238 W 10th, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
This Renovated 20-Room SRO Hotel represents a High-Potential Investment Opportunity listed at $2,199,999, which aligns with its $2,184,752 Fair Market Value. Following a recent $200,000 price reduction, the property boasts a turnkey Condition Rating of 2 with extensive 2023 upgrades to the new roof, electrical, and PEX plumbing. Located blocks from the $150M West Harbor redevelopment, the asset is positioned for significant appreciation near Palos Verdes Peninsula High School. This acquisition is ideal for Buy-and-Hold Investors or Supportive Housing Providers seeking a high-yield coastal asset.
Property is new construction or fully renovated.
Although originally built in 1923, the property underwent extensive renovations within the last two years (2023), including a new roof, new electrical systems, and updated PEX and copper plumbing. Interior images reveal a complete turnkey condition with modern vinyl plank flooring, fresh paint, updated light fixtures, and renovated communal restrooms, meeting the criteria for a property extensively renovated within 5 years.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property is situated just blocks from the $150M+ West Harbor waterfront redevelopment, positioning it to benefit from significant local appreciation and the transformation of San Pedro into a premier coastal destination.
Recent upgrades including a new roof (2023), new electrical system, PEX and copper plumbing, and a new rear staircase provide a turnkey investment with reduced immediate CapEx requirements.
The SRO configuration with communal restrooms may limit the tenant pool and rental upside compared to traditional apartment units with private baths.
Despite recent renovations, the 1923 construction date implies potential long-term maintenance challenges inherent in century-old structures that may not be fully addressed by cosmetic or system upgrades.
$200,000 Price Reduction – Now $2,199,999 THE ROYAL HOTEL | San Pedro, CA 20 rooms | $110K/Door Rare opportunity to acquire a renovated 20-room SRO hotel just blocks from the $150M+ West Harbor waterfront redevelopment transforming San Pedro into a premier coastal destination. The property features 20 rooms, communal restrooms, on-site laundry, and a 1BR manager’s unit. Recent upgrades include new electrical system, PEX & copper plumbing, new roof (2023), and new rear staircase (2023). Prime walkable location near Downtown San Pedro, Metro Silver Line to DTLA, USS Iowa, Warner Grand Theatre, and the new waterfront development. Investment Highlights:• $110K per door• SBA financing potential (buyer to verify) Ideal for supportive housing, transitional housing, sober living, multifamily conversion, or redevelopment as San Pedro continues its rapid growth. Turnkey coastal investment in Southern California’s last affordable beach market.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,304 | 5,456.5 | 50% |
| Lot Size | 5,005 | 4,922.5 | 50% |
| Price | $2.20M | $1.80M | 50% |
| Price per sq ft | $415 | $332 | 50% |
| Built year | 1923 | 1956 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 126 | 116 | 0% |
Mar 16, 2026
$2,199,999
$2,399,999
-8% Price Drop
Initial Listing
Dec 17, 2025
$2,399,999
Initial Listing
Aug 9, 2017
$1,025,000
Public Record