1047 W 7th, San Pedro, California 90731
  • $1,499,900

Overview

Property ID: OC26119959
  • Multi Family, Commercial Sale
  • Property Type
  • 5008 Sqft
  • Area Size
  • 1930
  • Year Built

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: 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

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