Investment opportunity in San Pedro featuring a four-unit property with a versatile unit mix and four private one-car garages. The property includes three 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. The two front units 2038 and 2038 1/2 Alma are single-level 2-bedroom attached residences. The two rear units are 982 W 21st, a 2-bedroom, 1-bathroom unit situated above three of the 1 car garages and 982 1/2 W 21st a 1-bedroom, 1-bathroom unit above a separate one-car garage. The 1 bedroom unit is currently vacant, making it a great option for owner occupied. .With four individual garages and a mix of two- and one-bedroom floor plans, the property offers a solid foundation for an investor looking to improve, reposition, or hold for the long term. The property has some deferred maintenance, presenting an opportunity for a buyer to make improvements and add value over time. Landlord pays water, trash, and sewer. 4 gas and 4 electric meters. Main sewer line replaced in 2025.Unit 2038 Alma was recently updated. Located in San Pedro with convenient access to neighborhood amenities, shopping, dining, transportation routes, and many destinations throughout the Harbor Area. A compelling opportunity for an investor seeking a multi-unit property with parking, functional layouts, and future upside.
For sale
$1,200,000
2038 S Alma St, San Pedro, CA 90731
7beds
4baths
2,608sqft
Multi Family
Built in 1936
-- sqft lot
$1,162,900 Zestimate®
$460/sqft
$-- HOA
What's special
- 9 days
- 326
- 17
Zillow last checked:
Listing updated:
Listed by:
Greg Egemo DRE # 01083554 310-753-5986,
Think Boutiq Real Estate 657-465-5200,
Dublin Wahlberg DRE # 01755663 323-578-1732,
Think Boutiq Real Estate
Source: CLAW,MLS#: 26886629
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
Heating
- Wall
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Range/Oven, Refrigerator
Interior area
- Total structure area: 2,608
- Total interior livable area: 2,608 sqft
Property
Parking
- Total spaces: 4
- Parking features: Attached
- Attached garage spaces: 4
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,504 Square Feet
- Features: Front Yard, Corner Lot
Details
- Additional structures: None
- Parcel number: 7462023006
- Zoning: LARD1.5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1936
Community & HOA
Location
- Region: San Pedro
Financial & listing details
- Price per square foot: $460/sqft
- Tax assessed value: $367,231
- Date on market: 8/28/2026
- Tenant pays: Electricity, Gas
Estimated market value
$1,162,900
$1.10M - $1.22M
$2,601/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2026 | Listed for sale | $1,200,000+421.7%$460/sqft |
Source: | ||
| 6/30/1998 | Sold | $230,000+36.9%$88/sqft |
Source: Public Record Report a problem | ||
| 11/5/1997 | Sold | $168,000$64/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $374,574 +2% |
| 2025 | $4,796 +1.7% | $367,231 +2% |
| 2024 | $4,715 +1.9% | $360,031 +2% |
| 2023 | $4,629 +4.7% | $352,972 +2% |
| 2022 | $4,422 +1.5% | $346,052 +2% |
| 2021 | $4,356 -0.9% | $339,267 +1% |
| 2020 | $4,395 | $335,789 +2% |
| 2019 | $4,395 +5.9% | $329,206 +2% |
| 2018 | $4,151 | $322,752 +2% |
| 2017 | $4,151 +2.2% | $316,424 +2% |
| 2016 | $4,062 +3% | $310,221 +1.5% |
| 2015 | $3,945 +0.4% | $305,562 +2% |
| 2014 | $3,928 | $299,577 +5% |
| 2009 | -- | $285,180 +10.4% |
| 2004 | -- | $258,301 +3.9% |
| 2002 | -- | $248,597 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: San Pedro
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