$1,900,000
$1,900,000
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9,003 Sqft Lot
SOLD DATE : 09/12/2025
Key Details
Sold Price $1,900,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25125861
Sold Date 09/12/25
HOA Y/N No
Year Built 1921
Lot Size 9,003 Sqft
Property Sub-Type Apartment
Property Description
An opportunity to acquire an 11-unit building on a large corner lot. Originally 10 units, the property includes an Accessory Dwelling Unit (ADU), enhancing both income and value. The grounds have secured gates for privacy, and most units have received interior upgrades. Significant upside in rental income, attractive Gross Rent Multiplier (GRM) and Cap rate. This is an exceptional investment opportunity in the heart of San Pedro, just moments from schools, shops, restaurants, and freeway access. Also nearby is the waterfront promenade and 42-acre West Harbor project featuring waterfront dining, retail and fresh markets, waterside recreation and outdoor amphitheater. A great investment in a growing coastal community.
Location
State CA
County Los Angeles
Area 185 - Plaza
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Pool None
Community Features Curbs, Sidewalks
View Y/N No
View None
Private Pool No
Building
Lot Description 11-15 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7454025010
Energy Description 2734.0
Acceptable Financing Submit
Listing Terms Submit
Financing Conventional
Special Listing Condition Standard
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