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Royal Hotel 238 W 10th St 20 Room Hotel San Pedro, CA 90731 $2,199,999 ($110,000/Room)
Investment Highlights
- Steps from the $150M West Harbor waterfront development and downtown San Pedro revitalization.
- Modern LVP flooring, updated common areas, and refreshed unit interiors.
- Minutes from the Port of Los Angeles, the busiest container port in North America.
- Significant potential through lease-up of vacant units at market rents.
- Strong demand from port workers and maritime industry.
Executive Summary
Just Reduce by $200,000!!
The Royal Hotel presents a rare opportunity to acquire a 20-unit SRO property in Downtown San Pedro, located steps from the $150M West Harbor waterfront redevelopment. This transforming coastal submarket offers investors immediate income with strong value-add upside through lease-up and operational improvements.
Ownership has completed significant capital improvements, including a full electrical and plumbing upgrade (2018), new roof (2023), and new exterior metal staircase (2023). Interiors feature LVP flooring, fresh paint, furnished units with mini-fridge and TV, and renovated shared bathrooms. All utilities are included in rent, simplifying operations and supporting strong tenant demand.
The property benefits from proximity to major economic drivers, including the Port of Los Angeles, the World Cruise Center, and the upcoming West Harbor waterfront development, which will add 42 acres of restaurants, retail, entertainment, and public promenade.
With limited SRO inventory, strong workforce housing demand, and high barriers to entry, The Royal Hotel offers investors cash flow, value-add potential, and long-term appreciation in one of Southern California’s fastest-growing waterfront markets.
The Royal Hotel presents a rare opportunity to acquire a 20-unit SRO property in Downtown San Pedro, located steps from the $150M West Harbor waterfront redevelopment. This transforming coastal submarket offers investors immediate income with strong value-add upside through lease-up and operational improvements.
Ownership has completed significant capital improvements, including a full electrical and plumbing upgrade (2018), new roof (2023), and new exterior metal staircase (2023). Interiors feature LVP flooring, fresh paint, furnished units with mini-fridge and TV, and renovated shared bathrooms. All utilities are included in rent, simplifying operations and supporting strong tenant demand.
The property benefits from proximity to major economic drivers, including the Port of Los Angeles, the World Cruise Center, and the upcoming West Harbor waterfront development, which will add 42 acres of restaurants, retail, entertainment, and public promenade.
With limited SRO inventory, strong workforce housing demand, and high barriers to entry, The Royal Hotel offers investors cash flow, value-add potential, and long-term appreciation in one of Southern California’s fastest-growing waterfront markets.
Property Facts
Amenities
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 20 | $77.00 | - |
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (88)
Property Taxes
| Parcel Number | 7455-024-017 | Improvements Assessment | $455,130 |
| Land Assessment | $711,140 | Total Assessment | $1,166,270 |
Property Taxes
Parcel Number
7455-024-017
Land Assessment
$711,140
Improvements Assessment
$455,130
Total Assessment
$1,166,270
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Royal Hotel | 238 W 10th St
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