Prime Investment Opportunity – Not Subject to LA City Rent Control (Only AB-1482) Located in the highly desirable Vista del Oro neighborhood, 1038 S Walker Ave is a well-maintained multifamily property offering strong current performance and significant upside potential. 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. This 6,590 SF building sits on a 6,250 SF lot and is attractively priced at $311 per square foot, operating at a 5.07% CAP Rate and 12.28 GRM. Built in 1985, the property is not subject to LA Rent Stabilization Ordinance (RSO), making it an appealing option for both investors and owner-users. A large 3-bedroom, 3-bath townhouse-style unit spans two floors and is ideal for an owner-user seeking to live on-site while generating income from the remaining tenant-occupied units. San Pedro’s multifamily sector continues to outperform nearby markets in both affordability and investor returns. The area is experiencing rapid appreciation driven by more than $500 million in waterfront redevelopment, public and private investment, and new lifestyle amenities expected by 2026.