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$950,000
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Property Description
Exceptional investment opportunity in the heart of San Pedro. This 4-plex is being offered for the first time in over two decades, true long-term ownership pride. Located just minutes from the 22nd Street Marina, 22nd Street Landing, and the rapidly transforming LA Waterfront, this property sits in one of the most desirable and strategically positioned pockets of San Pedro.
The 4-plex consisting of all 1 bedroom/1 bathroom and 3 garages has significant rental upside, making it ideal for value-add investors, 1031 buyers, and owner user wanting to live in one and rent out the other 3 to help pay the mortgage. The surrounding neighborhood is experiencing the highly anticipated West Harbor development a 42-acre waterfront destination slated to open in 2026, complete with a one mile promenade, waterfront dining, entertainment venues, outdoor recreation, and the iconic West Harbor Wheel. This landmark project is expected to elevate the entire San Pedro market and increase demand for nearby housing.
Residents benefit from close proximity to the marina, coastal walking paths, parks, dining, and the charming character that defines this historic hillside community. Easy access to Downtown San Pedro, local boutiques, cultural attractions, and the broader South Bay make this location equally appealing for renters and investors.
A rare chance to acquire a stable asset with incredible future upside in one of LA's fastest-improving waterfront districts. Properties with this combination of location, long-term ownership, and rent-growth potential seldom hit the market. Hurry, you don't want to miss it!!
Full Property Details
Full Property Details for 655 W 22nd
General
- Price: $950,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW25254617
- Updated: 1/6/2026
- Days on Market: 66 days
- Added to Site: 66 day(s) ago
Interior
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Garage Spaces: 3
- Parking Features: Garage
- Parking: Garage
Location
- Area: 181 - Point Fermin
- County: Los Angeles
- Development Name: 181 - Point Fermin
- Driving Directions: S Grand Ave and W. 22nd
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: front gate
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 2,163
- Year Built: 1923
Unit Information
Unit 1
- Number of Units: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Bedrooms: 1
Lot Features
- Property View: None
- Lot Size (Acres): 0.1148
- Lot Size (Sq. Ft.): 5,001
- Lot Size Source: Assessor
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $439.2
- Price Per Unit: 237500
Listed by The Moore Group, Kristina Moore
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Schools
Schools serving 655 W 22nd
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Leland Street Elementary School 2120 S. Leland St., Los Angeles, CA 90731 | K-6 | 0.5 mi |
Richard Henry Dana Middle School, Los Angeles, CA 1501 S. Cabrillo Ave., Los Angeles, CA 90731 | 7-8 | 0.5 mi |
San Pedro Senior High School 1001 W. 15th St., Los Angeles, CA 90731 | 9-12 | 0.6 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 655 W 22nd
Date
Details
Price
Change
Source
11/12/2025
Listed
$950,000
47.29%
MLS
7/27/2004
Sold
$645,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 655 W 22nd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,140
3%
$899,396
4%
2023
$10,800
18%
$864,487
16%
2022
$9,123
-1%
$746,340
—
2021
$9,179
-2%
$746,340
—
2020
$9,361
2%
$746,340
—
2019
$9,169
31%
$746,000
33%
2018
$7,018
-10%
$560,000
-10%
2017
$7,773
31%
$625,000
32%
2016
$5,945
—
$475,000
—
2015
$5,946
-22%
$475,000
-21%
2014
$7,626
21%
$600,000
22%
2013
$6,313
—
$490,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 655 W 22nd
655 W 22nd, San Pedro, CA 90731 (MLS# PW25254617) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 655 W 22nd is currently listed for $950,000 and was received on November 12, 2025. Want to learn more about 655 W 22nd? 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.

