349 W Amar Street, San Pedro, CA 90731
Local realty services provided by:ERA North Orange County Real Estate
349 W Amar Street,San Pedro, CA 90731
$1,575,000
- 8 Beds
- 8 Baths
- 3,237 sq. ft.
- Multi-family
- Active
Listed by:gianluca jacoli
Office:shield cre, inc.
MLS#:25602903
Source:CRMLS
Price summary
- Price:$1,575,000
- Price per sq. ft.:$486.56
About this home
This exceptional investment opportunity features two adjacent fourplexes in the heart of San Pedro, California, each with its own Assessor's Parcel Number, comprising a total of eight single-story one-bedroom, one-bathroom units on a spacious 8,100 square-foot combined lot. Currently delivering strong financial performance with a 6.05% cap rate and 11.25 gross rent multiplier, the property offers significant upside potential, projecting an 8.37% pro-forma cap rate and 8.87 pro-forma GRM through targeted rent increases and enhancements. Its prime location, less than one mile from the iconic Los Angeles Waterfront, the transformative West Harbor development, the picturesque San Pedro Promenade, and the upcoming 6,200-seat waterfront amphitheater, positions it for substantial appreciation amid ongoing revitalization. Fully gated for security and equipped with eight dedicated parking spaces, the asset is conveniently situated just a half-mile from key employment and tourism drivers, including the World Cruise Center, Battleship USS Iowa Museum, Los Angeles Maritime Museum, and the bustling Port of Los Angeles. The expansive lot further unlocks future value through opportunities to add Accessory Dwelling Units (ADUs) or pursue redevelopment, making this a versatile and high-potential holding in a dynamic coastal market poised for growth.
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Home facts
- Year built:1923
- Listing ID #:25602903
- Added:1 day(s) ago
- Updated:October 08, 2025 at 02:36 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:8
- Living area:3,237 sq. ft.
Structure and exterior
- Year built:1923
- Building area:3,237 sq. ft.
- Lot area:0.19 Acres
Finances and disclosures
- Price:$1,575,000
- Price per sq. ft.:$486.56
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