Homes for sale - 573 W 13th ST, San Pedro, CA 90731

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Kelly Salonen

kellysalonenrealtor@gmail.com +1(209) 769-6273

$ 1,400,000

Est. payment | -/mo

8 Beds

4 Baths

3,614 SqFt

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$ 1,400,000

Est. payment | -/mo

Save Video Tour

8 Beds

4 Baths

3,614 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,614 sqft

Price per Sqft $387

MLS Listing ID 25537405

Bedrooms 8

HOA Y/N No

Year Built 1917

Lot Size 6,751 Sqft

Property Description

573 W 13th St presents a rare opportunity to acquire a fully vacant fourplex in the heart of San Pedro. With four spacious 2-bedroom, 1-bathroom units totaling 3,614 rentable square feet on a 6,749 SF lot, this property offers exceptional flexibility for investors, owner-users, or multi-generational families. Originally constructed in 1917, the building showcases timeless architectural charm while benefiting from significant capital improvements including updated plumbing, electrical, and roofing. These upgrades mitigate the typical concerns associated with older buildings, providing the charm of early Los Angeles architecture with the functionality of modern systems. Interiors maintain a cohesive blend of classic detail and smart layout, ideal for tenants or personal occupancy. Delivered completely vacant, the property allows immediate lease-up at market rates or through the Section 8 program, where comparable units in the area command up to $2,800/month. With projected monthly income between $10,000-$11,200 using Section 8 rents, this asset offers a compelling stabilized return in a supply-constrained rental market. Additionally, the expansive backyard provides potential for the addition of an ADU, offering a path for further value-add. Each unit holds a utility room complete with washer/dryer hookups. Recent updates include new paint throughout the entire property, drought-resistant landscaping, a tankless water heater, and a newer roof. The property also features four large storage units in the backyard that could be leased out for additional income. While there is no off-street parking, the property's walkability, access to public transit, and tenant profile in this submarket have historically made parking a minimal barrier to leasing velocity or tenant satisfaction. Whether you are looking to stabilize a high-yield income property or create a unique residential compound in a growing submarket, 573 W 13th St is a strategic acquisition with upside, character, and strong fundamentals.

Location

State CA

County Los Angeles

Area 185 - Plaza

Zoning LARD1.5

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Fireplaces Type Bath, Decorative, Dining Room, Kitchen, Living Room

Fireplace Yes

Laundry Stacked

Exterior

Parking Features Off Site, On Street

Building

Lot Description Back Yard, Front Yard

Story 2

Entry Level Two

Architectural Style Colonial

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7454026003

Special Listing Condition Standard

Listed by John McCann • Lyon Stahl Investment Real Estate, Inc.

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Kelly Salonen

REALTOR® | Lic# 02063555

kellysalonenrealtor@gmail.com

+1(209) 769-6273

5255 Highway 49 North Suite B, Mariposas, CA, 95338, USA

573 W 13th ST San Pedro, CA 90731

Kelly Salonen

Key Details

Location

Interior

Exterior

Building

Others

573 W 13th ST