About 1509 Palos Verdes Street
Large 1989 construction non-rent controlled (RSO) triplex with all 3 bed, 2 bath units. Each unit has almost 1200 square feet, in unit laundry, modern layouts, and 3 separate 1 car garages. Two out of three units updated in the last 3 years. Very well priced at 12.46X GRM on actuals plus a 26% upside to a GRM of 9.6X and a 6.2% cap rate at market rents. Only 1 block from the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. Close proximity to Downtown San Pedro with art galleries, restaurants, boutiques, and other retail Only a few blocks from Cabrillo Marina and Cabrillo Beach.
Features of 1509 Palos Verdes Street
| MLS® # | SB25234250 |
|---|---|
| Price | $1,250,000 |
| Bedrooms | 9 |
| Bathrooms | 6.00 |
| Acres | 0.10 |
| Year Built | 1989 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Active |
Community Information
| Address | 1509 Palos Verdes Street |
|---|---|
| Area | 185 - Plaza |
| City | San Pedro |
| County | Los Angeles |
| Zip Code | 90731 |
Amenities
| Parking Spaces | 3 |
|---|---|
| # of Garages | 3 |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | Rectangular Lot |
| Construction | Stucco |
| Foundation | Slab |
Additional Information
| Date Listed | September 11th, 2025 |
|---|---|
| Days on Market | 28 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Anthony Walker |
|---|---|
| Office | Buckingham Investments, Inc |