2115 S Gaffey Street
San Pedro, CA 90731
- – beds
- – baths
- – sqft
- 5,851 sqft lot
- 1929 build
- – on site
7 units total on Gaffey just South of 21st st in the Vista Del Oro neighborhood of San Pedro. The 6 unit original 1929 apartment building, all 1 bedroom-1 bathrooms includes 2,808 sqft of living space, and the new studio ADU first rented out in July of 2024 is 338 sqft. The 5,851 sqft lot spans from Gaffey to a rear alley and there are 4 single car garages with alley access. The building is well priced on current income at 11.4X GRM, with ~20% upside in rents, to a market GRM of 9.4X. The current cap rate is 5.1% with upside to 6.7%. There are two duplexes up front, with two additional units above the rear garages and ADU, for a total of 3 separate buildings. The two larger 1 bed units above the garages have harbor views. The units are separately metered for gas and electricity. The property is located 1 mile from Cabrillo Beach, 1/2 mile from the Cabrillo way Marina and the $170-million West Harbor ongoing development of restaurants, shops, and brand new amphitheater. The building is also conveniently less than 2 miles from the 110 freeway offering timely access to all that the rest of Los Angeles has to offer. Per Costar 55% of the households within 5 miles are Renters, and the average household income within 5 miles is $108,000.
Last checked:
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Last updated Mar 26, 2025
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MLS# SB25064344 —
The Building
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Year Built:1929
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Stucco
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Building Area Total:3146.00
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Building Area Units:Square Feet
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Total Number Of Units:7
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# of Buildings:3
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Architectural Style:Bungalow
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Roof:Flat
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Foundation:Raised
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Stories Total:2
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Entry Level:1
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Accessibility Features:None
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Common Walls:2+ Common Walls
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Faces:East
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# of Separate Gas Meters:7
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# of Separate Water Meters:1
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# of Separate Electric Meters:7
Interior
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Levels:Two
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Entry Location:1
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Flooring:Tile, Vinyl, Wood
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Fireplace:No
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Fireplace:None
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Laundry:None
Financial & Terms
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Disclosures:Accessory Dwelling Unit
Location
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Directions:West Side of Gaffey, just South of 21st St.
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Latitude:33.72477600
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Longitude:-118.29272200
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Property Condition:Additions/Alterations, Updated/Remodeled
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Zoning:LARD1.5
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Lot Features:Rectangular Lot
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Lot Size Area:5851.0000
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Lot Size Acres:0.1343
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Lot Size SqFt:5851.00
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Lot Size Source:Assessor
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View:1
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View:Marina
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Fencing:Block
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Fence:Yes
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Road Frontage:City Street
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Road Surface Type:Alley Paved
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:12
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Tax Census Tract:2972.01
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Tax Tract:297...
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Tax Lot:27
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7462028025
Heating & Cooling
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Heating:1
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Heating:Heat Pump, Wall Furnace
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Cooling:No
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Cooling:None
Utilities
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Utilities:Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Electric:Standard
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Water Source:Public
Appliances
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Appliances:Gas Oven, Gas Range
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Included:Yes
The Community
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Features:Watersports
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Unknown
Parking
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Parking:Yes
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Parking:Garage Faces Rear
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Parking Spaces:4.00
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Garage Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/25/25
Mar 25, 2025
|
Listed / Active | CRMLS_CA | $1,400,000 | 24.4% (5.0% / YR) |
|
4/30/20
Apr 30, 2020
|
CRMLS_CA | $1,125,000 | -2.2% | |
|
3/2/20
Mar 2, 2020
|
CRMLS_CA | $1,150,000 |
