2424 S Leland Street, San Pedro, CA 90731

Local realty services provided by:ERA North Orange County Real Estate
2424 S Leland Street,San Pedro, CA 90731
$5,295,000
  • 29 Beds
  • 21 Baths
  • 18,084 sq. ft.
  • Multi-family
  • Active
Listed by:joshua cohen
Office:keller williams realty
MLS#:25612551
Source:CRMLS

Price summary

  • Price:$5,295,000
  • Price per sq. ft.:$292.8

About this home

2424 S. Leland Street is a 21-unit multifamily asset that exemplifies bothstability and upside potential in today's dynamic market. Built in 1980 and governed solely by California's statewide rent control law (AB 1482), this property delivers robust in-place cash flow, underscored by a compelling 6.40% capitalization rate and a 9.52 gross rent multiplier metrics that position it as a standout value among comparable offerings. The building features a well-balanced unit mix of six spacious two-bedroom apartments and fifteen thoughtfully designed one-bedroom residences. Each unit is bathed in natural light and benefits from refreshing ocean breezes, creating an inviting living environment that enhances tenant satisfaction and retention. Recent capital improvements totaling over $150,000 have further elevated the property's appeal and structural integrity. Notable upgrades include abrand-new roof that ensures long-term durability, and a beautifully renovated patio a tranquil, tastefully

Contact an agent

contact an agent

Yes, I would like more information from ERA®. Please use and/or share my information with an ERA affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an ERA affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1980
  • Listing ID #:25612551
  • Added:2 day(s) ago
  • Updated:November 01, 2025 at 10:36 AM

Rooms and interior

  • Bedrooms:29
  • Total bathrooms:21
  • Living area:18,084 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1980
  • Building area:18,084 sq. ft.
  • Lot area:0.31 Acres

Finances and disclosures

  • Price:$5,295,000
  • Price per sq. ft.:$292.8
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). ERA North Orange County Real Estate is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of ERA North Orange County Real Estate, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, 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 California Regional MLS (Southern California) 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 2021 California Regional MLS (Southern California). All rights reserved.

New listings near 2424 S Leland Street