About this home

Not subject to LA rent control! Positioned in the heart of San Pedro, this well-located 8-unit multifamily investment opportunity offers an ideal blend of stable income potential and long-term upside in one of the South Bay's fastest-evolving coastal communities. The property features a desirable unit mix of four (4) two-bedroom units and four (4) one-bedroom units, along with community laundry for added tenant convenience. Not subject to LA Rent Control, this asset presents investors with future rental growth potential. Just five blocks from the waterfront and only minutes from the highly anticipated West Harbor redevelopment, this property is situated in the center of major growth and transformation. The $150+ million waterfront project is expected to bring a vibrant mix of dining, shopping, entertainment, fresh markets, and public gathering spaces to the area, further enhancing San Pedro's appeal and long-term investment outlook. Residents enjoy convenient access to many of San Pedro's most sought-after attractions, including Cabrillo Beach, the marina, waterfront dining, scenic coastal trails, and local parks. Commuters benefit from easy access to the 110 Freeway, providing direct connectivity to Downtown Los Angeles, Long Beach, and surrounding employment hubs. With its prime location, strong unit mix, and proximity to San Pedro's ongoing waterfront revitalization, this is a compelling opportunity for investors seeking both current cash flow and future appreciation potential.

Facts and features

Schools

• Fifteenth Street Elementary School

  elementary · K-5 · 0.2 mi

  4

• Richard Henry Dana Middle School

  middle · 6-8 · 0.3 mi

  4

• San Pedro Senior High School

  high · 9-12 · 0.5 mi

  7

• Wiser Generation, The

  elementary · 1-12 · 0.6 mi

• Cabrillo Avenue Elementary School

  elementary · K-5 · 0.5 mi

  9

• Port Of Los Angeles High School

  high · 9-12 · 0.7 mi

  7

Price history

• Aug 19, 2026 · Price Changed$2,299,000
• May 26, 2026 · Listed$2,495,000
• Dec 8, 2017 · Sold$1,825,000
• Sep 29, 2017 · Listed$1,675,000
• Nov 25, 1986 · Sold$650,000

Tax history

• 2025$25,970 tax · $2,106,457 assessed
• 2024$25,618 tax · $2,065,155 assessed
• 2023$25,136 tax · $1,984,965 assessed
• 2022$23,997 tax · $1,946,045 assessed
• 2021$23,674 tax · $1,907,888 assessed
• 2020$23,905 tax · $1,888,326 assessed
• 2019$22,983 tax · $1,851,300 assessed
• 2018$22,817 tax · $1,815,000 assessed

Home value

$2,673,037

• Quantarium$2,673,037
• Collateral Analytics$1,052,000

Where it is