240 N Meyler, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
This 5-unit income property presents a High-Potential Investment Opportunity with a List Price of $1,290,000—positioned above the $1,201,943 Fair Market Value. While priced at a premium, the property offers a stable, turnkey income stream on a large 9,010 sqft corner lot. With a Condition Rating of 3, the asset features modern exterior updates and consistent rental demand. The inclusion of Seller Financing options provides a strategic advantage for Buy-and-Hold Investors and Portfolio Managers seeking to secure a multi-unit asset in a well-connected San Pedro location.
Property is move-in ready.
Although built in 1924, the property is described as well-maintained with strong curb appeal. The exterior shows evidence of updates including modern siding and dual-pane windows, suggesting a renovation within the 5-15 year range. The mention of healthy rents and a solid income stream indicates the units are functional and move-in ready.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
This 5-unit property offers a solid income stream with healthy rents, making it an ideal turnkey investment for those looking to expand their portfolio in the San Pedro market.
The possibility of seller financing provides a significant competitive advantage for buyers, offering potential relief from traditional high-interest lending environments and simplifying the acquisition process.
Originally built in 1924, the property may require ongoing maintenance or significant capital expenditures to update aging systems, such as plumbing and electrical, typical of historic structures.
With a total of 2,612 square feet distributed across five units, the average unit size is relatively small, which may limit the tenant demographic and result in higher turnover rates.
Well maintained 5 unit income property with curb appeal on a corner lot. Consisting of addresses 236-244 N Meyler. Healthy rents and solid income stream. Fantastic investment opportunity! Possibility of Seller financing!
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.5 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,612 | 7,598 |
| Lot Size | 9,010 | 8,354 |
| Price | $1.29M | $1.48M |
| Price per sq ft | $494 | $227 |
| Built year | 1924 | 1964 |
| HOA | $0 | $0 |
| Days on market | 21 | 80 |
Jul 1, 2026
$1,290,000
Initial Listing
Apr 13, 2010
$250,000
Public Record
Jun 23, 2004
$599,000
Public Record