A unique, plus one opportunity for a savvy Buyer. This 9 unit property was, in the past, operated as a 10 unit. It currently has a Studio-unit-type space that could be converted to a Additional Dwelling Unit (aka ADU), most likely. Buyer to verify. This nice, 9,000 square foot corner lot location is walking distance to the $150MM, San Pedro Waterfront Redevelopment anchored by Gladstones. 150K square feet of retail and dining, 30K of office, and 89K square feet of existing wharf and floating dock space. The property has been upgraded, as needed, as units have turned over...new windows and refurbished interiors. An almost 4.5% cap opportunity day one and then 6.3% on market rents AND THEN CLOSE TO A 7% CAP PROFORMA WITH THE ADDITION OF POTENTIAL ADU INCOME.