1047 W 7th, San Pedro, CA 90731
1047 W 7th, San Pedro, CA 90731
1047 W 7th, San Pedro, CA 90731
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$1,499,900
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0.28 Acres Lot
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1047 W 7th San Pedro, CA 90731

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Darren Schneider

Darren Schneider

+1(619) 987-3113

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26119959

HOA Y/N No

Year Built 1930

Annual Tax Amount $3,040

Tax Year 2025

Lot Size 0.278 Acres

Lot Dimensions Assessor

Property Sub-Type Multi Family

Property 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.

Location

State CA

County Los Angeles

Area 183 - Vista Del Oro

Zoning LARD 1.5

Rooms

Other Rooms Living Quarters

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry None

Exterior

Fence Block

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Waterfront Description Ocean Side Of Freeway,Ocean Side Of Highway

Roof Type Asphalt,Shingle

Present Use Residential,Single Family

Total Parking Spaces 10

Building

Lot Description Landscaped, Rectangular Lot, Street Level

Story 1

Water Public

Additional Building Living Quarters

Others

Tax ID 7458002024

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, Submit, VA Loan

Listing Terms Cash, Cash to New Loan, Conventional, Submit, VA Loan

Special Listing Condition Standard

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Listed by Angie Weeks First Team Real Estate 949-338-7408, DRE #01398537

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Darren Schneider

Darren Schneider

Agent | License ID: 01241609

+1(619) 987-3113

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1047 W 7th