918 S Cabrillo Avenue, San Pedro, California 90731, San Pedro, 90731 - bed, bath
918 S Cabrillo Avenue
San Pedro, California 90731
Property Price
SUMMARY
Analysis of 918 S Cabrillo Avenue, San Pedro, California 90731 is currently available with a list price of $2,488,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Pedro Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1964, this property has undergone extensive recent renovations, including a soft-story retrofit, new roof, upgraded main drain, new garage doors, exterior repainting, and crucially, 'interior unit renovations.' The listing describes it as a 'turnkey property' requiring 'minimal maintenance,' indicating that the residential units, including kitchens and bathrooms, have been updated to current quality standards. The exterior images confirm a well-maintained and updated appearance, aligning with the criteria for an 'Excellent' rating due to extensive renovations within the last 5 years.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- Diversified Income Stream
The property offers a robust mixed-use income stream, comprising 8 residential units (6 one-bedroom, 2 two-bedroom) and 4 street-facing commercial spaces, enhancing stability and potential for growth.
- Significant Capital Improvements
Major capital improvements have been completed, including a soft-story retrofit, new roof, upgraded main drain, new garage doors, exterior repainting, and interior unit renovations, minimizing immediate capital expenditure for a new owner.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1964, the property is over 50 years old. While significant renovations have occurred, some underlying infrastructure not explicitly mentioned as upgraded might still be original.
- Residential Unit Mix Concentration
A majority of the residential units are one-bedroom (6 out of 8), which could limit the tenant pool to singles or couples and potentially restrict rental income growth compared to properties with more diverse or larger unit types.
- Potential Rent Control Impact
Located in San Pedro, within Los Angeles County, the property may be subject to local rent control ordinances, which could impact the projected 'future rent growth' and limit an investor's ability to maximize rental income.
About 918 S Cabrillo Avenue
Beautiful Pride-of-Ownership Property in PRIME Location!!! Charming courtyard-style apartment complex consisting of 8 residential units—6 one-bedroom units and 2 two-bedroom units—along with 4 street-facing commercial spaces on 9th Street, occupied by a long-term tenant (lease in place through April 2030 with built-in annual increases). **Major capital improvements include: soft-story retrofit, new roof, upgraded main drain, new garage doors, exterior repainting, and interior unit renovations. The property has 6 private garages, additional on-site parking, and common laundry facilities. **Offered at an attractive 11.1 GRM and 5.9% cap rate on existing income, the property also presents clear upside potential through future rent growth. This turnkey property offers a compelling mix of residential stability and commercial frontage in a high visibility, desirable location. ** Qualifies for favorable multifamily financing, making this a turnkey opportunity for investors seeking long-term performance with minimal maintenance and easy management. SEE SUPPLEMENTS FOR RENT ROLL & LOAN QUOTE
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1964
- Lot Size
- 8,354 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Pedro Unified Schools
Cabrillo Avenue Elementary School
Grades K-5 • 0.1 mi
Fifteenth Street Elementary School
Grades K-5 • 0.6 mi
Bandini Street Elementary School
Grades K-6 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1964 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Pricing History
Listed for Sale
Feb 4, 2026
$2,488,000
Initial Listing
Sold
Aug 23, 2018
$1,950,000
Public Record
Sold
Jan 27, 2003
$1,030,000
Public Record
Sold
Apr 19, 2001
$650,000
Public Record