San Pedro Homes with Apartment Subtype

Welcome to San Pedro, a vibrant coastal community nestled in the heart of Los Angeles County, California. Known for its rich maritime history and stunning waterfront views, San Pedro offers a unique blend of urban convenience and laid-back coastal living. With a population of around 80,000 residents, this charming city boasts a diverse culture, an array of recreational activities, and a strong sense of community.

San Pedro is home to the bustling Port of Los Angeles, the largest and busiest port in the United States, which contributes significantly to the local economy. The area is also known for its beautiful beaches, such as Cabrillo Beach and Point Fermin Park, where residents can enjoy sunbathing, picnicking, and breathtaking ocean sunsets. In addition, the city is rich in history, with landmarks like the historic Fort MacArthur and the charming San Pedro Arts District, which features galleries, theaters, and local eateries.

For those considering a move to San Pedro, the real estate market offers an exciting opportunity, particularly for homes with an apartment subtype. These properties are perfect for families, investors, or anyone seeking additional income potential. With spacious layouts and modern amenities, these homes provide the ideal blend of comfort and versatility. Many of these residences are located in desirable neighborhoods, offering easy access to local schools, parks, and shopping areas.

Whether you're looking for a cozy family home or an investment property, San Pedro's diverse real estate options ensure there's something for everyone. Come experience the charm and character of San Pedro, where coastal living meets urban convenience!

Newest San Pedro Homes with Apartment Subtype

$1,349,000

SB26157592 MLS ⋅ Active Status

First time on the market in over 50 years! Nestled in the highly sought-after Point Fermin neighborhood, this neatly manicured four-unit apartment building offers a unique investment opportunity in one of the area's most desirable coastal communities. Each of the four units features two bedrooms and one bathroom and includes one parking space in a shared garage. The front, upper owner's unit will be delivered vacant, presenting an ideal opportunity for an owner-occupant or the ability to lease at current market rents. Residents also enjoy the convenience of on-site community laundry. Ideally located to enjoy refreshing ocean breezes, the property is just moments from Cabrillo Beach, Cabrillo Marina, Point Fermin Park, and Korean Bell of Friendship. It is also minutes from the transformative West Harbor waterfront redevelopment, bringing exciting new dining, entertainment, shopping and recreation to the San Pedro waterfront. With its prime coastal location and long-term appreciation potential, this is a property that rarely becomes available.

565 W 36th, San Pedro

$1,299,000

SB26151706 MLS ⋅ Active Status

Four deluxe units with large three bedroom two bath owner unit in prime location Near Western Ave., Park Plaza shopping center on the border of Rancho Palos Verdes. Long time owners with upside in the rents low maintenance building with concrete front and yards. Good tenants. priced for immediate sale. Ideal for owner occupant.

1222 N Park Western, San Pedro

$2,700,000

MB26138364 MLS ⋅ Active Status

" Six Units " Great opportunity to own this beautiful Spanish style Multiunit property featuring 6- Units! Located in the city of San Pedro with Amazing Ocean views near the Marina. Super clean units Built in 1993. Very Large and spacious 5,688 square feet of living space. The building features: "Four 2-bedroom and 2- baths units" and "Two 1-bedroom and 1- bath units" All of the units have amazing Ocean views" all unit include electric chimney's and are very spacious. 5 Units are rented and 1 unit can be delivered for Owner user or additional income. This property includes underground parking large enough for 10- cars. There are not many units on the market that are built in 1993, very well kept Investment.

1606 S Palos Verdes, San Pedro

$1,450,000

SB26125439 MLS ⋅ Active Under Contract Status

8 Unit Apartment Complex Near Waterfront Development in one of the fastest-growing rental pockets of Los Angeles. The property consists of all 1 bed/1 bath units, generating $12,918/month in current rental income (including projected rent for 1 Vacant unit). Offered at a 7% CAP rate and 9.3 GRM, this is the strongest cash-flowing multifamily opportunities in San Pedro for a well maintained property. ***Major capital improvements include electrical, plumbing, exterior paint, reinforced foundation, and roof work, 7 of the 8 units have been renovated. Potential to add ADUs in the rear (Buyer to Verify).*** Located near the massive San Pedro waterfront redevelopment with over $500M in private investment and an additional $140M in recent federal port-related funding, the area is experiencing major transformation with new residential, retail, dining, and infrastructure projects expected to continue driving rental demand and property values upward stronger than most Los Angeles submarkets.

383 W 14th Street, San Pedro

$1,200,000

SB26107346 MLS ⋅ Active Status

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 market cap rate above 7%, tons of upside potential!

576 W 13th Street, San Pedro

$2,495,000

PV26110412 MLS ⋅ Active Status

Not subject to LA rent control! Positioned in the heart of San Pedro, this well-located 8-unit multifamily investment opportunity offers an ideal blend of stable income potential and long-term upside in one of the South Bay’s fastest-evolving coastal communities. The property features a desirable unit mix of four (4) two-bedroom units and four (4) one-bedroom units, along with community laundry for added tenant convenience. Not subject to LA Rent Control, this asset presents investors with future rental growth potential. Just five blocks from the waterfront and only minutes from the highly anticipated West Harbor redevelopment, this property is situated in the center of major growth and transformation. The $150+ million waterfront project is expected to bring a vibrant mix of dining, shopping, entertainment, fresh markets, and public gathering spaces to the area, further enhancing San Pedro’s appeal and long-term investment outlook. Residents enjoy convenient access to many of San Pedro’s most sought-after attractions, including Cabrillo Beach, the marina, waterfront dining, scenic coastal trails, and local parks. Commuters benefit from easy access to the 110 Freeway, providing direct connectivity to Downtown Los Angeles, Long Beach, and surrounding employment hubs. With its prime location, strong unit mix, and proximity to San Pedro’s ongoing waterfront revitalization, this is a compelling opportunity for investors seeking both current cash flow and future appreciation potential.

579 W 14th, San Pedro

$3,350,000

PV26103217 MLS ⋅ Active Status

No LA rent control! Positioned in a prime San Pedro location, this 13-unit multifamily investment opportunity offers strong income potential with an attractive unit mix of nine (9) one-bedroom units and four (4) two-bedroom units. The property features community laundry facility, seventeen (17) on-site parking spaces. One unit is currently vacant, presenting immediate upside potential for an owner-user or the opportunity to achieve market rental rates. Ideally situated near the rapidly evolving San Pedro waterfront, the property benefits from close proximity to the highly anticipated West Harbor redevelopment — an over $150 million, 42-acre waterfront destination planned to include restaurants, shopping, fresh markets, office space, a scenic promenade, and an open-air amphitheater for live entertainment. This transformative development is expected to continue driving demand and long-term growth throughout the area, making this an exceptional opportunity for investors seeking both current cash flow and future appreciation potential.

635 W 15th Street, San Pedro

$1,670,000

PW26089556 MLS ⋅ Active Status

570 W. 8th Street is an 8-unit apartment located in San Pedro, California. Built in 1984, the property offers a rare combination of below-market cost basis, two immediate vacancy opportunities, and a well-documented rent correction story that positions the next owner to capture over $70,000 in additional annual gross income as the rent roll normalizes to market. An Exceptional Entry Price Relative to the Market At $1,670,000, this offering is priced at $208,750 per unit and $232 per square foot — both figures represent a meaningful discount to every relevant benchmark in the current San Pedro market. The three most recent sold comparables averaged $278,333 per unit and $348.72 per square foot. The subject property comes in 25% below the sold average on a per-unit basis and 33% below on a per-square-foot basis. The subject is 15% below the active average per unit and 28% below on a per-square-foot basis. Notably, on a price-per-square-foot basis, 570 W. 8th Street is priced below every single active listing in the submarket, regardless of vintage, condition, or unit count. This discount is not a rejection of deferred maintenance or physical obsolescence. It is a direct function of below-market rents held by long-term tenants — and that is precisely the opportunity a value add buyer is acquiring here. The property is not subject to Los Angeles RSO.

570 W 8th, San Pedro

$1,695,000

PW26076455 MLS ⋅ Active Status

Located in San Pedro’s desirable Holy Trinity neighborhood, this gated 7-unit property presents an excellent investment opportunity. The property features a highly attractive unit mix, including two 1-bedroom units (approximately 750 sq ft each), four 2-bedroom, 1.75-bath units (approximately 1,050 sq ft each), and one 3-bedroom, 2-bath unit (approximately 1,566 sq ft). All square footage is approximate; buyer to verify. The asset includes 9 dedicated parking spaces, with the potential to add two additional spaces, offering future upside. Operational highlights include on-site community laundry with landlord-owned machines, separately metered gas and electricity, and landlord-paid water and trash. Each unit is equipped with central heating, a dishwasher, and a dedicated balcony, enhancing tenant appeal. The front upper unit enjoys distant views of the port and bridge, further supporting strong rental demand and long-term value. Note new roof as of 2025 and all interior unit sub panels have been upgraded.

129 N Cabrillo Avenue, San Pedro

$1,450,000

SB26055930 MLS ⋅ Active Status

Excellent rental location within walking distance to Cabrillo Marina, near Cabrillo Beach and close to historic Fort MacArthur. The property features a front house with 3 bedrooms and 1 bathroom. The rear building includes two 2-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit. There are three parking garages in the back with access from the rear alley, plus additional parking for two cars next to the front house.

2217 Barbour Court, San Pedro

$1,699,000

SB26035128 MLS ⋅ Active Status

LOCATION, LOCATION, LOCATION!!! Nestled on a fully landscaped corner lot just one short block away from the ocean bluffs in the desirable Palisades area is where you will find this extremely well-kept five unit building. There are only a few buildings this close to the water and this is one of them. A few of the units offer ocean views and they all enjoy the cool climate and afternoon breezes that come with living along the California coast. Building does offer a very spacious 2 bdrm 2 bath ground floor owners unit with a fireplace and peeks of the ocean. Upgrades in 2020 include a new roof, new electrical panels, painted exterior and relandscaping. There is garage parking for 4 cars and additional off-street parking for another 2 cars. Witn no living units above the garage and a flat roof, it's very possible that an ADU or two can be built above the garages (buyer to verify). Community laundry room with coin-operated machines services the units. This is an amazing opportunity to own a legacy property in an area known for it's bluff-top parks, walking trails, nature preserves and all of the benefits associated with living next to the ocean. This type of location in any other local beach city would cost you much more. Drive by it and cruise the area to see how special this location really is.

3644 Almeria Street, San Pedro

$1,695,000

SB26029816 MLS ⋅ Active Status

High yield 10 unit property one block from Downtown San Pedro for only $169K/door. 8.5X GRM on actual rents with an in-place cap rate of 6%, plus upside to a market cap rate of 7.1%. 8 out of 10 units remodeled in the last 5 years plus brand new separate electrical meters, main panel, and wiring at a cost of over $100K. RUBS income already in-place for a super low expense building. 4 detached income generating garages at the rear of the property present ADU potential. Only 1 block from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from the massive 42 acre West Harbor LA Waterfront Development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. Minutes away from Cabrillo Marina and Cabrillo Beach, Palos Verdes, and the Port of LA. Walk Score 93/100.

626 W 7th, San Pedro

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.