ASSET Fourplex apartment in San Pedro. The property was built in 1978 and is thus not subject to Los Angeles city rent control*. The asset contains an outstanding unit mix of (one) 3-bedroom/2-bathroom unit, (two) 2-bedroom/1-bathroom units and (one) 1-bedroom/1-bathroom unit. Each unit has washer/dryer hook-ups. Furthermore, some of the units have private balconies and there are a total of 8 parking spaces (tandem). The property is a residential asset which presents a desirable owner-user opportunity. LOCATION 559 W. 21st Street is located in a desirable pocket of San Pedro, just a few blocks from Cabrillo Marina, L.A. Waterfront, San Pedro Plaza Park, and the upcoming West Harbor development and San Pedro Promenade which will include restaurants, shopping, markets, office space, public open space, a waterfront pedestrian promenade, and a 6,200-seat amphitheater for live entertainment. The property is also located less than 1.5 miles from the World Cruise Center, Battleship USS Iowa Museum, the Los Angeles Maritime Museum, and the Port of Los Angeles which is a major employment center for L.A. County and has been ranked as the number 1 container port in the Western Hemisphere for 24 consecutive years. FINANCIALS This 4,339-SF asset contains stable-in place rents as well as legitimate rental upside. The property has a current cap rate of 4.63% and a current GRM of 13.63. The asset also presents rental upside with a pro-forma cap rate of 6.25% and pro-form GRM of 11.10. Furthermore, the property qualifies for attractive residential financing. *Buyer is encouraged to independently verify the accuracy of any information through inspection(s), research, checking with the city, due diligence, and professionals. Broker and Agent do not guarantee the accuracy of any information concerning the size, rent control, condition, financials, or features of said property. Buyer to conduct their own due diligence and investigation of the property. Please do not disturb tenants.