Property Details
About this Property
Prime Investment Opportunity Built in 1985 – Not Subject to LA City Rent Control (Only AB-1482)...Located in the sought-after Vista del Oro neighborhood, 1038 S Walker Ave is a well-maintained multifamily asset offering strong in-place income and substantial upside. The property features ample parking, and includes an additional unpermitted unit that was previously rented and now offers a straightforward ADU conversion opportunity. There's also an attached office/storage space adjacent to the communal laundry area, which presents potential for a second ADU or additional income through rental. The 6,590 SF building sits on a 6,250 SF lot, priced attractively at $311/SF, operating at a 5.07% CAP and 12.28 GRM. The property features a diverse unit mix with one 3-bedroom/3-bath and six 1-bedroom/1-bath units with some units offering private balconies, fireplaces, and exceptional ocean views. A spacious 3-bed, 3-bath townhouse-style unit is ideal for an owner-user or top-market rent. Located in a fast-growing area of San Pedro, fueled by over $500M in waterfront redevelopment and lifestyle improvements slated through 2026, this property is a rare opportunity in a market outperforming neighboring cities in both affordability and returns.
MLS Listing Information
MLS #
CRSB25175372
MLS Source
California Regional MLS
Interior Features
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Garage: 1 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Olga Wright
Lyon Stahl Investment Real Estate, Inc.
License #: 01315042
Phone: (310) 606-2076
Co-Listing Agent
Cameron Samimi
License #: 02035763
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1038 S Walker Ave is a Residential Income in San Pedro, CA 90731. This – square foot property sits on a 6,250 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,925,000 and was built in 1985. This address can also be written as 1038 S Walker Ave, San Pedro, CA 90731.
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This listing information is up-to-date as of October 11, 2025. For the most current information, please contact Olga Wright, (310) 606-2076
