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238 W 10th St
San Pedro, CA 90731 Central San Pedro

$2,399,999 USD

Hotel For Sale  •  5,304 SF

Property Details

  • Property Type Hotel
  • Total Building Size 5,304 SF
  • Lot Size 0.11 AC
  • Building Class C
  • Year Built 1923
  • Cap Rate 5.70 %
  • Zoning LAR2
48 Transit Score
89 Walk Score

Highlights

Prime San Pedro Location: Steps from the $150M West Harbor waterfront redevelopment — the largest investment in the area in decades
Value-Add Opportunity: 65% occupied with 32% rent upside through lease-up of 7 vacant units at market rents
High-Barrier-to-Entry Submarket: Limited SRO inventory with strong workforce housing demand from Port of LA (190,000+ jobs)
Proximity to Major Economic Drivers: Walking distance to Port of LA, World Cruise Center, and Downtown San Pedro
Significant Renovated: New Roof in 2023, New Outside stairscase, Updated Electrical and plumbing in 2018
On-Site Manager Unit: Includes a separate 1-bedroom, 1-bath manager's unit — ideal for owner-operator or on-site property management

Property Flyers

Cap Rate: 5.70 %

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 22 min - 13.0 mi
Los Angeles International 31 min - 21.2 mi
John Wayne/Orange County 44 min - 33.2 mi
Jack Patel 213-453-2572 Sage Real Estate
Jack Patel 213-453-2572 Sage Real Estate