$1,050,000
$1,095,000
4.1%For more information regarding the value of a property, please contact us for a free consultation.
10,023 Sqft Lot
SOLD DATE : 01/02/2026
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB25233743
Sold Date 01/02/26
HOA Y/N No
Year Built 1919
Lot Size 10,023 Sqft
Property Sub-Type Quadruplex
Property Description
Huge 4 unit property 2 blocks outside of Downtown San Pedro on 10,000 square feet of buildable land and a 26% upside to rents. Four 3 bed units, 1 with 2 baths and 3 with 1 bath averaging 1100 square feet each. Existing building is situated on one side of a huge flat 10,000 square foot corner lot with access on three sides from streets and alley. Potential for sizable new construction ADUs on this lot in addition to the existing structure. Very well priced at only $249/sq ft and 12.6X GRM on actual rents with a 26% upside to a market GRM of 10 and cap rate of 5.7% before any ADUs. One unit recently renovated and re-leased at $2350 in 2025. Separately metered for electricity and gas. Tons of space for parking
Only 2 blocks from the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. 2 blocks from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail
Only a few blocks from Cabrillo Marina and Cabrillo Beach.
Location
State CA
County Los Angeles
Area 185 - Plaza
Interior
Fireplace No
Laundry None
Exterior
Parking Features Gravel
Pool None
Community Features Suburban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Total Parking Spaces 10
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7455009001
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Daniel Shon Daniel Shon
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5255 Highway 49 North Suite B, Mariposas, CA, 95338, USA