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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%!

Listed By CRMLS_CA / L'mar Kojani / Keller Williams South Bay / 310-733-6819

Last checked: Checking… • Last updated Dec 12, 2024 •

MLS# SB24202185 —

The Building

Year Built:

1959
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

4664.00
Building Area Units:

Square Feet
Total Number Of Units:

6
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

6
# of Separate Water Meters:

6
# of Separate Electric Meters:

6

Interior

Levels:

Two
Entry Location:

Ground
Laundry:

Community
Laundry:

1

Location

Directions:

Gaffey north to 13th Street. Turn left.
Latitude:

33.73266800
Longitude:

-118.28957500

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LARD1.5
Lot Features:

0-1 Unit/Acre
Lot Size Area:

5001.0000
Lot Size Acres:

0.1148
Lot Size SqFt:

5001.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

11
Tax Census Tract:

2969.02
Tax Tract:

060...
Tax Lot:

7

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7454020007

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Biking, Curbs, Dog Park, Fishing, Hiking, Park, Sidewalks, Street Lights
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

6.00
Carport Spaces:

6.00

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
12/2/24 Dec 2, 2024	Listed / Active	CRMLS_CA	$1,650,000
11/14/24 Nov 14, 2024	Sold Subject To Contingencies	CRMLS_CA	$1,650,000
10/1/24 Oct 1, 2024	Listed / Active	CRMLS_CA	$1,650,000	15.8% (3.5% / YR)

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This multifamily located in Harbor, Los Angeles, CA 90731 is currently for sale for $1,650,000. 576 W 13th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 82 days. 576 W 13th Street is in the Harbor neighborhood of Los Angeles and has a WalkScore® of 91, making it a walker’s paradise.

Listing Courtesy of: CRMLS_CA and Keller Williams South Bay. Based on information from California Regional Multiple Listing Service, Inc. as of 23:51 on Dec 21.

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.