2404 S Carolina Street, San Pedro, CA 90731
Local realty services provided by:CENTURY 21 Fort Bragg Realty
2404 S Carolina Street,San Pedro, CA 90731
$1,300,000
- 8 Beds
- 4 Baths
- 3,672 sq. ft.
- Multi-family
- Active
Listed by: john katnik, maxwell forester
Office: brc advisors- bh
MLS#:26870919
Source:CRMLS
Price summary
- Price:$1,300,000
- Price per sq. ft.:$354.03
About this home
We are pleased to present the exclusive offering of 2404 S Carolina St, a well-maintained coastal multifamily investment located in the desirable San Pedro submarket. This exceptional asset represents an attractive opportunity to acquire a 4-unit apartment community in one of Southern California's established coastal rental markets. Originally constructed in 1957, the property consists of approximately 3,672 rentable square feet situated on a 6,092 square foot lot. Residents enjoy ocean views from the property, further enhancing its desirability and tenant appeal. Ideally situated in the Point Fermin neighborhood, the property is near the San Pedro waterfront, Cabrillo Beach, Point Fermin, West Harbor, and a variety of restaurants, retail, and entertainment destinations, offering residents a desirable coastal lifestyle with convenient access to the broader South Bay and Los Angeles markets. Additional amenities include in-unit washers and dryers, four covered parking spaces, and a shared outdoor patio. The property has also benefited from significant recent capital improvements, including a completely repaired foundation, new PEX plumbing throughout the building, five new electrical panels, new exterior paint, and extended gutters. Both upstairs units have been fully renovated, providing a strong foundation for continued property performance. The property is currently operating at a 6.23% capitalization rate and an 11.63 GRM, offering investors an attractive combination of current cash flow and future upside. Additional value-add potential can be realized through renovations to the downstairs units and strategic rent increases, allowing a new owner to enhance rental income and overall property performance. Potential ADU development may provide additional upside, subject to applicable zoning and permitting requirements. Buyer to verify all ADU development potential, requirements, and feasibility. Offered at $1,300,000, 2404 S Carolina St provides investors with an opportunity to acquire a well-maintained coastal multifamily asset at an attractive basis, with a combination of current income, recent capital improvements, and future value-add potential. The property's desirable San Pedro location, ocean views, parking, in-unit laundry, and proximity to ongoing waterfront revitalization position it as an attractive investment opportunity with potential for long-term income growth and appreciation....
Contact an agent
Home facts
- Year built:1957
- Listing ID #:26870919
- Added:1 day(s) ago
- Updated:August 12, 2026 at 06:45 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Kitchen Description:Dishwasher, Microwave, Refrigerator
- Living area:3,672 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1957
- Building area:3,672 sq. ft.
- Lot area:0.14 Acres
- Exterior Features:Open, Patio
- Levels:2 Story
Finances and disclosures
- Price:$1,300,000
- Price per sq. ft.:$354.03
Features and amenities
- Appliances:Dishwasher, Dryer, Washer
- Laundry features:Dryer, Stacked, Washer
Parking
- Total parking spaces:4
- Parking description:Covered, Detached Carport, Driveway
New listings near 2404 S Carolina Street
- Coming Soon
$540,000Coming Soon2 beds 2 baths28004 S Western Avenue #220, San Pedro, CA 90732
MLS# TR26171637Listed by: AACE FINANCIAL SERVICES - New
$1,799,000Active4 beds 4 baths3,318 sq. ft.1102 W 6th, San Pedro, CA 90731
MLS# MB26175804Listed by: EXCELLENCE RE REAL ESTATE - New
$419,000Active2 beds 2 baths1,107 sq. ft.332 S Miraleste Drive #235, Los Angeles, CA 90732
MLS# 26871055Listed by: JASON MITCHELL REAL ESTATE CA - Open Fri, 4:30 to 7pmNew
$699,000Active2 beds 1 baths752 sq. ft.744 W 20th, San Pedro, CA 90731
MLS# DW26172785Listed by: ALLSTARS REALTY - New
$924,950Active3 beds 3 baths1,843 sq. ft.1435 W 3rd Street, San Pedro, CA 90732
MLS# OC26159047Listed by: EXP REALTY OF CALIFORNIA INC - Open Sat, 1 to 4pmNew
$995,000Active4 beds 4 baths2,016 sq. ft.1491 Sandbar Lane, San Pedro, CA 90732
MLS# SB26173653Listed by: STRAND HILL PROPERTIES
$425,000Pending1 beds 1 baths745 sq. ft.888 S Herbert, San Pedro, CA 90023
MLS# SB26174424Listed by: EQUITY UNION- New
$825,000Active3 beds 2 baths622 W 2nd Street, San Pedro, CA 90731
MLS# PW26173957Listed by: CRISTAL REAL ESTATE GROUP - New
$825,000Active-- beds -- baths1,552 sq. ft.622 W 2nd Street, San Pedro, CA 90731
MLS# PW26173957Listed by: CRISTAL REAL ESTATE GROUP