Refine Search
Map
Sort by
$1,300,000
OC26139968 MLS ⋅ Active Status
A truly rare opportunity to own one of San Pedro's most recognizable mixed-use properties. Located in the desirable Vista Del Oro neighborhood on a 5,004 SF LARD2-zoned lot, this unique property includes the historic Gray School of Music, established in 1950, along with three residential units tucked privately behind the commercial building. A San Pedro institution for over 75 years, the Gray School of Music has taught generations of musicians, including Eddie and Alex Van Halen. The business is included in the sale and is fully turnkey with an established student base of approximately 85-100 students, experienced instructors willing to remain, recurring tuition income, and significant upside for a new owner. The approximately 1,656 SF commercial building features seven teaching rooms, one restroom, reception area, foyer, display cases, and central heating, providing everything needed to continue operations or expand into recording, music production, or other creative ventures. Behind the school are three residential units totaling approximately 1,479 SF. Two charming 1920s bungalow-style 1-bedroom, 1-bath homes offer timeless character, including one beautifully renovated in 2023. The newly completed ADU (2026) features 1 bedroom, 1 bath, laundry hookups, split-system AC, and modern finishes, making it ideal for an owner-user, employee housing, or additional rental income. Separate electric and water meters, shared laundry, private yard areas, four fenced parking spaces with alley access complete the residential setting. Conveniently located across from Leland Elementary School, where the school has traditionally hosted recitals, and just minutes from the rapidly evolving San Pedro Waterfront and West Harbor development, this property offers a rare combination of history, multiple income streams, owner-user flexibility, and long-term investment potential. Financing options are available through lenders experienced with mixed-use and owner-user properties. Call for business details and private showing.

1079 W 22nd, San Pedro
$998,900
PW26132952 MLS ⋅ Active Status
The fundamentals never change. This well-maintained 5-unit apartment building sits in one of San Pedro's fastest-changing corridors, offering investors immediate stability plus real upside. Each of the five units is a private 1-bed/1-bath apartment with its own separate utility meter, keeping management straightforward and turnover simple. A garage on-site adds extra income, currently rented out as storage. The numbers: 5.50% cap rate in place today, with a pro-forma cap rate of 7.42% as below-market units turn over — a path fully supported by California's Costa-Hawkins vacancy decontrol provisions. Location is what sets this property apart. It's minutes from Long Beach's booming Space & Defense corridor, and walking distance to the San Pedro waterfront revitalization, the LA Cruise Hub, and the new West Harbor development. Add the 2028 LA Olympics to the horizon, and this pocket of San Pedro is set up for years of sustained growth. This is a rare opportunity to own five units in a location with this much momentum behind it — and now, at a new price. Bring your investment strategy; the fundamentals are already here

629 W 8th W, San Pedro
$890,000
3 Beds ⋅ 2 Baths ⋅ 26734381 MLS ⋅ Active Status
Welcome to 440 and 442 W. 22nd Street, an ultra-charming classic duplex located in the highly desirable Point Fermin neighborhood of San Pedro, just moments from the Pacific Ocean. This character-rich property offers a rare opportunity to own a coastal asset with both immediate functionality and exceptional upside potential. Each unit features its own laundry, separate gas meter, and individual garage with convenient alley access, providing privacy and convenience for occupants. The property sits within favorable zoning, offering exciting potential for future development or expansion (buyer to verify), making it ideal for investors, developers, or owner-users seeking to live in one unit while generating income from the other. The inviting curb appeal, highlighted by classic architectural details and a welcoming front yard framed by mature landscaping and a palm tree, captures the essence of coastal California living. San Pedro is currently undergoing a major multi-year transformation, highlighted by the $500 million West Harbor waterfront development (expected completion 2026), a premier dining and entertainment destination featuring a large-scale amphitheater, Ferris wheel, and vibrant waterfront attractions. In addition, the "One San Pedro" redevelopment plan is set to introduce over 1,500 new residential units, modern retail, and expanded public spaces, further enhancing the area's growth trajectory and long-term value. Ideally located near Point Fermin Park, Cabrillo Beach, coastal trails, and the evolving waterfront, this property is positioned in the direct path of growth. Vacant coastal duplexes with expansion potential in this location are extremely rare; this is a compelling opportunity for immediate income, redevelopment, and long-term upside.

440 W 22nd Street, San Pedro

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.