537 West 10th Street

San Pedro, CA 90731

$1,995,000
Price
6
Beds
3
Baths
2,923 Sq. Ft.
$683 / Sq. Ft.
2,923
Sq. Ft.
$683
per Sq. Ft.

Description

537 W 10th St presents an exceptional investment opportunity with development potential in the heart of San Pedro. Currently comprised of a triplex alongside an adjacent lot, the property comes with Ready-to-Issue (RTI) plans for the construction of an additional 9 units, promising significant upside in rental income. The existing triplex features (3) 2-bedroom/1-bathroom units, while the proposed construction will introduce (6) brand new 2-bedroom/2.5-bathroom units alongside (3) 1-bedroom/1-bathroom...537 W 10th St presents an exceptional investment opportunity with development potential in the heart of San Pedro. Currently comprised of a triplex alongside an adjacent lot, the property comes with Ready-to-Issue (RTI) plans for the construction of an additional 9 units, promising significant upside in rental income. The existing triplex features (3) 2-bedroom/1-bathroom units, while the proposed construction will introduce (6) brand new 2-bedroom/2.5-bathroom units alongside (3) 1-bedroom/1-bathroom Accessory Dwelling Units (ADUs) through garage conversions. With a total lot size of 13,505 square feet, comprising 2,932 square feet for the existing triplex and an additional 7,544 square feet for the proposed construction, this property offers a great opportunity for any developer. Nestled in San Pedro, within walking distance of vibrant retail and dining on 7th Street - including multiple breweries and highly rated restaurants - and conveniently situated between popular locales like Long Beach and Rancho Palos Verdes, 537 W 10th Street resides in a promising market for investors and developers alike. With a mix of existing units and planned new construction, it offers a lucrative opportunity to capitalize on development potential and maximize returns.
  1. Listed by Woody Stahl • DRE #01399621 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Est • woody@lyonstahl.com
  2. Listed by Brett Lyon • DRE #01717818 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 537 West 10th Street

Parking Spaces Total
3
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2923
Assessor Parcel Number
7454-012-029
Property Attached YN
true

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818
Add your commute
LISTING UPDATED: 04/15/2024 06:59 AM

Property Details for 537 West 10th Street

StatusActive
MLS #PW24066643
Days on Market29
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1964
Lot Size0.31 AC / 13,505 SF
CountyLos Angeles County

Location

Listing Courtesy of Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818
Add your commute

Building Information for 537 West 10th Street

Stories2Residences-Year Built1964Building Size-Lot Size0.31 AC / 13,505 SF

Payment Calculator

$12,485 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,888

Property Taxes

$1,597

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 537 West 10th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $62,640
  • Gross Scheduled Income: $62,640
  • Vacancy Allowance: 3132
  • Gross Operating Income: $59,508
  • Net Operating Income: $25,046
Expense Details
  • Operating Expense: $34,462
  • New Taxes Expense: $24,624
  • Gardener Expense: $1,200
  • Insurance Expense: $1,900
  • Maintenance Expense: $1,879
  • Other Expense: $2,400
  • Other Expense Description: Utility
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $32,003
Tax / Assessment Info
  • Tax Area: 13245
  • Tax Tract Number: 296...
  • Tax Census Tract: 2969.02
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Biking
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,664
  • Unit Type Total Rent: $1,664
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,872
  • Unit Type Total Rent: $1,872
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,684
  • Unit Type Total Rent: $1,684
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1

Property History for 537 West 10th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 537 West 10th Street

Taxable ValueLand$845,000Additions$695,000Total$1,540,000
Tax Record2023$19,166 ($1,597 / month)
Home Facts
Total Finished SqFt2,923 SqFtAbove Grade Finished SqFt2,923 SqFtLot Size13,505 SqFtStyleTriplexYear Built1964ZoningLARD1.5CountyLOS ANGELESAPN7454-012-029

Schools near 537 West 10th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Cabrillo Avenue Elementary School
PublicK to 5

Richard Henry Dana Middle School
Public6 to 8

San Pedro Senior High School
Public9 to 12

Port Of Los Angeles High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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537 West 10th Street is a mixed use property for sale in San Pedro, CA 90731. This property was listed for sale on April 4, 2024 by Lyon Stahl Investment Real Est, it's currently listed at $1,995,000. It has been on the market for a total of 29 days and was last sold on July 29, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Cabrillo Avenue Elementary School, Richard Henry Dana Middle School and San Pedro Senior High School. 537 West 10th Street is a 6-bed, 3-bath, 2,923 sqft mixed use property built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Est, Woody Stahl, DRE #01399621; Lyon Stahl Investment Real Estate, Inc., Brett Lyon, DRE #01717818

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.