1038 S Walker Ave, San Pedro, CA 90731
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates



1038 S Walker Ave,San Pedro, CA 90731
$2,050,000
- 6 Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:olga wright
Office:lyon stahl investment real estate, inc.
MLS#:SB25175372
Source:SANDICOR
Price summary
- Price:$2,050,000
About this home
Prime Investment Opportunity Built in 1985 Not Subject to LA City Rent Control (Only AB-1482)...Located in the sought-after Vista del Oro neighborhood, 1038 S Walker Ave is a well-maintained multifamily asset offering strong in-place income and substantial upside. The property features ample parking, and includes an additional unpermitted unit that was previously rented and now offers a straightforward ADU conversion opportunity. There's also an attached office/storage space adjacent to the communal laundry area, which presents potential for a second ADU or additional income through rental. The 6,590 SF building sits on a 6,250 SF lot, priced attractively at $311/SF, operating at a 5.07% CAP and 12.28 GRM. The property features a diverse unit mix with one 3-bedroom/3-bath and six 1-bedroom/1-bath units with some units offering private balconies, fireplaces, and exceptional ocean views. A spacious 3-bed, 3-bath townhouse-style unit is ideal for an owner-user or top-market rent. Located in a fast-growing area of San Pedro, fueled by over $500M in waterfront redevelopment and lifestyle improvements slated through 2026, this property is a rare opportunity in a market outperforming neighboring cities in both affordability and returns.
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Home facts
- Listing Id #:SB25175372
- Added:9 day(s) ago
- Updated:August 17, 2025 at 02:19 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:6
Finances and disclosures
- Price:$2,050,000
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