$1,600,000
SOLD JUL 16, 2025

675 W 11th St San Pedro, CA 90731

4 Beds
10 Baths
6,992 Sq Ft
6,753 Sq Ft Lot

Recently Sold

$229 Per Sq Ft

30% Below List Price

215 Days on Market

About This Home

As of July 2025

Fantastic opportunity to own an 11 unit building, located in the heart of San Pedro! The set up includes One - 2 bedroom unit, Two - 1 bedroom units, and Eight - studio units, plus includes community laundry. This is a very low maintenance building, Landlord pays all utilities. There are 6 vacant garages in the back not currently rented. Capitalize on the upside for rent increase potential in this appreciating San Pedro market. Walking distance to the new San Pedro waterfront development, West Harbor. West Harbor is an over $150-million dollar redevelopment of the San Pedro water front and will feature 42 acres of restaurants, shopping, fresh markets, office space, and a waterfront promenade with an open-air amphitheater for live entertainment. Attractive opportunity to acquire this 11-unit asset in an appreciating market, driven by ongoing San Pedro developments.

Last Agent to Sell the Property

Nicole Pletkovich

Keller Williams Realty Brokerage Phone: 424-558-0476 License #02015236 Listed on: 10/15/2024

Keller Williams Realty

Co-Listed By

Gordon Inman

Keller Williams Realty Brokerage Phone: 424-558-0476 License #00446156

Last Buyer's Agent

Olga Wright

Lyon Stahl Investment Real Estate, Inc. License #01315042

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1924

Lot Details

  • 6,753 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 6,992 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 10 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 3 / 10
  • Assessor Parcel Number 7454018003

Community Details

Building Details

  • 11 Leased Units
  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,699
  • Fuel Expense $779
  • Gardener Expense $385
  • Insurance Expense $12,900
  • Pest Control $450
  • Professional Management Expense $5,239
  • Trash Expense $2,138
  • Water Sewer Expense $3,321
  • New Taxes Expense $16,237
  • Operating Expense $54,273
  • Gross Income $161,436
  • Net Operating Income $107,163

Additional Features

  • 11 Units
  • Laundry Facilities

Property Details

Home Type

Apartment

Year Built

Built in 1924

Lot Details

0

Parking

6

Listing Details

  • CapRate: 5.30
  • Professional Management Expense: 5239.00
  • Property Attached: No
  • Water Sewer Expenses: 3321.00
  • Zoning: LARD1.5
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 385.00
  • Parcel Number: 7454018003
  • Year Built: 1924
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 228.83

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 450.00
  • Sewer: Public Sewer
  • Trash Expense: 2138.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 6753.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: None

Multi Family

  • Electric Expense: 4699.00
  • Fuel Expense: 779.00
  • Gross Income: 161436.00
  • Gross Multiplier: 12.00
  • Gross Scheduled Income: 161436.00
  • Insurance Expense: 12900.00
  • Laundry Income: 285.00
  • Lot Size Area: 6753.0000 Square Feet
  • Net Operating Income: 107163.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 11
  • Number Of Units Total: 11
  • Operating Expense: 54273.00
  • Rent Control: Yes
  • Total Actual Rent: 13453.00
  • Total Expenses: 54273.00

Tax Info

  • New Taxes Expense: 16237.00
  • Tax Block: 10
  • Tax Census Tract: 2969.02
  • Tax Lot: 3
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2025 07/16/25 Sold $1,600,000 -19.4% $229 / Sq Ft
05/18/2025 05/18/25 Pending -- -- --
01/14/2025 01/14/25 Price Changed $1,985,000 -13.7% $284 / Sq Ft
10/15/2024 10/15/24 For Sale $2,299,000 -- $329 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,715 $126,691 $30,119 $96,572
2024 $2,715 $124,208 $29,529 $94,679
2023 $2,685 $121,773 $28,950 $92,823
2022 $2,604 $119,386 $28,383 $91,003
2021 $2,535 $117,046 $27,827 $89,219
2019 $2,486 $114,776 $27,002 $87,774
2018 $2,381 $112,550 $26,473 $86,077
2017 $2,303 $109,167 $25,954 $83,213
2016 $2,171 $107,028 $25,446 $81,582
2015 $2,153 $105,421 $25,064 $80,357
2014 $2,188 $103,357 $24,574 $78,783
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV24210944

California Regional Multiple Listing Service (CRMLS)