580 W 22nd Street, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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580 W 22nd Street
San Pedro, California 90731
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,912Sq Ft
5,401Lot Size
Property Price
LIST PRICE$899,000
EST. MARKET VALUE
$897,949
SUMMARY
This 4-unit High-Potential Investment Opportunity is listed at a List Price of $899,000, positioned well below the $897,950 Fair Market Value (effectively at market). Featuring a Condition Rating of 4, this century-old asset offers immediate cash flow with significant rental upside. The property boasts an Oversized Parking Lot for 8 vehicles and a prime Corner Lot location. With proximity to Top-Rated Schools like Taper Avenue Elementary, this is a stable, income-producing asset ideal for Buy-and-Hold Investors or Multifamily Portfolio Managers.
Estimated Market Value
$897,949
Based on Realkey algorithm analyzing recent comparable sales in San Pedro.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 580 W 22nd Street Subject | $899,000* List Price | 0 | 0 | 2,912 | $308 | - |
A 1504 S Grand Sold | $969,000 | 0 | 0 | 3,343 | $290 | 0.4 mi |
B 1504 S Grand Sold | $969,000 | 3 | 2 | 3,343 | $290 | 0.4 mi |
C 464 W 17th St Sold | $1,130,000 | 0 | 0 | 3,224 | $350 | 0.4 mi |
D 939 941 W 17th Sold | $1,075,000 | 6 | 4 | 2,804 | $383 | 0.5 mi |
E 221 W 10th Street Sold | $1,110,000 | 0 | 0 | 3,730 | $298 | 0.9 mi |
F 534 W 19th Sold | $980,000 | 0 | 0 | 4,000 | $245 | 0.2 mi |
G 732 W 21st Active | $1,124,000 List Price | 0 | 0 | 2,860 | $393 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1922, this century-old property is functional and fully occupied but shows signs of age. The lack of interior photos and the listing's emphasis on 'upside potential' typically indicate dated kitchens and bathrooms (likely >20 years old) that require modernization to achieve market rents.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- Immediate Income & Rental Upside
The property is 100% occupied, providing immediate cash flow for investors with significant potential to increase monthly rental income to market rates over time.
- Exceptional Parking Capacity
Featuring an oversized parking lot with tandem spaces for up to 8 vehicles, this property offers a rare and highly desirable amenity for a multi-unit building in the San Pedro area.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally constructed in 1922, the building may require ongoing maintenance or capital improvements to modernize systems and structural components common in century-old properties.
- Tenant-Occupied Limitations
Being sold with all four units occupied by existing tenants may limit the immediate ability to perform major renovations or reposition the asset due to local and state tenant protection regulations.
About 580 W 22nd Street
INVESTMENT OPPORTUNITY IN SAN PEDRO! Welcome to 580 W. 22nd Street, a fully occupied 4-unit apartment building prominently situated on a corner lot at W. 22nd Street and Grand Avenue. This income-producing property provides an opportunity for investors seeking an established multifamily asset with existing tenants and immediate rental income with upside potential. The property consists of four 1-bedroom, 1-bath units within approximately 2,912 SF of building area on a 5,401 SF lot with oversized parking lot. All four units are currently occupied and the property is being sold with the existing tenants in place. The building features separately metered gas and electricity, helping simplify utility management, along with tandem off-street parking. Located in San Pedro's Point Fermin area, the property offers convenient access to the waterfront, harbor, marina, shopping, dining and major transportation routes. The corner-lot configuration and established four-unit use make this an attractive opportunity for a long-term multifamily investor looking to add a South Bay/Harbor Area income property to their portfolio.100% Occupied • 4 Units • Corner Lot • Oversized Parking Lot with Tandem Parking for 8 Vehicles • Future Upside on Monthly Rental Income • Separately Metered Gas & Electric.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1922
- Lot Size
- 5,401 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Pedro Unified Schools
Fifteenth Street Elementary School
Grades K-5 • 0.5 mi
5/10
Leland Street Elementary School
Grades K-6 • 0.6 mi
5/10
Cabrillo Avenue Elementary School
Grades K-5 • 0.9 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.3 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,912 | 2,854.929 |
| Lot Size | 5,401 | 5,420.5 |
| Price | $899.0K | $949.9K |
| Price per sq ft | $309 | $400 |
| Built year | 1922 | 1955 |
| HOA | $0 | $0 |
| Days on market | 12 | 76 |
Pricing History
Listed for Sale
Aug 28, 2026
$899,000
Initial Listing
Sold
Sep 1, 2017
$683,000
Public Record
Sold
Jul 21, 2016
$650,000
Public Record
Sold
Dec 12, 2006
$650,000
Public Record