1045-1057 W 7th Street
Rare 8-unit coastal San Pedro multifamily with strong value-add potential
Marketing description
Rare 8-Unit Multifamily Opportunity with 8 Private Garages in Coastal San Pedro!
Introducing 1045-1057 W. 7th Street, a unique 8plex multifamily investment located in the heart of San Pedro, one of Southern California's most undervalued & rapidly evolving coastal communities. This character rich property features an attractive courtyard style freestanding unit layout with individual unit entrances & the highly desirable benefit of eight private single-car garages, + 8 electric meters, providing a valuable amenity rarely found in comparable multifamily assets. Great mix of one-bedroom, two-bedroom, & studio floor plans. Several units have been updated with laminate flooring, modernized bathrooms, & refreshed interior finishes, creating strong tenant appeal while still offering investors meaningful upside potential. With two vacant units currently available for immediate lease-up, investors have the opportunity to increase income through renovation, repositioning, & market-rate leasing strategies. Designed in a bungalow style courtyard configuration, the property delivers a residential feel that sets it apart from traditional apartment buildings. The well-maintained exterior, attractive architecture, & dedicated garage parking contribute to long-term tenant desirability & retention. Strategically located near Downtown San Pedro, the Port of Los Angeles, Cabrillo Marina, & the highly anticipated West Harbor waterfront redevelopment. The property is positioned to benefit from billions of dollars in public & private investment transforming the harbor area. West Harbor is expected to bring new restaurants, retail, entertainment venues, waterfront attractions, & employment opportunities that will further enhance San Pedro's appeal as a destination to live, work, & invest. Residents enjoy convenient access to the Battleship USS Iowa Museum, Cabrillo Beach, San Pedro Arts District, waterfront dining, cruise terminals, & major transportation corridors connecting to Long Beach, the South Bay, & Downtown Los Angeles. As one of the last relatively affordable coastal communities in Los Angeles County, San Pedro continues attracting both residents & investors seeking long-term growth & appreciation potential. Whether you're looking to expand your multifamily portfolio, execute a value-add strategy, or acquire a well-located coastal asset with immediate upside, 1045-1057 W. 7th Street presents a compelling investment opportunity in a market poised for continued growth.
Investment highlights
Rare 8-Unit Multifamily Asset in Coastal San Pedro
An exceptional opportunity to acquire a well-located multifamily apartment building (5+ units) in the rapidly evolving San Pedro submarket, just minutes from the waterfront and the Downtown Arts District.
Strong Unit Mix with Upside Potential
The property features 8 residential units across approximately 5,000+ sq ft, offering a mix that supports stable in-place income with clear potential for rent increases through renovation or repositioning.
Prime Coastal Redevelopment Corridor
Located along West 7th Street, the asset sits near ongoing revitalization efforts including waterfront development, retail expansion, and new residential projects—positioning it for long-term appreciation.
Value-Add Investment Opportunity
With select interior updates already present and additional unit modernization potential, investors can execute a light-to-moderate value-add strategy to improve cash flow and overall asset value.
Strong Walkable Urban Location
Situated in a high walkability neighborhood near restaurants, shops, transit, and the harbor, increasing tenant demand and reducing vacancy risk.
Income-Producing Multifamily Asset Class
Zoned and classified as residential income (multifamily 5+ units)—a desirable asset type for investors seeking scale, stability, and financing flexibility compared to smaller properties.
Limited Supply in Coastal LA Submarket
Multifamily buildings of this size and price point in San Pedro are increasingly scarce, creating strong competition among investors and long-term upside pressure on values.
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