1038 S Walker Ave, San Pedro, CA 90731

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$2,050,000

Est. payment - /mo

6 Beds

6 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID SB25175372

Bedrooms 6

Property Sub-Type Res Income 2-4 Units

Property Description

Prime Investment Opportunity Built in 1985 Not Subject to LA City Rent Control (Only AB-1482)...Located in the sought-after Vista del Oro neighborhood, 1038 S Walker Ave is a well-maintained multifamily asset offering strong in-place income and substantial upside. The property features ample parking, and includes an additional unpermitted unit that was previously rented and now offers a straightforward ADU conversion opportunity. There's also an attached office/storage space adjacent to the communal laundry area, which presents potential for a second ADU or additional income through rental. The 6,590 SF building sits on a 6,250 SF lot, priced attractively at $311/SF, operating at a 5.07% CAP and 12.28 GRM. The property features a diverse unit mix with one 3-bedroom/3-bath and six 1-bedroom/1-bath units with some units offering private balconies, fireplaces, and exceptional ocean views. A spacious 3-bed, 3-bath townhouse-style unit is ideal for an owner-user or top-market rent. Located in a fast-growing area of San Pedro, fueled by over $500M in waterfront redevelopment and lifestyle improvements slated through 2026, this property is a rare opportunity in a market outperforming neighboring cities in both affordability and returns.

Location

State CA

County Los Angeles

Zoning Assessor

Direction south of W 10th st, east of Averill Park

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Tax ID 7458010005

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Listed by Olga Wright Lyon Stahl Investment Real Estate, Inc.

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1038 S Walker Ave San Pedro, CA 90731