REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Gustavo Arias, DRE #01889399 • First Team Real Estate
$ 998,900
Est. payment | /mo
5,001 Sqft Lot
$ 998,900
Est. payment | /mo
5,001 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26132952
Year Built 1905
Lot Size 5,001 Sqft
Source California Regional MLS
Property Description
The fundamentals never change. This well-maintained 5-unit apartment building sits in one of San Pedro's fastest-changing corridors, offering investors immediate stability plus real upside. Each of the five units is a private 1-bed/1-bath apartment with its own separate utility meter, keeping management straightforward and turnover simple. A garage on-site adds extra income, currently rented out as storage. The numbers: 5.50% cap rate in place today, with a pro-forma cap rate of 7.42% as below-market units turn over - a path fully supported by California's Costa-Hawkins vacancy decontrol provisions. Location is what sets this property apart. It's minutes from Long Beach's booming Space & Defense corridor, and walking distance to the San Pedro waterfront revitalization, the LA Cruise Hub, and the new West Harbor development. Add the 2028 LA Olympics to the horizon, and this pocket of San Pedro is set up for years of sustained growth. This is a rare opportunity to own five units in a location with this much momentum behind it - and now, at a new price. Bring your investment strategy; the fundamentals are already here
Location
State CA
County Los Angeles
Area 193 - San Pedro - North
Rooms
Kitchen Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry None
Exterior
Parking Features No Parking
Garage Spaces 1.0
Pool 31, None
View None
Roof Type Rolled Composition
Building
Foundation Raised
Water District - Public
Others
Tax ID 7454005010
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.
Nearby Locations
GET MORE INFORMATION
Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com