823 W 25th St San Pedro, CA 90731
Estimated payment $19,259/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
06/10/2025 06/10/25 | For Sale | $3,150,000 | -- | $304 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Grant Deed | $1,200,000 | American Title Co |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $800,000 | Commercial | |
Previous Owner | $360,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25118090

APN: 7463-013-028
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