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$3,150,000
Est. payment /mo
9,295 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25118090
HOA Y/N No
Year Built 1948
Lot Size 9,295 Sqft
Property Sub-Type Apartment
Property Description
Located in an elevated section of San Pedro, this multifamily asset enjoys sweeping views of the surrounding area and proximity to major redevelopment initiatives. The property benefits from strong fundamentals and is positioned to capitalize on public and private investments in the area.
The property consists of 10 residential units with a well-balanced mix of 1-bedroom, 2-bedroom, and 3-bedroom layouts, catering to a broad tenant demographic. The unit mix offers both affordability and spacious living options, supporting tenant retention and rental upside potential.
The property features 10 private garages and 2 open parking spaces, offering ample off-street parking—an attractive amenity in the San Pedro market. Tenants benefit from an on-site coin-operated laundry facility, which also provides supplemental income. Recent capital improvements include a new roof installed in 2024, reducing future maintenance costs, and upgraded stair railings that enhance both safety and curb appeal. These enhancements reflect strong ongoing maintenance and add long-term value to the asset.
Proximity to LA Waterfront Revitalization: Situated near the government-backed San Pedro Harbor Redevelopment, including future mixed-use retail, parks, promenade, and tourism-focused infrastructure.
Coastal Views & Elevated Topography: Select units may feature harbor views. Higher elevation provides enhanced drainage and long-term structural resilience.
Transit & Accessibility: Easy access to freeways, public transportation, and the Vincent Thomas Bridge ensures strong connectivity to Long Beach, South Bay, and Downtown LA.
The property consists of 10 residential units with a well-balanced mix of 1-bedroom, 2-bedroom, and 3-bedroom layouts, catering to a broad tenant demographic. The unit mix offers both affordability and spacious living options, supporting tenant retention and rental upside potential.
The property features 10 private garages and 2 open parking spaces, offering ample off-street parking—an attractive amenity in the San Pedro market. Tenants benefit from an on-site coin-operated laundry facility, which also provides supplemental income. Recent capital improvements include a new roof installed in 2024, reducing future maintenance costs, and upgraded stair railings that enhance both safety and curb appeal. These enhancements reflect strong ongoing maintenance and add long-term value to the asset.
Proximity to LA Waterfront Revitalization: Situated near the government-backed San Pedro Harbor Redevelopment, including future mixed-use retail, parks, promenade, and tourism-focused infrastructure.
Coastal Views & Elevated Topography: Select units may feature harbor views. Higher elevation provides enhanced drainage and long-term structural resilience.
Transit & Accessibility: Easy access to freeways, public transportation, and the Vincent Thomas Bridge ensures strong connectivity to Long Beach, South Bay, and Downtown LA.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LARD2
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 10.0
Garage Description 10.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 10
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Unknown
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7463013028
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Listed by Christine Li • Real Broker
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