$2,799,000
1606 S Palos Verdes, San Pedro CA 90731
Multi-Family (6 Units)
Property type
1 day
On market
$471
Price per sqft
10 cars
Garage
1993
Year built
5,688 sqft
Lot size
Home highlights
Open Houses
Overview
Exceptional investment opportunity in the heart of San Pedro! This well maintained 6 unit property offers stunning ocean views from all six units and is ideally located in the desirable Central San Pedro area. Each unit enjoys beautiful coastal views, creating a highly desirable living experience for tenants. The property also features a secure underground garage with plenty...
Listing provided by: Griselda Aguilar DRE #01260577, Venetia's Estate Properties
Listing updated: Jun 10, 2026 at 11:01pm.
Last checked: Jun 10, 2026 at 11:30pm
Source: CRMLS #CV26115911
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 2 | — | $2,900 | $2,900 | $3,200 | Furnished |
| 1 | 2 | 2 | — | $2,700 | $2,700 | $3,200 | Furnished |
| 1 | 2 | 2 | — | $0 | $0 | $3,200 | Unfurnished |
| 1 | 2 | 2 | — | $0 | $0 | $3,200 | Unfurnished |
| 1 | 1 | 1 | — | $2,670 | $2,670 | $2,800 | Furnished |
| 1 | 1 | 1 | — | $0 | $0 | $2,800 | Unfurnished |
# of Buildings: 1
# of Units Total: 6
Separate Electric Meters: 6
Separate Gas Meters: 6
Separate Water Meters: 1
Carpet: 6
Rent Control: No
Units Leased: 3
Total Actual Rent: $8,270
Tenant Pays: Gas
Financial Snapshot
Gross Rent Multiplier
160.2x
List Price / Annual Gross Rent
Cap Rate
0.74%
NOI / List Price
Gross Scheduled Income: $17,470
Operating Expense: $3,200
Net Operating Income: $20,670
Annual Operating Expenses
Insurance: $9,000
Professional Management: $1,675
Trash: $1,950
Water / Sewer: $3,500
Interior
Interior Features: Balcony
Room Type: Other
Flooring: Carpet
Cooling: None
Heating: Wall Furnace
Fireplace: Gas
Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup
Accessibility: Safe Emergency Egress From Home
Entry Location: Street
Exterior
Architectural Style: Spanish
Property Attached: Yes
Stories Total: 3
Levels: Three Or More
Door Features: Panel Doors
Roof: Spanish Tile
Foundation: Combination
Window Features: Blinds, Screens
Construction Materials: Block, Drywall, Concrete
Property Condition: Turnkey
Common Walls: One Common Wall
Security Features: Carbon Monoxide Detectors
Lot Features: Zero To One Unit Acre
Pool: None
Spa: None
Fencing: Block
Water Source: Public
Sewer: Public Sewer
Electric: Standard
Utilities: Cable Available, Electricity Available, Sewer Available, Water Available
View: Ocean
Road Frontage Type: City Street
Road Surface Type: Paved
Other Structures: Sheds
Waterfront Features: Across The Road From Lake Ocean
Garage and Parking
Parking: Assigned
Garage Spaces: 10
Parking Total: 10
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7456019002
Additional Parcels: No
Tax Lot: 2
Tax Block: 66
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Dog Park, Hiking, Park, Suburban, Sidewalks, Urban
Nearby Schools
Nearby schools around the 1606 S Palos Verdes, San Pedro, CA 90731. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,239,200
Total Interest
$2,855,976
Total Payment
$5,095,176
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$17,219
per month
Property History for 1606 S Palos Verdes
San Pedro Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90731.
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