2316 S Alma, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
Loading property details...
San Pedro, California 90731
This Residential Income property is a High-Potential Investment Opportunity, listed at $1,399,000—positioned slightly above the $1,391,161 Fair Market Value. Featuring a Mint Condition Rating, this turnkey asset includes a 3-unit configuration with a brand-new ADU, paid-off solar, and remodeled interiors. Its proximity to San Pedro Senior High and local amenities ensures strong rental demand. This property offers rare flexibility for Buy-and-Hold Investors or Owner-Occupants looking to offset mortgage costs through immediate, diversified rental income in a prime San Pedro location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2316 S Alma Subject | $1,399,000* List Price | 0 | 0 | 2,646 | $526 | - |
A 939 941 W 17th Sold | $1,075,000 | 0 | 0 | 2,804 | $383 | 0.4 mi |
B 939 941 W 17th Sold | $1,075,000 | 6 | 4 | 2,804 | $383 | 0.4 mi |
C 1331 S Patton Sold | $1,188,000 | 0 | 0 | 2,357 | $504 | 0.7 mi |
D 726 W 37th Street Sold | $1,700,000 | 5 | 5 | 3,070 | $554 | 0.9 mi |
E 726 West 37th Street 726-728 Sold | $1,700,000 | 0 | 0 | 3,070 | $554 | 0.9 mi |
F 1054 W 23rd Street Active | $1,399,000 List Price | 0 | 0 | 2,797 | $500 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1928, the property has undergone a comprehensive recent renovation with remodeled kitchens and bathrooms featuring modern shaker cabinets and stainless steel appliances. The addition of a brand-new ADU, paid-off solar, and updated systems like mini-split HVAC and tankless water heaters meets the criteria for mint condition with no immediate maintenance required.
The property features three distinct units, including a brand-new ADU and a 3-bedroom unit delivered vacant, offering exceptional flexibility for owner-occupants or investors to maximize rental income immediately.
Significant value is added through fully paid-off solar panels for the main unit and a brand-new ADU equipped with a mini-split system and tankless water heater, reducing long-term carrying costs.
With recently remodeled kitchens and bathrooms in the front duplex and a newly constructed ADU, the property is move-in ready, minimizing the need for immediate capital expenditures.
At 4,501 square feet, the lot is relatively compact for three units, which may result in limited private outdoor space and high density for the residents.
Despite modern cosmetic updates, the original 1928 construction may present typical challenges associated with older homes, such as aging underlying systems that require ongoing maintenance.
Welcome to 2316 S Alma Street, a standout income property offering three total units across 2,646 square feet in one of San Pedro's most welcoming neighborhoods. This is a rare chance to acquire a turnkey multi-unit property with built-in flexibility — move in, rent out, or do both. The front duplex features a spacious 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit, both recently updated with remodeled kitchens and bathrooms for a fresh, move-in-ready feel. The 3-bedroom unit will be delivered vacant at close of escrow — perfect for an owner-occupant or a buyer looking to set rents at market from day one — and is covered by fully paid-off solar for meaningful utility savings. The 2-bedroom unit is currently occupied, providing immediate, established rental income. Rounding out the property is a beautiful, brand new 370 square foot 1-bedroom, 1-bath ADU - thoughtfully finished with a mini-split heating and air system and a tankless water heater. This unit will also be delivered vacant at close of escrow — offering true flexibility for a buyer to move in, host family, or lease up for additional income. Ideally located near Averill Park and just minutes from neighborhood favorites like Busy Bee, Colossus Bakery, and Choriman, this property sits in a pocket of San Pedro that continues to attract buyers and investors alike. Whether you're looking to owner-occupy while offsetting your mortgage, or add a fully renovated, income-diversified asset to your portfolio, 2316 S. Alma St delivers rare flexibility and brand-new construction rarely found at this price point. Schedule your showing today!
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.7 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 1.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,646 | 1,676 |
| Lot Size | 4,501 | 5,101 |
| Price | $1.40M | $998.9K |
| Price per sq ft | $529 | $457 |
| Built year | 1928 | 1923 |
| HOA | $0 | $0 |
| Days on market | 7 | 108 |
Jul 15, 2026
$1,399,000
Initial Listing
Feb 1, 2021
$845,000
Public Record
Jul 20, 1999
$166,000
Public Record