Twitter
Facebook
Email
|
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.
| DAYS ON MARKET | 36 | LAST UPDATED | 8/11/2025 |
|---|---|---|---|
| YEAR BUILT | 1985 | COMMUNITY | 183 - Vista Del Oro |
| GARAGE SPACES | 1.0 | COUNTY | Los Angeles |
| STATUS | Conditional | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AREA | 183 - Vista Del Oro |
|---|---|
| GARAGE | Yes |
| LOT | 6251 sq ft |
| LOT DESCRIPTION | Landscaped, Rectangular Lot |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
| / | |
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 9/10/25 1:56 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.