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$1,400,000
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Property Description
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!
Full Property Details
Full Property Details for 409 W 22nd St
General
- Sold For: $1,400,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25543809
- Added to Site: 234 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 8
Bedrooms
- Total Bedrooms: 8
Additional Information
- Other Features: None
Parking
- Garage Description: Uncovered
Location
- Area: Point Fermin
- County: Los Angeles
- Driving Directions: Corner of W 22nd and S Mesa
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Structural Information
- # Buildings: 2
- Stories/Levels: 2
- Square Feet: 6,496
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1921
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 8
- Unit Type: 2106
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1266
- Lot Size: 5513
- Lot Size Source: Vendor Enhanced
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $215.52
- Assessment Year: 1921
Disclosures and Reports
- Disclosures/Reports: None
- APN: 7465-004-014
Listed by Keller Williams Realty, Joshua Cohen
Sold by Real Brokerage Technologies, Nick Peters
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Schools
Schools serving 409 W 22nd St
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Leland Street Elementary School 2120 S. Leland St., Los Angeles, CA 90731 | K-6 | 0.9 mi |
Richard Henry Dana Middle School, Los Angeles, CA 1501 S. Cabrillo Ave., Los Angeles, CA 90731 | 7-8 | 0.7 mi |
San Pedro Senior High School 1001 W. 15th St., Los Angeles, CA 90731 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 409 W 22nd St
Date
Details
Price
Change
Source
8/25/2025
Sold
$1,400,000
—
MLS
5/27/2025
Listed
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
409 W 22nd St, San Pedro, CA 90731 (MLS# 25543809) is a Multi-Family property that was sold at $1,400,000 on August 25, 2025. Want to learn more about 409 W 22nd St? Do you have questions about finding other Multi-Family real estate for sale in San Pedro? You can browse all San Pedro real estate or contact a Coldwell Banker agent to request more information.

