San Pedro (los Angeles), CA 90731,1509 S Palos Verdes Street
Listed by Anthony Walker • Buckingham Investments, Inc
Bought with Marc Habib • Buckingham Investments, Inc
$1,150,000
$1,200,000
4.2%
Est.Price: ?

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3,556 SqFt

1509 S Palos Verdes Street San Pedro (los Angeles), CA 90731

Est. payment /mo
SOLD DATE : 12/18/2025

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Key Details

Sold Price $1,150,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,556 sqft

Price per Sqft $323

MLS Listing ID CRSB25234250

Year Built 1989

Lot Size 4,502 Sqft

Property Sub-Type Triplex

Property Description

Large 1989 construction non-rent controlled (RSO) triplex with all 3 bed, 2 bath units. Each unit has almost 1200 square feet, in unit laundry, modern layouts, and 3 separate 1 car garages. Two out of three units updated in the last 3 years. Very well priced at 11.96X GRM on actuals plus a 26% upside to a GRM of 9.3X and a 6.5% cap rate at market rents. Only 1 block 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. Close proximity to Downtown San Pedro with art galleries, restaurants, boutiques, and other retail Only a few blocks from Cabrillo Marina and Cabrillo Beach.

Location

State CA

County Los Angeles

Interior

Laundry No Hookups

Exterior

View None

Building

Lot Description Other

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Bay East Association of Realtors

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Peter Cheung

Peter Cheung

Realtor | CA BRE#: 02070039

+1(510) 387-3876

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