372 W 11th St, San Pedro, CA 90731

4-Unit Coastal Property in San Pedro | 2 Vacant Remodeled Units & ADU Potential

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$1,039,000

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Property Highlights

4-unit coastal property in San Pedro, built 1913
Rents approximately 25% below market, strong upside
Mix consists of (3) 1BR/1BA & (1) Studio + Den/Office
2/4 units to be delivered vacant and remodeled
Roof and plumbing fully replaced with permit
Electrical upgraded, plumbing 90% copper
Each unit includes one dedicated parking space
ADU potential adds 4 units, 2,140 square feet
Separately metered for gas and electric
Pro-forma cap rate of 7.27%
Near the Port of LA, Minutes from West Harbor's new waterfront entertainment district, and Cabrillo Beach

The Opportunity

The Glaser Group is pleased to present 372 W 11th St, a 4-unit multifamily property in the San Pedro submarket of Los Angeles. The property offers investors an excellent opportunity in a tight coastal rental market, combining immediate rental upside with substantial ADU expansion potential.

The property encompasses approximately 3,151 square feet on a .11 acre lot and features a unit mix of (3) 1BR/1BA units and (1) Studio + Den/Office unit. Two of the four units are delivered vacant and fully remodeled.

Ownership carries out numerous capital improvements in recent years, including a full roof and plumbing replacement. The drain line is fully updated, and water supply plumbing is approximately 90% copper, reducing near-term capital needs for a buyer. Units also have W/D hookups.

The property also presents strong ADU potential (Buyer to Verify), with plans in place for 4 additional ADU units totaling approximately 2,140 square feet. This expansion would nearly double the property's footprint to 8 total units and 5,291 total square feet, offering a significant avenue for future income growth. Each existing unit includes a dedicated parking space, with a separate structure in the rear of the property.

Ideally situated in the vibrant San Pedro submarket, the property benefits from proximity to the Port of Los Angeles, the revitalized downtown waterfront, and a growing corridor of retail and dining. Continued investment in waterfront amenities, along with proximity to Cabrillo Beach and Los Angeles Harbor College, supports strong and consistent rental demand from a diverse tenant base seeking coastal access at relative affordability within Los Angeles County.