (ADUs) or pursue redevelopment, making this a versatile and high-potential

Listing Status:

Active

Date Added:

October 7, 2025 at 05:00AM

Listing Office:

Shield CRE, Inc. : 310-593-9869

Listing Agent:

Gianluca Jacoli : 310-593-9861

MLS ID:

CL25602903

Exterior

• Parking: OtherUncovered Parking Space

Location

• County: Los Angeles

Lot

• Zoning: LAR27449003034

This listing courtesy of Gianluca Jacoli, Shield CRE, Inc.