2404 S Carolina St, San Pedro, CA 90731
2404 S Carolina St, San Pedro, CA 90731
2404 S Carolina St, San Pedro, CA 90731
22
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$1,300,000
Est. payment /mo
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8 Beds
4 Baths
3,672 SqFt
New

2404 S Carolina St San Pedro, CA 90731

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INA MEDINA

INA MEDINA

+1(702) 927-0612

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,672 sqft

Price per Sqft $354

MLS Listing ID 26870919

Bedrooms 8

Construction Status Updated/Remodeled, Repairs Major

Year Built 1957

Lot Size 6,092 Sqft

Acres 0.1399

Property Sub-Type Multi-Family

Property Description

We are pleased to present the exclusive offering of 2404 S Carolina St, a well-maintained coastal multifamily investment located in the desirable San Pedro submarket. This exceptional asset represents an attractive opportunity to acquire a 4-unit apartment community in one of Southern California's established coastal rental markets. Originally constructed in 1957, the property consists of approximately 3,672 rentable square feet situated on a 6,092 square foot lot. Residents enjoy ocean views from the property, further enhancing its desirability and tenant appeal. Ideally situated in the Point Fermin neighborhood, the property is near the San Pedro waterfront, Cabrillo Beach, Point Fermin, West Harbor, and a variety of restaurants, retail, and entertainment destinations, offering residents a desirable coastal lifestyle with convenient access to the broader South Bay and Los Angeles markets. Additional amenities include in-unit washers and dryers, four covered parking spaces, and a shared outdoor patio. The property has also benefited from significant recent capital improvements, including a completely repaired foundation, new PEX plumbing throughout the building, five new electrical panels, new exterior paint, and extended gutters. Both upstairs units have been fully renovated, providing a strong foundation for continued property performance. The property is currently operating at a 6.23% capitalization rate and an 11.63 GRM, offering investors an attractive combination of current cash flow and future upside. Additional value-add potential can be realized through renovations to the downstairs units and strategic rent increases, allowing a new owner to enhance rental income and overall property performance. Potential ADU development may provide additional upside, subject to applicable zoning and permitting requirements. Buyer to verify all ADU development potential, requirements, and feasibility. Offered at $1,300,000, 2404 S Carolina St provides investors with an opportunity to acquire a well-maintained coastal multifamily asset at an attractive basis, with a combination of current income, recent capital improvements, and future value-add potential. The property's desirable San Pedro location, ocean views, parking, in-unit laundry, and proximity to ongoing waterfront revitalization position it as an attractive investment opportunity with potential for long-term income growth and appreciation.

Location

State CA

County Los Angeles

Area Point Fermin

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Dryer, Washer, Stackable W/D Hookup, Range/Oven, Dishwasher, Microwave, Refrigerator, Freezer

Laundry Laundry Closet Stacked

Exterior

Parking Features Carport Detached, Driveway, Covered Parking

Garage Spaces 4.0

View Y/N Yes

View Ocean, Coastline

Building

Story 2

Level or Stories Two

Construction Status Updated/Remodeled, Repairs Major

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by BRC Advisors- BH

NEARBY SCHOOL & BUSINESS

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INA MEDINA

INA MEDINA

BROKER - SALESPERSON | RE.BS.0146850

+1(702) 927-0612

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2404 S Carolina St