Property Description

Experience a compelling investment in the heart of San Pedro’s rapidly transforming market with 935 W 10th St, a well-maintained multifamily building offering both stability and upside. Featuring 6,276 rentable square feet on a 6,075 SF lot, this property is priced at $263 per square foot and currently operates at a competitive 5.57% CAP Rate and 11.83 GRM. Originally built in 1974, it has benefited from recent renovations, enhancing the appeal of its units and supporting premium rents. With only one vacancy, there’s immediate potential to boost income and further optimize the rent roll. San Pedro’s multi-family sector continues to outpace neighboring markets in both affordability and investor returns. With cap ratesin the 5.5–6% range, buyers enjoy stronger yields than those seen in West LA or Long Beach, all while benefiting from a thriving, tight-inventory environment. The area is experiencing robust appreciation, driven by more than $500 million in waterfront redevelopment, major public/private investment, and new lifestyle amenities coming online by 2026. This building’s remodeled interiors, strong operating numbers, and prime location position it as a long-term winner for buyers seeking a mix of steady cash flow, capital appreciation, and resilience in a
dynamic coastal community.