576 W 13th Street
San Pedro, CA 90731
- – beds
- – baths
- – sqft
- 5,001 sqft lot
- 1959 build
- – on site
Step into a rare opportunity to invest in the vibrant community of San Pedro with this well-maintained 6-unit apartment building at 576 W 13th St. Each unit offers efficiently designed two-bedroom, one-bath layouts, providing a balance of comfort and functionality. The property features tuck-under parking and has recently completed a soft-story retrofit, enhancing structural safety and ensuring long-term durability. Located in a high-demand rental market with vacancy rates around 4.5%, this property presents a substantial rental upside—with potential rent growth of up to 40% as units become available. A new owner can also benefit from additional income through on-site parking fees. The building includes an onsite laundry facility, offering convenience to tenants and adding to the property's appeal. Just a few blocks away is the anticipated 42-acre San Pedro West Harbor Project, a $170 million waterfront development that will feature a 6,200-seat amphitheater, along with premier dining, retail, and entertainment options. This redevelopment is poised to transform the local area and has the potential to enhance property values as it becomes a central lifestyle destination in Los Angeles. San Pedro combines coastal charm with urban accessibility, known for its quaint neighborhoods, vibrant arts scene, and rich maritime history. Residents enjoy proximity to beaches, waterfront promenades, and attractions like the Battleship USS Iowa Museum and the Cabrillo Marine Aquarium. The area offers a lively restaurant and shopping scene, providing a blend of small-town ambiance with big-city amenities. This property offers an excellent balance of immediate income and long-term appreciation potential, making it ideal for investors looking to expand their portfolio in a growing market. Don’t miss out on this opportunity to own a solid, income-producing asset with a projected cap rate above 7%!
Last checked:
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Last updated Oct 3, 2024
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MLS# SB24202185 —
The Building
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Year Built:1959
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Year Built Source:Public Records
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New Construction:No
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Entry Level:1
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Common Walls:2+ Common Walls
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Building Area Total:4664.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:6
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Stories Total:2
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# of Separate Gas Meters:6
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# of Separate Water Meters:6
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# of Separate Electric Meters:6
Interior
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Levels:Two
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Entry Location:Ground
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Laundry:Community
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Laundry:1
Location
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Directions:Gaffey north to 13th Street. Turn left.
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Latitude:33.73266800
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Longitude:-118.28957500
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LARD1.5
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Lot Features:0-1 Unit/Acre
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Lot Size Area:5001.0000
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Lot Size Acres:0.1148
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Lot Size SqFt:5001.00
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Lot Size Source:Assessor
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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:11
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Tax Census Tract:2969.02
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Tax Tract:060...
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Tax Lot:7
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7454020007
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Biking, Curbs, Dog Park, Fishing, Hiking, Park, Sidewalks, Street Lights
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Pool:None
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Private Pool:No
Parking
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Parking Spaces:6.00
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Carport Spaces:6.00
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 |
|---|---|---|---|---|
|
10/1/24
Oct 1, 2024
|
Listed / Active | CRMLS_CA | $1,650,000 | 15.8% (3.5% / YR) |
|
3/31/20
Mar 31, 2020
|
CRMLS_CA | $1,425,000 | -4.7% | |
|
2/3/20
Feb 3, 2020
|
CRMLS_CA | $1,495,000 |
