Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1054 W 23Rd St San Pedro, CA 90731

    Sponsored
    For Sale
    $1,469,000

    Quadruplex - San Pedro, CA

    Type:Quadruplex
    Property size:
    2,797 SF
    Lot size:
    5,016.00 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 4 at 9:06 am

    Property Features for 1054 W 23Rd St

    General Information

    Property type
    Residential
    Property subtype
    Quadruplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Laundry, Living Room
    Bedrooms
    5
    Bathrooms
    4
    APN
    7463001019
    Parking
    3
    Exterior features
    Community Features Included: Curbs, Sidewalks, 0-1 Unit/Acre
    Size
    2,797 SF
    Lot size
    5,016.00 Acres

    Utilities

    Cooling system
    Ductless

    Building Details

    Year built
    1987
    Floors in Building
    2
    Number of units
    4
    Architectural style
    Other

    We can help!

    Listing Contact
    Riley Eastman

    Keller Williams Realty - L.A. Harbor (310) 519-1080

    Listing agent Riley Eastman (310) 519-1080 License #02018751

    Listing date Feb 2, 2026

    MLS# SB26024586 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    San Pedro Quadruplex Investment Opportunity

    Located in San Pedro, CA, this four-unit property presents an investment opportunity. The property includes a 2-bedroom, 1-bathroom front house and three renovated 1-bedroom, 1-bathroom rear units. Over $150,000 in enhancements have been invested, including complete renovation of all rear units, new water heaters and modern appliances, termite tenting completed in May 2023, fresh exterior paint, a new vinyl gate, a new garage door, and a revamped property drainage system. The property is situated in an area undergoing a $100 million waterfront development known as West Harbor, which is expected to add new entertainment and dining venues, along with views of port activities. The lot size is approximately 0.115 acres, and the property size is 2797 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Pedro
    County
    Los Angeles
    State
    California
    Longitude
    -118.300249
    Latitude
    33.723614

    Nearby Similar for Sale

    • $2,195,000
      6,910 SF

      San Pedro Multifamily Investment Opportunity

      Eight-unit apartment building in San Pedro with value-add potential.
      1129 W 10Th St, San Pedro, CA 90731
      View Details
    • $830,000
      1,420 SF

      Craftsman Duplex in San Pedro

      Charming Craftsman duplex on a single lot in San Pedro.
      827 N Gaffey St, San Pedro, CA 90731
      View Details
    • $2,750,000
      2,996 SF

      San Pedro Restaurant and Property

      Established restaurant, parking, and residence in prime San Pedro location.
      486 W 20 Ave, San Pedro, CA 90731
      View Details
    • $3,600,000
      8,637 SF

      San Pedro Commercial Building For Sale

      Commercial building in San Pedro, CA, ideal for medical use.
      571 W 7Th St, San Pedro, CA 90731
      View Details
    • $1,299,999
      4,194 SF

      San Pedro Fourplex with Harbor Views

      Fourplex in San Pedro with harbor views and development potential.
      730 W 5Th St, San Pedro, CA 90731
      View Details
    • New
      $1,290,000
      Pending

      San Pedro Triplex Near Shoreline

      Meticulously maintained triplex near San Pedro shoreline, no rent control.
      343 W 12Th St, San Pedro, CA 90731
      View Details
    • $1,188,888
      2,357 SF

      San Pedro Duplex with Upside

      Charming duplex in Vista Del Oro neighborhood with ADU potential.
      1331 S Patton St, San Pedro, CA 90731
      View Details
    • $1,619,000
      3,675 SF

      San Pedro Fourplex Investment Opportunity

      Four-unit property in desirable Point Fermin neighborhood, San Pedro.
      545 W 36Th St, San Pedro, CA 90731
      View Details
    • $675,000
      1,624 SF

      Income Property in San Pedro

      Two stand-alone houses on one lot, excellent investment opportunity.
      578 W Oliver St, San Pedro, CA 90731
      View Details
    • $699,999
      1 SF

      San Pedro Duplex with Potential

      Spanish-style duplex with remodeling and development potential in San Pedro.
      335 N Palos Verdes St, San Pedro, CA 90731
      View Details
    • $1,089,999
      2,548 SF

      Well-Maintained Multifamily Investment Opportunity

      Two-unit multifamily property near Downtown Long Beach.
      230-232 W 15Th St, San Pedro, CA 90731
      View Details
    • $1,075,000
      2,760 SF

      San Pedro Fourplex with Vacancy

      Four-unit property in Vista Del Oro neighborhood.
      1025 W 12Th St, San Pedro, CA 90731
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit property in San Pedro, CA with recent renovations.
    Where is this quadplex located?
    The property is located at 1054 W 23Rd St San Pedro, CA.
    What is the asking price?
    The asking price for this property is $1,469,000.
    What are key features of this property?
    This property features: - Strategic location near the $100 Million West Harbor waterfront development, promising significant property appreciation.; - Four-unit property featuring a 2-bedroom/1-bathroom front house and three renovated 1-bedroom/1-bathroom rear units.; - Over $150,000 in recent renovations, including complete renovation of rear units, new water heaters, and modern appliances.
    (310) 519-1080
    Request Owner's contact information
    1054 W 23Rd St San Pedro, CA 90731
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1054 W 23Rd St
    San Pedro, CA 90731
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1054 W 23Rd St San Pedro, CA 90731
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Riley Eastman
    Real Estate License ID: 02018751
    (310) 519-1080
    Learn more
    Google sign-in failed. Please try again or use another login method.