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935 W 10th St 4 Unit Apartment Building $1,650,000 ($412,500/Unit) 5.57% Cap Rate San Pedro, CA 90731
Investment Highlights
- Huge 5-bed/3-bath owner’s unit fully renovated with high-end finishes — delivered vacant or ready for top market rent
- Offered at $263/RSF, with a 5.57% Cap Rate and 11.83 GRM, delivering above-market returns
- New Roof is being installed as of August 2025 tentative completion September 2025
- Modernized units support premium rents, low maintenance, and include ample parking for each unit
- Prime Vista del Oro location — walkable to shops, dining, top-rated schools, and the $500M waterfront redevelopment
Executive Summary
A Prime Investment Opportunity in San Pedro’s Thriving Market Located in the highly desirable Vista del Oro neighborhood, 935 W 10th St is a well-maintained, value-rich multifamily property offering both income stability and significant upside potential. This 6,276 SF building sits on a 6,075 SF lot and is priced attractively at $263 per square foot, currently operating at a 5.57% CAP RATE and 11.83 GRM.*** Built in 1974 and recently upgraded, the property features renovated interiors and ample covered parking that support premium rents and long-term tenant retention....Expansive 5-bedroom, 3- bathroom owner's unit is occupying the entire top floor. With private entry and high-end finishes throughout, this fully remodeled unit will be delivered vacant — ideal for an owner- user looking to live mortgage-free or for investors seeking maximum rental income. San Pedro’s multi-family sector continues to outpace neighboring markets in both affordability and investor returns. Buyers enjoy stronger yields than those seen in West LA or Long Beach, all while benefiting from a thriving, tight- inventory environment. The area is experiencing robust appreciation, driven by more than $500 million in waterfront redevelopment, major public/private investment, and new lifestyle amenities coming online by 2026. With its remodeled units, strong financials, and unbeatable location, 935 W 10th St presents an exceptional opportunity for buyers seeking reliable cash flow, future upside, and a foothold in one of the most dynamic coastal communities of Southern California.
Virtual Tour: https://my.matterport.com/show/?m=ENLzDLNAvTJ&mls=1
Virtual Tour: https://my.matterport.com/show/?m=ENLzDLNAvTJ&mls=1
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$139,428
|
$22.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,971
|
$1.11
|
| Effective Gross Income |
$132,457
|
$21.11
|
| Taxes |
$20,625
|
$3.29
|
| Operating Expenses |
$19,864
|
$3.17
|
| Total Expenses |
$40,489
|
$6.45
|
| Net Operating Income |
$91,968
|
$14.65
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $139,428 |
| Annual Per SF | $22.22 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,971 |
| Annual Per SF | $1.11 |
| Effective Gross Income | |
|---|---|
| Annual | $132,457 |
| Annual Per SF | $21.11 |
| Taxes | |
|---|---|
| Annual | $20,625 |
| Annual Per SF | $3.29 |
| Operating Expenses | |
|---|---|
| Annual | $19,864 |
| Annual Per SF | $3.17 |
| Total Expenses | |
|---|---|
| Annual | $40,489 |
| Annual Per SF | $6.45 |
| Net Operating Income | |
|---|---|
| Annual | $91,968 |
| Annual Per SF | $14.65 |
Property Facts Under Contract
| Price | $1,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $412,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.57% | Building Size | 6,276 SF |
| Gross Rent Multiplier | 11.83 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1974 |
| Property Type | Multifamily | Parking Ratio | 1.43/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD2 - restricted Density Multiple Dwelling | ||
| Price | $1,650,000 |
| Price Per Unit | $412,500 |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| Gross Rent Multiplier | 11.83 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 6,276 SF |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 1.43/1,000 SF |
| Zoning | LARD2 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Balcony
- Heating
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+3 | 1 | $4,500 | 1 |
| 2+2 | 2 | $2,157 | 1 |
| 1+1 | 1 | $1,575 | 1 |
1 1
Walk Score®
Very Walkable (82)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 7458-012-017 | Total Assessment | $1,218,608 (2025) |
| Land Assessment | $522,260 (2025) | Annual Taxes | $20,625 ($3.29/SF) |
| Improvements Assessment | $696,348 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
7458-012-017
Land Assessment
$522,260 (2025)
Improvements Assessment
$696,348 (2025)
Total Assessment
$1,218,608 (2025)
Annual Taxes
$20,625 ($3.29/SF)
Tax Year
2024
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