Renovated Quadplex with Ocean
For Sale
$1,300,000
2404 S Carolina St, San Pedro, CA 90731
Four-unit apartment community with covered parking, in-unit laundry, and a shared outdoor patio.
Property Size3,672 SF
Lot Size0.14 Acres
Price / SF$354.03
Days on Market11
Property Features for 2404 S Carolina St
General Information
Standard status
Active
Size
3,672 SF
Net Rentable
3,672 SF
Total Parking Spaces
4
Lot size
0.14 Acres
Property subtype
Residential Income
Financials
Asking Price
$1,300,000
Cap Rate
6.23%
Gross Rent Multiplier
11.63
Additional Details
Multifamily Units
4
Amenities
in-unit washers and dryers
shared outdoor patio
ocean views
Building Details
Year Built
1957
Listing Agency:
BRC Advisors- BH
(310) 956-2291
Listed By:
John Katnik
(310) 956-2291
Source:
Exprealty
Added: Aug 12
Changed: Aug 21
Last Checked: Aug 21 at 11:27AM
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 BRC Advisors- BH
Investment Insights
Based on property information with market context.
This four-unit apartment property was constructed in 1957 and contains approximately 3,672 rentable square feet on a 6,092-square-foot lot. Ocean views, in-unit washers and dryers, four covered parking spaces, and a shared outdoor patio add practical resident amenities. Both upstairs units have been fully renovated.
Recent capital work includes a completely repaired foundation, new PEX plumbing throughout the building, five new electrical panels, new exterior paint, and extended gutters. The property is located at 2404 S Carolina St in San Pedro’s Point Fermin neighborhood, near the San Pedro waterfront, Cabrillo Beach, Point Fermin, West Harbor, restaurants, retail, and entertainment destinations.
The property is operating at a 6.23% capitalization rate and an 11.63 GRM. Renovation of the downstairs units and potential rent increases are identified as additional operating opportunities. Potential ADU development is subject to applicable zoning and permitting requirements and should be independently verified.
Recent capital work includes a completely repaired foundation, new PEX plumbing throughout the building, five new electrical panels, new exterior paint, and extended gutters. The property is located at 2404 S Carolina St in San Pedro’s Point Fermin neighborhood, near the San Pedro waterfront, Cabrillo Beach, Point Fermin, West Harbor, restaurants, retail, and entertainment destinations.
The property is operating at a 6.23% capitalization rate and an 11.63 GRM. Renovation of the downstairs units and potential rent increases are identified as additional operating opportunities. Potential ADU development is subject to applicable zoning and permitting requirements and should be independently verified.
Key Highlights
- Four‑unit apartment property with approximately 3,672 rentable square feet
- 6,092‑square‑foot lot at 2404 S Carolina St, San Pedro, CA 90731
- Both upstairs units fully renovated; downstairs units offer renovation potential
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit apartment community with covered parking, in-unit laundry, and a shared outdoor patio.
Where is this quadplex located?
The property is located at 2404 S Carolina St San Pedro, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit apartment property with approximately 3,672 rentable square feet; 6,092‑square‑foot lot at 2404 S Carolina St, San Pedro, CA 90731; Both upstairs units fully renovated; downstairs units offer renovation potential
