About 626 W 7th
High yield 10 unit property one block from Downtown San Pedro for only $169K/door. 8.5X GRM on actual rents with an in-place cap rate of 6%, plus upside to a market cap rate of 7.1%. 8 out of 10 units remodeled in the last 5 years plus brand new separate electrical meters, main panel, and wiring at a cost of over $100K. RUBS income already in-place for a super low expense building. 4 detached income generating garages at the rear of the property present ADU potential. Only 1 block from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from the massive 42 acre West Harbor LA Waterfront Development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. Minutes away from Cabrillo Marina and Cabrillo Beach, Palos Verdes, and the Port of LA. Walk Score 93/100.
Features of 626 W 7th
| MLS® # | SB26029816 |
|---|---|
| Price | $1,695,000 |
| Bedrooms | 2 |
| Bathrooms | 3.00 |
| Lot Size | 5,001 |
| Year Built | 1923 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Style | Mediterranean |
| Status | Active |
| # Of Units | 10 |
Community Information
| Address | 626 W 7th |
|---|---|
| Area | 189 - Barton Hill |
| City | San Pedro |
| County | Los Angeles |
| Zip Code | 90731 |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 4 |
| Parking | Garage Faces Rear |
| # of Garages | 4 |
| Garages | Garage Faces Rear |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Laminate |
|---|---|
| Appliances | Gas Oven, Gas Range |
| Heating | Wall Furnace |
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | Rectangular Lot |
| Windows | Wood Frames |
| Roof | Flat |
| Construction | Stucco |
| Foundation | Raised |
Additional Information
| Date Listed | September 11th, 2025 |
|---|---|
| Days on Market | 214 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Anthony Walker |
|---|---|
| Office | Buckingham Investments, Inc |