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2404 S Carolina Street

San Pedro, CA 90731
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Bed 8

Bed

Bath 4

Bath

SqFt3,672

Sqft

SqFt6,092

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,300,000

AD Id : 89475663

MLS Id : 26870919

Beds : 8

Lot Size : 6,092 Sqft

Living Area Size : 3,672

Year Built : 1957

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 4
  • Interior Features

    Appliances: Dishwasher, Microwave, Refrigerator, Dryer, Washer
    Laundry Features: Stacked
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace Cooling: None

  • Building Information

    Year Built: 1957
    Building Area Total: 3672
    Stories: 2
    Patio And Porch Features: Open, Patio
    Private Pool: No
    View: Coastline, Ocean

  • Lot Information

    Main Square Feet: 6092 Lot Size Acres: 0.1399 Lot Size Source: Assessor Lot Size Square Feet: 6,092

  • Listing Price Information

    Listing Price: $1300000

  • Tax Information

    Parcel Number: 7465010031

  • Location Information

    Direction: From S Pacific Ave turn west on W 26th St. Turn North on S Carolina St.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
285 W 9th Street, San Pedro, CA, 90731 $699,000 2 1 1,400 1,400 SqFt
230 232 W 15th Street, San Pedro, CA, 90731 $1,089,999 -- -- --
372 W 11th Street, San Pedro, CA, 90731 $1,039,000 3 4 3,151 3,151 SqFt
802 Bejay Place, San Pedro, CA, 90731 $999,000 4 2 1,430 1,430 SqFt
383 W 14th Street, San Pedro, CA, 90731 $1,450,000 8 8 --
560 W 4th Street, San Pedro, CA, 90731 $1,100,000 6 -- 3,032 3,032 SqFt
701 N Gaffey Place, San Pedro, CA, 90731 $695,000 2 1 969 969 SqFt
570 W 8th, San Pedro, CA, 90731 $1,670,000 -- -- 7,192 7,192 SqFt
626 W 7th, San Pedro, CA, 90731 $1,695,000 -- -- 5,616 5,616 SqFt
549 W 12th Street, San Pedro, CA, 90731 $839,000 5 3 2,152 2,152 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/18/2026 @ 01:49

MLS: 26870919 LISTED BY: John Katnik, BRC Advisors- BH SOURCE: CRMLS

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