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About This Home

This 0-bedroom, 0-bathroom commercial at 1047 W 7th in San Pedro, CA is listed for $1,499,900 ($300 per sqft). Built in 1930, the home offers 5,008 sqft of living space on a N/A lot.

Agent Description

Rare 8-Unit Multifamily Opportunity with 8 Private Garages in Coastal San Pedro! Introducing 1045–1057 W. 7th Street, a unique 8plex multifamily investment located in the heart of San Pedro, one of Southern California’s most undervalued & rapidly evolving coastal communities.

This character rich property features an attractive courtyard style freestanding unit layout with individual unit entrances & the highly desirable benefit of eight private single-car garages, + 8 electric meters, providing a valuable amenity rarely found in comparable multifamily assets.

Great mix of one-bedroom, two-bedroom, & studio floor plans. Several units have been updated with laminate flooring, modernized bathrooms, & refreshed interior finishes, creating strong tenant appeal while still offering investors meaningful upside potential.

With two vacant units currently available for immediate lease-up, investors have the opportunity to increase income through renovation, repositioning, & market-rate leasing strategies. Designed in a bungalow style courtyard configuration, the property delivers a residential feel that sets it apart from traditional apartment buildings.

The well-maintained exterior, attractive architecture, & dedicated garage parking contribute to long-term tenant desirability & retention. Strategically located near Downtown San Pedro, the Port of Los Angeles, Cabrillo Marina, & the highly anticipated West Harbor waterfront redevelopment.

The property is positioned to benefit from billions of dollars in public & private investment transforming the harbor area. West Harbor is expected to bring new restaurants, retail, entertainment venues, waterfront attractions, & employment opportunities that will further enhance San Pedro’s appeal as a destination to live, work, & invest.

Residents enjoy convenient access to the Battleship USS Iowa Museum, Cabrillo Beach, San Pedro Arts District, waterfront dining, cruise terminals, & major transportation corridors connecting to Long Beach, the South Bay, & Downtown Los Angeles. As one of the last relatively affordable coastal communities in Los Angeles County, San Pedro continues attracting both residents & investors seeking long-term growth & appreciation potential.

Whether you’re looking to expand your multifamily portfolio, execute a value-add strategy, or acquire a well-located coastal asset with immediate upside, 1045–1057 W. 7th Street presents a compelling investment opportunity in a market poised for continued growth.

Key Features

  • Built in 1930

Property Details

1930

Monthly Cost Estimate

$8,022/mo

20% down · 6.5% · 30 years

Principal$1,085
Interest$6,500
Insurance$437

Estimates only. Actual payments may vary.

Location

1047 W 7th

San Pedro, CA 90731

Features & Amenities

Interior Features

Living Quarters

Property Details

Cooling

None (Cooling)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1047 W 7th is listed at $1,499,900 ($300/sqft). The estimated monthly payment is $6,500 based on 20% down at 6.5% interest.

Key features include: Built in 1930. Interior Features: Living Quarters.

This property is listed by Angie Weeks and can be reached at 9493387408 or Angie@AskAngie.com.

AW

Angie Weeks

Agent at First Team Real Estate

(949) 338-7408

Listed by First Team Real Estate · View on Broker Site

MLS# OC26119959· Source: listhub· Updated 2 days ago

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1047 W 7th, San Pedro, CA 90731

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