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$1,995,000 - 537 10 Street, San Pedro

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6Beds
3Baths
0SQ. Feet
0.31Acres

537 W 10th St presents an exceptional investment opportunity with development potential in the heart of San Pedro. Currently comprised of a triplex alongside an adjacent lot, the property comes with Ready-to-Issue (RTI) plans for the construction of an additional 9 units, promising significant upside in rental income. The existing triplex features (3) 2-bedroom/1-bathroom units, while the proposed construction will introduce (6) brand new 2-bedroom/2.5-bathroom units alongside (3) 1-bedroom/1-bathroom Accessory Dwelling Units (ADUs) through garage conversions. With a total lot size of 13,505 square feet, comprising 2,932 square feet for the existing triplex and an additional 7,544 square feet for the proposed construction, this property offers a great opportunity for any developer. Nestled in San Pedro, within walking distance of vibrant retail and dining on 7th Street - including multiple breweries and highly rated restaurants - and conveniently situated between popular locales like Long Beach and Rancho Palos Verdes, 537 W 10th Street resides in a promising market for investors and developers alike. With a mix of existing units and planned new construction, it offers a lucrative opportunity to capitalize on development potential and maximize returns.

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Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228

Essential Information

MLS® #:PW24066643
Price:$1,995,000
Bedrooms:6
Bathrooms:3.00
Acres:0.31
Year Built:1964
Type:Residential Income
Sub-Type:Mixed Use
Status:Active
Listing Agent:Woody Stahl
Listing Office:Lyon Stahl Investment Real Est

Community Information

Address:537 10 Street
Area:185 - Plaza
City:San Pedro
County:Los Angeles
Zip Code:90731

Amenities

Parking Spaces:3
# of Garages:3
Pool:None

Interior

# of Stories:2

Exterior

Lot Description:2-5 Units/Acre

Additional Information

Date Listed:April 4th, 2024
Days on Market:29

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Based on information from California Regional Multiple Listing Service, Inc. as of May 3rd, 2024 at 4:55am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.