409 West 22nd presents a terrific opportunity for a discerning investor to acquire eight units in San Pedro. Boasting a strong in-place Cap Rate with projected 22% +-/ rental upside, there are several ways that an investor can tackle this! The units are large for one beds, averaging just over 800 square feet each and most have their own distinct, separate entryways from other units, giving a better sense of privacy for tenants. Several units even have balconies! The property sits on two separate parcels with a large parking area to the rear, for a combined lot square footage of 10,414. Located in the Point Fermin neighborhood, the property is close to Cabrillo Beach and the Marina! The immediate area is filled with many terrific retail and entertainment options as well as basic amenities for tenants to take advantage of. San Pedro is known for it's small town atmosphere and many family-owned businesses, with unique architecture, shops, hotels, restaurants, art galleries, studios, theaters, entertainment and more!
Sold for $1,400,000
$1,400,000
409 W 22nd St, San Pedro, CA 90731
8beds
8baths
6,496sqft
Multi Family
Built in 1921
-- sqft lot
$-- Zestimate®
$216/sqft
$3,030 Estimated rent
Home value
Not available
Estimated sales range
Not available
$3,030/mo
Zestimate® history
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$9,080/mo
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List your homeWhat's special
Distinct separate entrywaysLarge parking area
Zillow last checked:
Listing updated:
Listed by:
Joshua Cohen DRE # 01346713 310-480-2130,
Keller Williams Realty 310-375-3511
Bought with:
Nick Peters, DRE # 00880972
Real Brokerage Technologies
Source: CLAW,MLS#: 25543809
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Heating
- Forced Air
Cooling
- None
Interior area
- Total structure area: 6,496
- Total interior livable area: 6,496 sqft
Property
Parking
- Total spaces: 14
- Parking features: Open
- Uncovered spaces: 14
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,514 Square Feet
Details
- Additional structures: None
- Has additional parcels: Yes
- Parcel number: 7465004014
- Zoning: LARD1.5
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1921
Community & HOA
Location
- Region: San Pedro
Financial & listing details
- Price per square foot: $216/sqft
- Tax assessed value: $1,010,345
- Annual tax amount: $13,259
- Date on market: 5/27/2025
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2025 | Sold | $1,400,000$216/sqft |
Source:  CLAW #25543809 Report a problem | ||
| 6/5/2025 | Pending sale | $1,400,000$216/sqft |
Source: CLAW #25543809 Report a problem | ||
| 5/27/2025 | Listed for sale | $1,400,000$216/sqft |
Source: CLAW #25543809 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,259 +1.7% | $1,010,345 +2% |
| 2024 | $13,038 +1.8% | $990,551 +2% |
| 2023 | $12,803 +4.6% | $971,145 +2% |
| 2022 | $12,241 +1.5% | $952,120 +2% |
| 2021 | $12,065 -0.9% | $933,467 +1% |
| 2020 | $12,175 | $923,905 +2% |
| 2019 | $12,175 +4.8% | $905,805 +2% |
| 2018 | $11,615 | $888,061 +2.1% |
| 2017 | $11,615 +2.4% | $869,865 +2% |
| 2016 | $11,342 +2.8% | $852,809 +1.5% |
| 2015 | $11,032 +47.4% | $840,000 +55.1% |
| 2014 | $7,486 | $541,493 +2.5% |
| 2012 | -- | $528,478 +2% |
| 2011 | -- | $518,117 +0.5% |
| 2009 | -- | $515,469 +2% |
| 2008 | -- | $505,362 +2% |
| 2007 | -- | $495,454 +2% |
| 2006 | -- | $485,740 |
| 2005 | -- | $485,740 +4% |
| 2004 | -- | $466,879 +1.9% |
| 2003 | -- | $458,324 +2% |
| 2002 | -- | $449,339 +4% |
| 2000 | -- | $431,892 |
Find assessor info on the county website
Neighborhood: San Pedro
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Nearby schools
GreatSchools rating
- 6/10Leland Street Elementary SchoolGrades: K-5Distance: 0.8 mi
- 4/10Richard Henry Dana Middle SchoolGrades: 6-8Distance: 0.7 mi
- 7/10San Pedro Senior High SchoolGrades: 9-12Distance: 0.9 mi
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