Listed by Palm Realty Boutique
$1,399,000
1054 W 23rd
Details
APN 7463001019
Property Type Multifamily
Sub Type Apartment Building
Units 4
Cap Rate 5.43%
Buildings 2
Stories 2
Acreage 0.115
Zoning Public Rec
Multifamily | 5.43% CAP | 4 Units
Marketing description
ASSUMABLE MORTGAGE 4.75%. Four-unit income property with upside in a rapidly improving San Pedro pocket. The property consists of a 2-bed/1-bath front house and three renovated 1-bed/1-bath units in the rear. Over $150,000 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 upgraded drainage system. Located minutes from the $100M+ West Harbor waterfront redevelopment, positioning the property for long-term appreciation and rental demand. Strong unit mix, major systems updated, and minimal deferred maintenance. Ideal for investors seeking stabilized income with future upside in one of San Pedros most active redevelopment zones.
Listing Contacts
Listed by Palm Realty Boutique
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