1038 S Walker Ave, San Pedro, CA 90731

About this property

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.

Listing description from the October 2025 sale, as reported to CRMLS.

Sale history

$1,925,000

Sold October 2025 · listed $2,050,000, on market August 2025 · MLS #SB25175372 · Source: CRMLS

Listing Agent: Olga Wright · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-801-7373 · Bought with: Olga Wright · Lyon Stahl Investment Real Estate, Inc.

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