Jeremiah Moersch REALTOR®
Office: 760-533-2540
537 10 Street, San Pedro
$1,995,000
Click the arrows next to the image to browse our photo gallery for this property.
6 Beds
3 Baths
.31 Acre
3 Garages
537 W 10th St presents an exceptional investment opportunity with development potential in the heart of San Pedro. Currently comprised of a triplex alongside an adjacent lot, the property comes with Ready-to-Issue (RTI) plans for the construction of an additional 9 units, promising significant upside in rental income.
The existing triplex features (3) 2-bedroom/1-bathroom units, while the proposed construction will introduce (6) brand new 2-bedroom/2.5-bathroom units alongside (3) 1-bedroom/1-bathroom Accessory Dwelling Units (ADUs) through garage conversions. With a total lot size of 13,505 square feet, comprising 2,932 square feet for the existing triplex and an additional 7,544 square feet for the proposed construction, this property offers a great opportunity for any developer.
Nestled in San Pedro, within walking distance of vibrant retail and dining on 7th Street - including multiple breweries and highly rated restaurants - and conveniently situated between popular locales like Long Beach and Rancho Palos Verdes, 537 W 10th Street resides in a promising market for investors and developers alike. With a mix of existing units and planned new construction, it offers a lucrative opportunity to capitalize on development potential and maximize returns.
Essential Information
- MLS® #
- PW24066643
- Price
- $1,995,000
- Bedrooms
- 6
- Bathrooms
- 3.00
- Acres
- 0.31
- Year Built
- 1964
- Type
- Residential Income
- Sub-Type
- Mixed Use
- Status
- Active
Community Information
- Address
- 537 10 Street
- Area
- 185 - Plaza
- City
- San Pedro
- County
- Los Angeles
- Zip Code
- 90731
- Community Features
- Biking
- Senior Community
- N
Amenities
- Parking Spaces
- 3
- # of Garages
- 3
- Pool
- None
Interior
- # of Stories
- 2
Exterior
- Lot Description
- 2-5 Units/Acre
Additional Information
- Date Listed
- April 4th, 2024
- Days on Market
- 41
Listing Details
- Agent
- Woody Stahl
- Office
- Lyon Stahl Investment Real Est
Property History
Price Reduced from $2,199,999 to $1,995,000
LISTING MAP
Based on information from California Regional Multiple Listing Service, Inc. as of May 15th, 2024 at 3:15pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.