576 W 13th Street, San Pedro, CA 90731 - MLS#SB24202185

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,450,000

Est. payment | -/mo

2 Beds

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$ 1,450,000

Est. payment | -/mo

Save

2 Beds

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24202185

Bedrooms 2

Property Sub-Type Res Income 2-4 Units

Property Description

Step into a rare opportunity to invest in the vibrant community of San Pedro with this well-maintained 6-unit apartment building at 576 W 13th St. Each unit offers efficiently designed two-bedroom, one-bath layouts, providing a balance of comfort and functionality. The property features tuck-under parking and has recently completed a soft-story retrofit, enhancing structural safety and ensuring long-term durability. Located in a high-demand rental market with vacancy rates around 4.5%, this property presents a substantial rental upsidewith potential rent growth of up to 40% as units become available. A new owner can also benefit from additional income through on-site parking fees. The building includes an onsite laundry facility, offering convenience to tenants and adding to the property's appeal. Just a few blocks away is the anticipated 42-acre San Pedro West Harbor Project, a $170 million waterfront development that will feature a 6,200-seat amphitheater, along with premier dining, retail, and entertainment options. This redevelopment is poised to transform the local area and has the potential to enhance property values as it becomes a central lifestyle destination in Los Angeles. San Pedro combines coastal charm with urban accessibility, known for its quaint neighborhoods, vibrant arts scene, and rich maritime history. Residents enjoy proximity to beaches, waterfront promenades, and attractions like the Battleship USS Iowa Museum and the Cabrillo Marine Aquarium. The area offers a lively restaurant and shopping scene, providing a blend of small-town ambiance with big-ci

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Gaffey north to 13th Street. Turn left.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Tax ID 7454020007

Listed by L'mar Kojani Keller Williams South Bay

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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576 W 13th Street San Pedro, CA 90731