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Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc.
$2,050,000
Est. payment /mo
6,250 Sqft Lot
New
1038 S Walker Ave San Pedro, CA 90731
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25175372
Year Built 1985
Lot Size 6,250 Sqft
Source California Regional MLS
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
Area 183 - Vista Del Oro
Interior
Laundry Community Facility
Exterior
Garage Spaces 1.0
Pool None
Building
Water District - Public
Others
Tax ID 7458010005
Special Listing Condition Not Applicable
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