$1,400,000
$1,499,900
6.7%For more information regarding the value of a property, please contact us for a free consultation.
1047 W 7th San Pedro, CA 90731
0.28 Acres Lot
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC26119959
Sold Date 08/10/26
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
Fully occupied easy button for investors! 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. 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
Financing Private
Special Listing Condition Standard
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Bought with Fred DiBernardo Fred DiBernardo


