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San Pedro Multifamily Income Property
For Sale
Contact for pricing
Pending

1054 W 23rd Street, San Pedro, CA 90731

Four-unit income property in rapidly improving San Pedro pocket.

Property SizeContact for details
Days on Market201

Property Features for 1054 W 23rd Street

General Information

Standard status Pending
Property subtype Multifamily
Zoning Public Rec

Building Details

Buildings 2
Stories 2
Units 4
Listing Agency: Keller Williams Realty - LA Harbor
Listed By: Riley Eastman · License #CA 02018751
Source: Crexi
Added: Jan 29 Changed: Aug 8 Last Checked: Jul 24 at 5:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty - LA Harbor

Investment Insights

Based on property information with market context.

This four-unit income property is located in a rapidly improving area of San Pedro. The property features a 2-bed/1-bath front house and three renovated 1-bed/1-bath units in the rear. Over $150,000 has been invested in recent capital improvements, including full renovation of rear units, new water heaters and appliances, termite tenting (May 2023), exterior paint, vinyl gates, garage door, and an upgraded drainage system. The property is located minutes from the $100M+ West Harbor waterfront redevelopment, positioning it for long-term appreciation and rental demand. With a strong unit mix, updated major systems, and minimal deferred maintenance, this property is ideal for investors seeking stabilized income with future upside in one of San Pedro's most active redevelopment zones. The mortgage is assumable at 4.75%.

Key Highlights

  • Assumable Mortgage at 4.75%
  • Located minutes from the $100M+ West Harbor waterfront redevelopment
  • Four‑unit income property with strong unit mix

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Law Firm Carpet & Flooring Store (Bike/Boat/Book/etc) Store Tanning Salon Clothing & Fashion Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

637
Businesses Nearby

Demographics for 90731, CA

61,270
Population
24,477
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
81%
High-School Grad
9.3 sq mi
ZIP Area
6,588
Density / Sq Mi
$71,936
Median Household Income
$41,324
Median Earnings
$1,645
Median Rent
$808,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four-unit income property in rapidly improving San Pedro pocket.
Where is this quadplex located?
The property is located at 1054 W 23rd Street San Pedro, CA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Assumable Mortgage at 4.75%; Located minutes from the $100M+ West Harbor waterfront redevelopment; Four‑unit income property with strong unit mix
(310) 902-6528 Call to check price and availability
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