238 W 10th, San Pedro, CA 90731
- $1,899,999
- List Price
- $1,899,999
- Price Change
- ▼ $300,000 1778638710
- Status
- ACTIVE
- MLS#
- RS25270178
- Year Built
- 1923
- Lot Size
- 5,005
- Acres
- 0.11
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 200
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
$400,000 Price Reduction – Now $1,899,999 THE ROYAL HOTEL | San Pedro, CA 20 rooms | $95K/Door Rare opportunity to acquire a renovated 20-room SRO hotel just blocks from the $150M+ West Harbor waterfront redevelopment transforming San Pedro into a premier coastal destination. The property features 20 rooms, communal restrooms, on-site laundry, and a 1BR manager’s unit. Recent upgrades include new electrical system, PEX & copper plumbing, new roof (2023), and new rear staircase (2023). Prime walkable location near Downtown San Pedro, Metro Silver Line to DTLA, USS Iowa, Warner Grand Theatre, and the new waterfront development. Investment Highlights:• $95K per door• SBA financing potential (buyer to verify) Ideal for supportive housing, transitional housing, sober living, multifamily conversion, or redevelopment as San Pedro continues its rapid growth. Turnkey coastal investment in Southern California’s last affordable beach market.
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Additional Information
- Pool Description
- None
- Heat
- See Remarks
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Flat
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Multiple Staircases
- Attached Structure
- Detached
- Number Of Units Total
- 20
- Gross Scheduled Income
- $244,092
- Operating Expense
- 98108
Listing courtesy of Listing Agent: Jignesh Patel (Jack@patelcregroup.com) from Listing Office: Sage Real Estate Group Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.