San Pedro, CA 90731 2302 S Gaffey Street 1

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Presented By: Frank Ponce with Coldwell Banker Realty; 310-503-4158
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PV25099370
  • 05/05/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 8
  • Baths • 5
  • SQFT • 4,964
  • Garage • 4

Home Details

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.
Presented By: Frank Ponce with Coldwell Banker Realty; 310-503-4158

Interior Features for 2302 S Gaffey Street 1

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Interior AmenitiesBalcony, AllBedroomsDown
Laundry FeaturesInside
Total Stories2

Other Rooms

Entry Level1

General for 2302 S Gaffey Street 1

AccessibilityNone
Additional Parcels Y/NNo
AppliancesGasOven, GasRange, Refrigerator
Architectural StyleContemporary
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.59
Carport Spaces0.0
Carport Y/NNo
CitySan Pedro
Community FeaturesBiking, Curbs, Fishing, Hiking, Park, StormDrains, StreetLights, Sidewalks, WaterSports
Construction MaterialsAsphalt, Concrete
ContingencyDO NOT walk property and/or disturb tenants. Provide POF and or/letter from lender with offer.
CountyLos Angeles
DirectionsTravelling South on 25th Street, make left on Gaffey Street
ElectricVolts220
Electric On Property Y/NNo
Entry Location1
Expected Active Date 2025-05-05
Garage Spaces4.0
Garage Y/NYes
Gross Income170124.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense1600.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, Contract, Exchange1031
Lot Size Square Feet5001.0
Lot Size UnitsSquareFeet
MLS Area183 - Vista Del Oro
MaintenanceExpense7200.0
MobileHomeRemainsYNNo
Net Operating Income119370.0
New ConstructionNo
Number Of Units Total5
Operating Expense44800.0
Pool FeaturesNone
Property Attached Y/NYes
Property ConditionTurnkey
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofAsphalt
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot1
Tenant PaysCableTv, Electricity, Gas
Trash Expense0.0
Unit Number1
UtilitiesCableConnected, ElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
ViewHarbor, Hills, Marina
Water Sewer Expense3600.0
Waterfront Y/NNo
Year Built1964
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 2302 S Gaffey Street 1

Building Area Total4964.0
Crops Included Y/NNo
FencingWroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, SlopedDown
Lot Size Acres0.1148
Lot Size Area5001.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDoorSingle, Garage
Private PoolNo
Road Surface TypePaved
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,600,000
MLS#PV25099370
List Date 05/05/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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