
San Pedro, California 90731
This Turnkey Mixed-Use Asset is listed at $2,488,000, representing a stable entry point at its $2,488,000 Fair Market Value. Holding an Excellent Condition Rating, the property has undergone a soft-story retrofit, roof replacement, and full interior renovations. The portfolio includes 8 residential units and 4 commercial spaces with a lease through 2030, generating an attractive 5.9% Cap Rate. Located near Taper Avenue Elementary (9/10) and San Pedro Senior High, the asset ensures high residential demand. This is a premier opportunity for Buy-and-Hold Investors and Portfolio Diversifiers seeking immediate, low-maintenance ROI.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 918 S Cabrillo Avenue Subject | $2,488,000* List Price | 0 | 0 | 7,598 | $327 | - |
A 1021 W 14th Active | $2,385,000 List Price | 0 | 0 | 5,886 | $405 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
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.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
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.
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.
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.
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.
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.
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
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.6 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 | 7,598 | 6,603.5 | 50% |
| Lot Size | 8,354 | 6,597 | 50% |
| Price | $2.49M | $1.94M | 50% |
| Price per sq ft | $327 | $288 | 50% |
| Built year | 1964 | 1977 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 77 | 91 | 50% |
Feb 4, 2026
$2,488,000
Initial Listing
Aug 23, 2018
$1,950,000
Public Record
Jan 27, 2003
$1,030,000
Public Record
Apr 19, 2001
$650,000
Public Record