Immaculate 11-Unit Single Room Occupancy asset located in the heart of San Pedro at 904 S Centre St. Offered at only $1.045M, new buyers can take advantage of this Value-Add property offering strong current income, as well as fantastic pro-forma numbers. The property is currently operating at 5.09% CAP, with room to grow the CAP to 7.64%. Over 20% available in monthly rental income! 904 S Centre St features a unit mix of (11) Single Room Occupancy units, offered at only $95k/Unit. These units have been upgraded including its floors, paint, countertops and appliances. There is also a laundry room on site for all tenants. The subject property is located just steps from Downtown San Pedro, an area with an ample amount of quality restaurants, shops and nightlife. There are Millions of $ worth of new developments in close proximity to the property such as the San Pedro Waterfront Promenade, as well as brand new apartment buildings, condos and retail shops. Brand new condo complex just a block away are selling an average of $850k each!