$3,150,000

823 W 25th St San Pedro, CA 90731

Estimated payment $19,259/month

Total Views 7,871
6 Beds
-- Bath
10,370 Sq Ft
$304 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

Located in an elevated section of San Pedro, this multifamily asset enjoys sweeping views of the surrounding area and proximity to major redevelopment initiatives. The property benefits from strong fundamentals and is positioned to capitalize on public and private investments in the area.The property consists of 10 residential units with a well-balanced mix of 1-bedroom, 2-bedroom, and 3-bedroom layouts, catering to a broad tenant demographic. The unit mix offers both affordability and spacious living options, supporting tenant retention and rental upside potential.The property features 10 private garages and 2 open parking spaces, offering ample off-street parking—an attractive amenity in the San Pedro market. Tenants benefit from an on-site coin-operated laundry facility, which also provides supplemental income. Recent capital improvements include a new roof installed in 2024, reducing future maintenance costs, and upgraded stair railings that enhance both safety and curb appeal. These enhancements reflect strong ongoing maintenance and add long-term value to the asset.Proximity to LA Waterfront Revitalization: Situated near the government-backed San Pedro Harbor Redevelopment, including future mixed-use retail, parks, promenade, and tourism-focused infrastructure.Coastal Views & Elevated Topography: Select units may feature harbor views. Higher elevation provides enhanced drainage and long-term structural resilience.Transit & Accessibility: Easy access to freeways, public transportation, and the Vincent Thomas Bridge ensures strong connectivity to Long Beach, South Bay, and Downtown LA.

Listing Agent

Christine Li

Real Broker License #02003306 Listed on: 06/10/2025

Real Broker

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,339

Year Built

  • Built in 1948

Lot Details

  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 10 Car Garage

Interior Spaces

  • 6 Bedrooms
  • 10,370 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Septic Type Unknown

Listing and Financial Details

  • Legal Lot and Block 12 / 19
  • Tax Tract Number 14405
  • Assessor Parcel Number 7463013028
  • $1,489 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 11 Separate Electric Meters
  • 10 Separate Gas Meters
  • 11 Separate Water Meters
  • Electric Expense $9,288
  • Insurance Expense $9,159
  • Professional Management Expense $12,369
  • Trash Expense $6,996
  • Water Sewer Expense $9,288
  • Operating Expense $134,453
  • Gross Income $199,667
  • Net Operating Income $65,214

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,339

Year Built

Built in 1948

Lot Details

0

Parking

10

Listing Details

  • Price Per Unit: 315000
  • Professional Management Expense: 12369.00
  • Property Attached: No
  • Water Sewer Expenses: 9288.00
  • Zoning: LARD2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7463013028
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 303.76

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Total Parking Spaces: 10.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Unknown
  • Trash Expense: 6996.00
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9295.00
  • Lot Size Acres: 0.2134

Multi Family

  • Electric Expense: 9288.00
  • Gross Income: 199667.00
  • Gross Scheduled Income: 199667.00
  • Insurance Expense: 9159.00
  • Lot Size Area: 9295.0000 Square Feet
  • Net Operating Income: 65214.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 11
  • Number Of Units Total: 10
  • Operating Expense: 134453.00
  • Rent Control: Yes
  • Total Expenses: 134453.00

Tax Info

  • Tax Block: 19
  • Tax Census Tract: 2975.02
  • Tax Lot: 12
  • Tax Tract Number: 14405
  • TaxOtherAnnualAssessmentAmount: 1489.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $22,339 $1,772,746 $1,034,103 $738,643
2024 $22,339 $1,737,987 $1,013,827 $724,160
2023 $21,925 $1,703,910 $993,949 $709,961
2022 $20,944 $1,670,501 $974,460 $696,041
2021 $20,649 $1,637,747 $955,353 $682,394
2019 $20,053 $1,589,172 $927,018 $662,154
2018 $19,839 $1,558,013 $908,842 $649,171
2016 $18,861 $1,497,515 $873,551 $623,964
2015 $18,595 $1,475,022 $860,430 $614,592
2014 $18,708 $1,446,129 $843,576 $602,553
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 For Sale $3,150,000 -- $304 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,200,000 American Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $800,000 Commercial
Previous Owner $360,000 Commercial
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25118090

California Regional Multiple Listing Service (CRMLS)

APN: 7463-013-028