1023 W 24th St 6 Unit Apartment Building $1,250,000 ($208,333/Unit) 5.26% Cap Rate San Pedro, CA 90731

Kingside Investment Group is proud to present 1023 W. 24th Street in San Pedro, a multifamily investment opportunity located in one of the fastest-improving coastal submarkets in Los Angeles. The property benefits from close proximity to the Port of Los Angeles, the transformative West Harbor redevelopment, and several employment hubs that continue to drive strong rental demand. Additionally, the property includes four (4) currently unrented garages that present a compelling opportunity for ADU conversion (buyer to verify) or can be leased separately to generate additional income.
The property presents a compelling value-add opportunity through strategic renovations, operational efficiencies, and future rent growth potential. Tenant appeal is enhanced by more than one parking space per unit, while several units feature private exterior balconies that add lifestyle appeal and improve overall marketability.
Overall, the property offers investors the opportunity to acquire a well-located multifamily asset with a combination of current income stability and meaningful upside potential. The asset is being offered by a family trust that has maintained ownership for more than 20 years and is motivated to distribute the equity, creating a rare opportunity to acquire a long-held investment property in an increasingly desirable coastal market.