1054 W 23rd St, San Pedro, CA 90731

1054 W 23rd St, San Pedro, CA 90731

San Pedro, CA
$1,085,000

Property Description

1054 W 23rd St in San Pedro is the perfect opportunity for an owner/user or investor alike. The front house is a nice 2 bedroom/1 bath unit with gated front yard built in 1923. The 3 units in the back are built in the 80s, so not subject to RSO and are comprised of (2) 1-bedroom/1bath and (1) studio units. San Pedro has started a multi-million dollar Promenade and Harbor development, where locals will have new entertainment, dining options, and a unique view of all the ship traffic produced by the country’s largest port.

Property Features

  • Sale Price: $1,085,000
  • Area Size: 2,797 SF
  • Land Area: 5,016 SF
  • Year Built: 1923 & 1987
  • Listing Date: March 22, 2022
  • Units: 4
  • Current GRM: 16.15
  • Current Cap Rate: 3.89%
  • Market GRM: 12.65
  • Market Cap Rate: 5.52%