918 S Cabrillo Ave, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$2,497,000
918 S Cabrillo Ave, San Pedro, California 90731
0Bed
0Bath
7,598Sqft
8,354Lot
Year Built
1964
Close
-
List price
$2.5M
Original List price
$2.59M
Price/Sqft
$329
HOA
-
Days on market
-
Sold On
-
MLS number
SB25164590
Home ConditionGood
Features
Good View:
View-
About this home
We found 3 Cons,6 Pros.
Beautiful Pride-of-Ownership Property in PRIME Location! Charming courtyard-style apartment complex with 6 spacious one-bedroom units, 2 two-bedroom units, and a long-term commercial tenant occupying 4 spaces facing 9th Street (lease secured through April 2030)... Extensively upgraded with a new roof, main drain, garage doors, exterior paint, and renovated units. Soft-story retrofit completed. Includes 7 private garages, additional on-site parking, and extra income from laundry and garage rentals. Offered at an attractive 11.9 GRM and 5.6% Cap Rate on current income, with significant rental upside.*** Qualifies for favorable multifamily financing — a turnkey investment opportunity! SEE SUPPLEMENTS FOR OFFERING MEMORANDUM AND RENT-ROLL
Nearby schools
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.1mi
5/10
Fifteenth Street Elementary School
Public,•K-5•0.6mi
5/10
Bandini Street Elementary School
Public,•K-6•0.8mi
2/10
Barton Hill Elementary School
Public,•K-6•0.8mi
5/10
Leland Street Elementary School
Public,•K-6•0.8mi
4/10
Seventh Street Elementary School
Public,•K-5•1.0mi
9/10
Park Western Place Elementary School
Public,•K-5•1.3mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.4mi
7/10
White Point Elementary School
Public,•K-6•1.6mi
9/10
Taper Avenue Elementary School
Public,•K-5•1.8mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•1.9mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.3mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•2.9mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.8mi
6/10
Harbor City Elementary School
Public,•K-5•4.0mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.4mi
8/10
Miraleste Intermediate School
Public,•6-8•2.2mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.4mi
6/10
Alexander Fleming Middle School
Public,•6-8•4.1mi
4/10
Hudson K-8
Public,•K-8•6.1mi
6/10
San Pedro Senior High School
Public,•9-12•0.5mi
5/10
Phineas Banning Senior High School
Public,•9-12•4.5mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•4.8mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•5.5mi
3/10
Cabrillo High School
Public,•9-12•6.0mi
8/10
Palos Verdes High School
Public,•9-12•7.9mi
Price History
Date
Event
Price
11/19/25
Price Change
$2,497,000-3.2%
11/05/25
Price Change
$2,580,000-0.4%
07/30/25
$2,590,000
08/23/18
Sold
$1,950,000
01/27/03
Sold
$1,030,000
04/19/01
Sold
$650,000
Condition Rating
Good
The property, built in 1964, has undergone extensive upgrades including a new roof, main drain, exterior paint, and a soft-story retrofit, indicating significant investment in its structural integrity and exterior appearance. The description also states 'renovated units,' which implies updated interiors, including kitchens and bathrooms, making them move-in ready. While no interior photos are provided to assess the specific style and features of the kitchens and bathrooms, the comprehensive nature of the renovations suggests they are well-maintained and updated, aligning with the 'Good' criteria for properties extensively renovated within the last 5-15 years. The exterior images support a well-kept and recently refreshed appearance. The age of the original construction prevents an 'Excellent' rating without explicit confirmation of a full, virtually new interior renovation.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Prime Location: The property is situated in a 'PRIME Location' in San Pedro, which typically translates to strong tenant demand and potential for appreciation.
Diversified Income Streams: Features a mixed-use setup with 8 residential units (6 one-bedroom, 2 two-bedroom) and 4 commercial spaces, plus additional income from laundry and garage rentals, providing a robust and diversified revenue model.
Extensive Recent Upgrades & Structural Integrity: Benefited from extensive upgrades including a new roof, main drain, garage doors, exterior paint, renovated units, and a completed soft-story retrofit, significantly reducing immediate capital expenditure for a new owner.
Strong Financial Performance & Upside Potential: Offered at an attractive 11.9 GRM and 5.6% Cap Rate on current income, with significant rental upside potential, making it a compelling investment opportunity that also qualifies for favorable multifamily financing.
Stable Commercial Tenancy & Ample Parking: Includes a long-term commercial tenant with a lease secured through April 2030, providing stable income, complemented by 7 private garages and additional on-site parking for convenience.
Cons
Recent Price Reductions: The property has undergone multiple price reductions from its original listing, which may indicate initial overpricing or market resistance, potentially leading to a longer sales cycle.
Age of Property: Built in 1964, despite recent extensive upgrades, the inherent age of the building could still lead to higher long-term maintenance costs for systems not explicitly mentioned as replaced or upgraded.
Concentration Risk with Commercial Tenant: While the long-term commercial lease is a strength, the tenant occupies 4 spaces; a future vacancy or non-renewal could significantly impact the property's overall income and valuation.