San Pedro Homes with Apartment Subtype

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Newest San Pedro Homes with Apartment Subtype

$1,699,000

SB26192450 MLS ⋅ Active Status

Location truly sets this exceptionally well-maintained five-unit property apart. Positioned on a beautifully landscaped corner lot just one short block from the ocean bluffs in San Pedro’s highly desirable Palisades neighborhood, the building offers a rare opportunity to own an income property in a premier coastal setting. Several units feature ocean views, while all residents enjoy refreshing afternoon breezes and the year-round coastal climate. The property includes a spacious ground-floor owner’s unit featuring two bedrooms, two bathrooms, a fireplace and peeks of the ocean. For an owner-occupant buyer, the seller will consider providing a credit at the close of escrow to help offset applicable tenant relocation costs. Major improvements completed in 2020 include a new roof, upgraded electrical panels, fresh exterior paint and refreshed landscaping. Parking includes four garage spaces plus off-street parking for two additional vehicles. With no residential units above the garages and a flat-roof configuration, the property may also offer potential to construct one or more ADUs above the garage area, creating an opportunity for additional income and long-term value (buyer to independently investigate and verify all development possibilities with the appropriate agencies). A community laundry room with coin-operated machines serves the residents. Remarkably, this five-unit coastal property is offered at a price below what some single-family homes are selling for in the surrounding area—an exceptional value for investors and owner-users alike. Located near bluff-top parks, coastal walking trails and nature preserves, this is an outstanding opportunity to acquire a legacy property in a setting that would command a substantial premium in many neighboring beach communities. Drive by and explore the neighborhood to fully appreciate just how special this coastal location is.

3644 Almeria Street, San Pedro

$1,299,000

SB26151706 MLS ⋅ Active Status

Four deluxe units with large three bedroom two bath owner unit in prime location Near Western Ave., Park Plaza shopping center on the border of Rancho Palos Verdes. Long time owners with upside in the rents low maintenance building with concrete front and yards. Good tenants. priced for immediate sale. Ideal for owner occupant.

1222 N Park Western, San Pedro

$2,700,000

MB26138364 MLS ⋅ Active Status

" Six Units " Great opportunity to own this beautiful Spanish style Multiunit property featuring 6- Units! Located in the city of San Pedro with Amazing Ocean views near the Marina. Super clean units Built in 1993. Very Large and spacious 5,688 square feet of living space. The building features: "Four 2-bedroom and 2- baths units" and "Two 1-bedroom and 1- bath units" All of the units have amazing Ocean views" all unit include electric chimney's and are very spacious. 5 Units are rented and 1 unit can be delivered for Owner user or additional income. This property includes underground parking large enough for 10- cars. There are not many units on the market that are built in 1993, very well kept Investment.

1606 S Palos Verdes, San Pedro

$2,299,000

PV26110412 MLS ⋅ Active Status

Not subject to LA rent control! Positioned in the heart of San Pedro, this well-located 8-unit multifamily investment opportunity offers an ideal blend of stable income potential and long-term upside in one of the South Bay’s fastest-evolving coastal communities. The property features a desirable unit mix of four (4) two-bedroom units and four (4) one-bedroom units, along with community laundry for added tenant convenience. Not subject to LA Rent Control, this asset presents investors with future rental growth potential. Just five blocks from the waterfront and only minutes from the highly anticipated West Harbor redevelopment, this property is situated in the center of major growth and transformation. The $150+ million waterfront project is expected to bring a vibrant mix of dining, shopping, entertainment, fresh markets, and public gathering spaces to the area, further enhancing San Pedro’s appeal and long-term investment outlook. Residents enjoy convenient access to many of San Pedro’s most sought-after attractions, including Cabrillo Beach, the marina, waterfront dining, scenic coastal trails, and local parks. Commuters benefit from easy access to the 110 Freeway, providing direct connectivity to Downtown Los Angeles, Long Beach, and surrounding employment hubs. With its prime location, strong unit mix, and proximity to San Pedro’s ongoing waterfront revitalization, this is a compelling opportunity for investors seeking both current cash flow and future appreciation potential.

579 W 14th, San Pedro

$3,350,000

PV26103217 MLS ⋅ Active Status

No LA rent control! Positioned in a prime San Pedro location, this 13-unit multifamily investment opportunity offers strong income potential with an attractive unit mix of nine (9) one-bedroom units and four (4) two-bedroom units. The property features community laundry facility, seventeen (17) on-site parking spaces. One unit is currently vacant, presenting immediate upside potential for an owner-user or the opportunity to achieve market rental rates. Ideally situated near the rapidly evolving San Pedro waterfront, the property benefits from close proximity to the highly anticipated West Harbor redevelopment — an over $150 million, 42-acre waterfront destination planned to include restaurants, shopping, fresh markets, office space, a scenic promenade, and an open-air amphitheater for live entertainment. This transformative development is expected to continue driving demand and long-term growth throughout the area, making this an exceptional opportunity for investors seeking both current cash flow and future appreciation potential.

635 W 15th Street, San Pedro

$1,450,000

PW26089556 MLS ⋅ Active Status

570 W. 8th Street, an 8-unit apartment community located in San Pedro, California. Built in 1984, the property offers a rare combination of below-market cost basis, two immediate vacancy opportunities, and a well-documented rent correction story that positions the next owner to capture over 70,000 in additional annual gross income as the rent roll normalizes to market. The Rent Correction Path: Immediate, Actionable, and Contractually Supported For occupied units, the path to market rents is two fold. First, the property is governed by California's AB 1482 Tenant Protection Act not the City of Los Angeles Rent Stabilization Ordinance, which applies only to buildings constructed on or before October 1, 1978. Under AB 1482, the current allowable annual increase is the lesser of 10% or 5% plus regional CPI, enabling meaningful and immediate progress toward market on existing tenancies. Second, and more significantly, vacancy decontrol is fully preserved under AB 1482 every unit that turns can be re-leased at full market rate with no ceiling.

570 W 8th, San Pedro

$1,450,000

SB26055930 MLS ⋅ Active Status

Excellent rental location within walking distance to Cabrillo Marina, near Cabrillo Beach and close to historic Fort MacArthur. The property features a front house with 3 bedrooms and 1 bathroom. The rear building includes two 2-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit. There are three parking garages in the back with access from the rear alley, plus additional parking for two cars next to the front house.

2217 Barbour Court, San Pedro

$1,695,000

SB26029816 MLS ⋅ Active Status

High yield 10 unit property one block from Downtown San Pedro for only $169K/door. 8.5X GRM on actual rents with an in-place cap rate of 6%, plus upside to a market cap rate of 7.1%. 8 out of 10 units remodeled in the last 5 years plus brand new separate electrical meters, main panel, and wiring at a cost of over $100K. RUBS income already in-place for a super low expense building. 4 detached income generating garages at the rear of the property present ADU potential. Only 1 block from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few 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. Minutes away from Cabrillo Marina and Cabrillo Beach, Palos Verdes, and the Port of LA. Walk Score 93/100.

626 W 7th, San Pedro

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.