Exceptional Investment Opportunity in San Pedro’s Thriving Rental Market-Nestled in the highly desirable Vista Del Oro neighborhood of San Pedro, California, this meticulously maintained five-unit apartment building presents a rare and lucrative investment opportunity. Located on Gaffey Street just south of 22nd, this property benefits from a strong rental demand in one of the most picturesque coastal communities in Southern California. Property Highlights • Five units total, including four spacious 2-bedroom, 1-bath apartments plus a permitted ADU with certificate of occupancy. • Built in 1964, this classic apartment building has been carefully preserved and thoughtfully updated. • All units are separately metered for gas and electricity, offering convenience and cost efficiency. • Stunning harbor views, creating an attractive living environment for tenants. Prime Location & High Demand Rental Market San Pedro’s rental market continues to thrive, offering investors steady income potential. This property is situated near key attractions such as: • Cabrillo Marina – Perfect for boaters and ocean lovers. • Cabrillo Beach – A favorite spot for sun-seekers and outdoor enthusiasts. • Bustling Local Shops, Cafés, and Restaurants – Vibrant coastal living in a growing community. As San Pedro undergoes ongoing redevelopment, including the exciting West Harbor waterfront project, rental properties are becoming even more valuable. The area’s proximity to major freeways, employment centers, and scenic coastal destinations makes this apartment complex an exceptional long-term investment. Why Invest Here? San Pedro’s charm, strong rental demand, and steady appreciation potential make this five-unit building an outstanding addition to any investor’s portfolio. Whether you’re looking to expand your holdings or secure a lucrative rental property in a high-demand location, this is an opportunity you don’t want to miss.
For sale
Listing Provided by:
Frank Ponce DRE #00861049 310-503-4158,
Coldwell Banker Realty,
Jane Angel DRE #01272591 310-292-2290,
Coldwell Banker Realty
$2,600,000
2302 S Gaffey St APT 1, San Pedro, CA 90731
8beds
5baths
4,964sqft
Est.:
Multi Family
Built in 1964
-- sqft lot
$2,494,600 Zestimate®
$524/sqft
$-- HOA
What's special
- 2 days
- on Zillow |
- 56 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: May 05, 2025 at 12:46pm
Listing Provided by:
Frank Ponce DRE #00861049 310-503-4158,
Coldwell Banker Realty,
Jane Angel DRE #01272591 310-292-2290,
Coldwell Banker Realty
Source: CRMLS,MLS#: PV25099370
Originating MLS: California Regional MLS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Rooms
- Room types: All Bedrooms Down, Kitchen, Living Room
Heating
- Wall Furnace
Appliances
- Included: Gas Oven, Gas Range, Refrigerator
- Laundry: Inside
Features
- Balcony
- Flooring: Laminate
- Has basement: No
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,964
- Total interior livable area: 4,964 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Wrought Iron,Fenced
- Has view: Yes
- View description: Harbor, Hills, Marina
- Has water view: Yes
- Water view: Harbor,Marina
Lot
- Size: 5,001 Square Feet
- Features: 0-1 Unit/Acre, Sloped Down
Details
- Parcel number: 7465007001
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Asphalt, Concrete
- Roof: Asphalt
Condition
- Turnkey
- New construction: No
- Year built: 1964
Utilities & green energy
- Electric: 220 Volts
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Biking, Curbs, Fishing, Hiking, Park, Watersports, Sidewalks, Storm Drains, Street Lights
Location
- Region: San Pedro
Financial & listing details
- Price per square foot: $524/sqft
- Tax assessed value: $1,205,798
- Annual tax amount: $15,021
- Date on market: 5/5/2025
- Tenant pays: Cable TV, Electricity, Gas
- Electric utility on property: Yes
- Road surface type: Paved
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