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576 W 13th Street
576 W 13th Street
576 W 13th Street
576 W 13th Street
576 W 13th Street
576 W 13th Street
576 W 13th Street
576 W 13th Street
576 W 13th Street
576 W 13th Street
576 W 13th Street
576 W 13th Street
576 W 13th Street
576 W 13th Street
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$1,650,000

576 W 13th Street

4,664 Sq.Ft.

Description

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%!

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Location

576 W 13th Street, San Pedro, CA 90731

Status

Active Under Contract
Lmar Kojani

Lmar Kojani

TITLE

REALTOR®

LICENSE

01970704

Property Amenities

Interior
Laundry room Common Area
Area & Lot
Lot Area 5,001 Sq.Ft.
Living area 4,664 Sq.Ft.
MLS® ID SB24202185
Year Built 1959
Type Condo
Status Active Under Contract
Exterior
Stories 2
Pool None
Water Source Public
Sewer Public Sewer
Lot Features 0-1 Unit/Acre
Finance
Sales Price $1,650,000
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Thank you for your interest in 576 W 13th Street, San Pedro, CA 90731. We are reviewing your request and will be in touch shortly!

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