1 of 24

Want to see this property?

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.

Listed By CRMLS_CA / Josh Ess / Buckingham Investments, Inc / 310-867-1183

Last checked: Checking… • Last updated Mar 26, 2025 •

MLS# SB25064344 —

The Building

Year Built:

1929
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco
Building Area Total:

3146.00
Building Area Units:

Square Feet
Total Number Of Units:

7
# of Buildings:

3
Architectural Style:

Bungalow
Roof:

Flat
Foundation:

Raised
Stories Total:

2
Entry Level:

1
Accessibility Features:

None
Common Walls:

2+ Common Walls
Faces:

East
# of Separate Gas Meters:

7
# of Separate Water Meters:

1
# of Separate Electric Meters:

7

Interior

Levels:

Two
Entry Location:

1
Flooring:

Tile, Vinyl, Wood
Fireplace:

No
Fireplace:

None
Laundry:

None

Financial & Terms

Disclosures:

Accessory Dwelling Unit

Location

Directions:

West Side of Gaffey, just South of 21st St.
Latitude:

33.72477600
Longitude:

-118.29272200

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Additions/Alterations, Updated/Remodeled
Zoning:

LARD1.5
Lot Features:

Rectangular Lot
Lot Size Area:

5851.0000
Lot Size Acres:

0.1343
Lot Size SqFt:

5851.00
Lot Size Source:

Assessor
View:

1
View:

Marina
Fencing:

Block
Fence:

Yes
Road Frontage:

City Street
Road Surface Type:

Alley Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

12
Tax Census Tract:

2972.01
Tax Tract:

297...
Tax Lot:

27

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7462028025

Heating & Cooling

Heating:

1
Heating:

Heat Pump, Wall Furnace
Cooling:

No
Cooling:

None

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Gas Oven, Gas Range
Included:

Yes

The Community

Features:

Watersports
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

Yes
Parking:

Garage Faces Rear
Parking Spaces:

4.00
Garage Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

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

Want a closer look?

Go see 2115 S Gaffey Street

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Los Angeles, CA

Similar sold homes

This multifamily located in Harbor, Los Angeles, CA 90731 is currently for sale for $1,400,000. 2115 S Gaffey Street is a – square foot multifamily with – beds and – baths that has been on Estately for 25 days. 2115 S Gaffey Street is in the Harbor neighborhood of Los Angeles and has a WalkScore® of 75, making it very walkable.

Listing Courtesy of: CRMLS_CA and Buckingham Investments, Inc. Based on information from California Regional Multiple Listing Service, Inc. as of 06:00 on Apr 19.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.