2016 W Paseo Del Mar

13

The South Shores Manor is a 19-unit legacy asset situated in the exclusive South Shores neighborhood of San Pedro. The property is located at the intersection of Western Ave and Paseo del Mar and overlooks the Pacific Ocean from the cliffs above. Residents are attracted by the gated pool with community patio, private balconies, ocean views, and cool ocean breeze. San Pedro offers the most affordable beachfront properties in LA County and South Shores Manor is only one of five multifamily properties in the South Shores neighborhood. The demand for affordable beach front rentals far exceeds the limited supply. San Pedro has seen an uptick in renters seeking luxury accommodations with the over $1 billion cash infusion being invested in the LA Waterfront. The South Shores Manor is a prime candidate for continued value-add renovations to capitalize on the increasing demand for premium finishes in the rental market.
2016 W Paseo Del Mar, San Pedro, CA 90732 | Residential Income | Active Under Contract | 11896 SF | 16640 SF Lot | Built 1959 | 2 Stories | MLS# 22198705

Offered at $6,000,000

Features

Parking Spaces: 13 | Pool: No | Heating : Wall Furnace

Agoura Hills

4149 Liberty Canyon Road
Agoura Hills, CA 91301
Info@addressrealestate.com
818.661..4661

Based on information from California Regional Multiple Listing Service, Inc. as of September 28, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by
Steffan Braunlich, Berkadia, Source: Local MLS