1047 W 7th, San Pedro, California 90731
- $1,499,900
Overview
- Multi Family, Commercial Sale
- 5008 Sqft
- 1930
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.
Address
Open on Google Maps-
Address: 1047 W 7th
-
City: San Pedro
-
State/county: CA
-
Zip/Postal Code: 90731
-
Country: US
Details
Updated on June 15, 2026 at 10:03 pm-
Property ID OC26119959
-
Price $1,499,900
-
Property Size 5008 Sqft
-
Land Area 0.2776 Acres
-
Year Built 1930
-
Property Type Multi Family, Commercial Sale
-
Property Status Active
Additional details
-
Listing Terms Cash, Cash to New Loan, Conventional, Submit, VA Loan
-
Roof Asphalt, Shingle
-
Utilities Electricity Connected, Sewer Connected, Water Connected
-
Cooling None
-
Heating Wall Furnace
-
County Los Angeles
-
Property Type Commercial Sale
-
Waterfront Ocean Side Of Freeway, Ocean Side Of Highway
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees