Price Reduced Listing
372 W 11th Street,San Pedro, CA 90731
San Pedro, CA 90731
Description
2 of 4 UNITS DELIVERD VACANT! 372 W 11th St, a 4-unit multifamily property in the San Pedro submarket of Los Angeles. The property offers investors an excellent opportunity in a tight coastal rental market, combining immediate rental upside with substantial ADU expansion potential. The property encompasses approximately 3,151 square feet on a .11 acre lot and features a unit mix of (3) 1BR/1BA units and (1) Studio + Den/Office unit. Two of the four units are delivered vacant and fully remodeled. Ownership carries out numerous capital improvements in recent years, including a full roof and plumbing replacement. The drain line is fully updated, and water supply plumbing is approximately 90% copper, reducing near-term capital needs for a buyer. The state required SB-721 balcony inspection has also been completed and passed. Units also have W/D hookups. The property also presents strong ADU potential (Buyer to Verify), with a preliminary site plan for 4 additional ADU units totaling approximately 2,140 square feet. This expansion would nearly double the property's footprint to 8 total units and 5,291 total square feet, offering a significant avenue for future income growth. Each existing unit includes a dedicated parking space, with a separate structure in the rear of the property. Ideally situated in the vibrant San Pedro submarket, the property benefits from proximity to the Port of Los Angeles, the revitalized downtown waterfront, and a growing corridor of retail and dining. Continued investment in waterfront amenities, along with proximity to Cabrillo Beach and Los Angeles Harbor College, supports strong and consistent rental demand from a diverse tenant base seeking coastal access at relative affordability within Los Angeles County.
Details
| MLS # | 26862921 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1912 |
| Days On Site | 89 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Jake Glaser |
Features
| Bed(s) | 3 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 3,151 |
| Garage | 3 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | LAR2 |
| Acreage | 0.11 |
Interior
| Cooling | None |
|---|---|
| Cooling Yes / No | No |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Door Multi, Garage |
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | San Pedro |
| Zip Code | 90731 |
| Area | 185 Plaza |
| Listing VS Median (in 90731) | |
Price: $979,000 low | high Med: $1,074,500 sqft: 3,151 low | high Med: 2,880 $ / sqft: $311 low | high Med: $392 On site: 89 low | high Med: 33.5 | |
Market Activity 90731
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | San Pedro |
| Zip Code | 90731 |
| Area | 185 Plaza |
| Listing VS Median (in 90731) | |
Price: $979,000 low | high Med: $1,074,500 sqft: 3,151 low | high Med: 2,880 $ / sqft: $311 low | high Med: $392 On site: 89 low | high Med: 33.5 | |
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