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Charming Spanish-style Duplex 528-530 19th St 2 Unit Apartment Building $649,000 ($324,500/Unit) 3.18% Cap Rate San Pedro, CA 90731
Investment Highlights
- Charming Spanish-style architecture
- Each unit has a 1 bedroom, 1 bathroom layout
- Additional Income from garage rental $300/Month
- Single story side by side units
- Great owner/user or investment property
- Potential for ADU in the future
Executive Summary
Located in the heart of San Pedro, 528-530 West 19th Street presents a great opportunity to own a classic Spanish-style duplex with solid upside potential. This single-story, side-by-side property features two 1-bedroom, 1-bathroom units with charming architectural details (wood burning fireplaces in each unit) and a functional layout. Set in a neighborhood that continues to see growth and revitalization, this duplex offers timeless curb appeal and an excellent long-term hold.
Ideal for an owner-user or investor, the property includes additional monthly income from a $300 garage rental and offers future expansion possibilities with room for an Accessory Dwelling Unit (ADU). With the right vision, this duplex can be transformed into a high-performing investment or a personalized residence in one of the South Bay’s most dynamic communities.
Ideal for an owner-user or investor, the property includes additional monthly income from a $300 garage rental and offers future expansion possibilities with room for an Accessory Dwelling Unit (ADU). With the right vision, this duplex can be transformed into a high-performing investment or a personalized residence in one of the South Bay’s most dynamic communities.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$37,224
|
$27.74
|
| Other Income |
$2,700
|
$2.01
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$39,924
|
$29.75
|
| Taxes |
$7,782
|
$5.80
|
| Operating Expenses |
$11,481
|
$8.56
|
| Total Expenses |
$19,263
|
$14.35
|
| Net Operating Income |
$20,661
|
$15.40
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $37,224 |
| Annual Per SF | $27.74 |
| Other Income | |
|---|---|
| Annual | $2,700 |
| Annual Per SF | $2.01 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $39,924 |
| Annual Per SF | $29.75 |
| Taxes | |
|---|---|
| Annual | $7,782 |
| Annual Per SF | $5.80 |
| Operating Expenses | |
|---|---|
| Annual | $11,481 |
| Annual Per SF | $8.56 |
| Total Expenses | |
|---|---|
| Annual | $19,263 |
| Annual Per SF | $14.35 |
| Net Operating Income | |
|---|---|
| Annual | $20,661 |
| Annual Per SF | $15.40 |
Property Facts Under Contract
| Price | $649,000 | Building Class | C |
| Price Per Unit | $324,500 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 1,342 SF |
| Cap Rate | 3.18% | Average Occupancy | 100% |
| Gross Rent Multiplier | 16.26 | No. Stories | 1 |
| No. Units | 2 | Year Built | 1948 |
| Property Type | Multifamily | Parking Ratio | 1.49/1,000 SF |
| Property Subtype | Apartment | Cross Streets | Pacific |
| Apartment Style | Garden | ||
| Zoning | R2 - Duplex | ||
| Price | $649,000 |
| Price Per Unit | $324,500 |
| Sale Type | Investment |
| Cap Rate | 3.18% |
| Gross Rent Multiplier | 16.26 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 1,342 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1948 |
| Parking Ratio | 1.49/1,000 SF |
| Cross Streets | Pacific |
| Zoning | R2 - Duplex |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,551 | - |
1 1
Walk Score®
Very Walkable (85)
Bike Score®
Biker's Paradise (91)
Property Taxes
| Parcel Number | 7462-007-017 | Total Assessment | $367,924 |
| Land Assessment | $239,158 | Annual Taxes | $7,782 ($5.80/SF) |
| Improvements Assessment | $128,766 | Tax Year | 2025 |
Property Taxes
Parcel Number
7462-007-017
Land Assessment
$239,158
Improvements Assessment
$128,766
Total Assessment
$367,924
Annual Taxes
$7,782 ($5.80/SF)
Tax Year
2025
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Charming Spanish-style Duplex | 528-530 19th St
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