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Off market
  • Listing Provided by: 
    $2,510,400

    2302 S Gaffey St APT 1, San Pedro, CA 90731

    --beds
    --baths
    4,964sqft
    Multi Family
    Built in 1964
    -- sqft lot
    $2,510,400 Zestimate®
    $506/sqft
    $3,086 Estimated rent

    What's special

    Exceptional Investment Opportunity in San Pedro’s Thriving Rental Market-Nestled in the Point Fermin neighborhood of San Pedro, California, this meticulously maintained five-unit apartment building presents a rare and lucrative investment opportunity. Located on Gaffey Street just south of 22nd, this property benefits from a strong rental demand in one of the most picturesque coastal communities in Southern California. Property Highlights • Five units total, including four spacious 2-bedroom, 1-bath apartments plus a permitted ADU with certificate of occupancy. • Built in 1964, this classic apartment building has been carefully preserved and thoughtfully updated. • All units are separately metered for gas and electricity, offering convenience and cost efficiency. • Stunning harbor views, creating an attractive living environment for tenants. Prime Location & High Demand Rental Market San Pedro’s rental market continues to thrive, offering investors steady income potential. This property is situated near key attractions such as: • Cabrillo Marina – Perfect for boaters and ocean lovers. • Cabrillo Beach – A favorite spot for sun-seekers and outdoor enthusiasts. • Bustling Local Shops, Cafés, and Restaurants – Vibrant coastal living in a growing community. As San Pedro undergoes ongoing redevelopment, including the exciting West Harbor waterfront project, rental properties are becoming even more valuable. The area’s proximity to major freeways, employment centers, and scenic coastal destinations makes this apartment complex an exceptional long-term investment. Why Invest Here? San Pedro’s charm, strong rental demand, and steady appreciation potential make this five-unit building an outstanding addition to any investor’s portfolio. Whether you’re looking to expand your holdings or secure a lucrative rental property in a high-demand location, this is an opportunity you don’t want to miss.

    Zillow last checked: 7 hours ago

    Listing updated: May 31, 2025 at 05:36pm

    Source: CRMLS,MLS#: PV25099370MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Heating
    • Wall Furnace
    Appliances
    • Included: Gas Oven, Gas Range, Refrigerator
    • Laundry: Inside
    Features
    • Balcony, All Bedrooms Down
    • Flooring: Laminate
    • Has fireplace: No
    • Fireplace features: None
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 4,964
    • Total interior livable area: 4,964 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Door-Single, Garage
    • Garage spaces: 4
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    • Spa features: None
    • Fencing: Wrought Iron
    • Has view: Yes
    • View description: Harbor, Hills, Marina
    • Has water view: Yes
    • Water view: Harbor,Marina
    Lot
    • Size: 5,001 sqft
    • Features: 0-1 Unit/Acre, Sloped Down
    Details
    • Parcel number: 7465007001
    • Zoning: LARD1.5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Asphalt, Concrete
    • Roof: Asphalt
    Condition
    • Turnkey
    • New construction: No
    • Year built: 1964

    Utilities & green energy

    • Electric: 220 Volts
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

    Community & neighborhood

    Community
    • Community features: Biking, Curbs, Fishing, Hiking, Park, Storm Drain(s), Street Lights, Sidewalks, Water Sports
    Location
    • Region: San Pedro

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,Conventional,Contract,1031 Exchange
    • Road surface type: Paved
    Services availability
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    Estimated market value

    $2,510,400