1509 S Palos Verdes Street, San Pedro, CA 90731

About this triplex

Large 1989 construction non-rent controlled (RSO) triplex with all 3 bed, 2 bath units. Each unit has almost 1200 square feet, in unit laundry, modern layouts, and 3 separate 1 car garages. Two out of three units updated in the last 3 years. Very well priced at 11.96X GRM on actuals plus a 26% upside to a GRM of 9.3X and a 6.5% cap rate at market rents. Only 1 block from the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. Close proximity to Downtown San Pedro with art galleries, restaurants, boutiques, and other retail Only a few blocks from Cabrillo Marina and Cabrillo Beach.

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

Sale history

$1,150,000

Sold December 2025 · listed $1,200,000, orig. $1,250,000, on market September 2025 · MLS #SB25234250 · Source: CRMLS

Listing Agent: Anthony Walker · Listing Office: Buckingham Investments, Inc · Contact: 310-561-4776 · Bought with: Marc Habib · Buckingham Investments, Inc

$892,000

Sold February 2017 · listed $899,000, on market December 2016 · MLS #PV16768519 · Source: CRMLS

Listing Agent: Juanita Stucker · Listing Office: RE/MAX Estate Properties · Contact: 310-544-9999 · Bought with: Anthony Walker · Buckingham Investments, Inc.

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