2424 S Leland Street, San Pedro, CA 90731

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
2424 S Leland Street,San Pedro, CA 90731
$5,295,000
  • 29 Beds
  • 21 Baths
  • 18,084 sq. ft.
  • Multi-family
  • Active
Listed by:joshua cohen
Office:keller williams realty
MLS#:25612551
Source:CRMLS

Price summary

  • Price:$5,295,000
  • Price per sq. ft.:$292.8

About this home

2424 S. Leland Street is a 21-unit multifamily asset that exemplifies bothstability and upside potential in today's dynamic market. Built in 1980 and governed solely by California's statewide rent control law (AB 1482), this property delivers robust in-place cash flow, underscored by a compelling 6.40% capitalization rate and a 9.52 gross rent multiplier metrics that position it as a standout value among comparable offerings. The building features a well-balanced unit mix of six spacious two-bedroom apartments and fifteen thoughtfully designed one-bedroom residences. Each unit is bathed in natural light and benefits from refreshing ocean breezes, creating an inviting living environment that enhances tenant satisfaction and retention. Recent capital improvements totaling over $150,000 have further elevated the property's appeal and structural integrity. Notable upgrades include abrand-new roof that ensures long-term durability, and a beautifully renovated patio a tranquil, tastefully

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Home facts

  • Year built:1980
  • Listing ID #:25612551
  • Added:1 day(s) ago
  • Updated:October 30, 2025 at 01:24 PM

Rooms and interior

  • Bedrooms:29
  • Total bathrooms:21
  • Living area:18,084 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1980
  • Building area:18,084 sq. ft.
  • Lot area:0.31 Acres

Finances and disclosures

  • Price:$5,295,000
  • Price per sq. ft.:$292.8
Based on information from California Regional Multiple Listing Service, Inc. as of October 30, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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