238 W 10th St - Hospitality FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,899,999 USD
213-453-2572
238 W 10th St, San Pedro, CA for Sale
$1,899,999 USD
Hospitality - FOR SALE
1/15
null | 7.4% Cap Rate

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


HIGHLIGHTS

  • Steps from the $150M West Harbor waterfront development and downtown San Pedro revitalization.
  • Significant potential through lease-up of vacant units at market rents.
  • Modern LVP flooring, updated common areas, and refreshed unit interiors.
  • Strong demand from port workers and maritime industry.
  • Minutes from the Port of Los Angeles, the busiest container port in North America.

OVERVIEW

$400,000 Price Reduction – Now $1,899,999 THE ROYAL HOTEL | San Pedro, CA 20 rooms | $95K/Door Rare opportunity to acquire a renovated 20-room SRO hotel just blocks from the $150M+ West Harbor waterfront redevelopment transforming San Pedro into a premier coastal destination. The property features 20 rooms, communal restrooms, on-site laundry, and a 1BR manager’s unit. Recent upgrades include new electrical system, PEX & copper plumbing, new roof (2023), and new rear staircase (2023). Prime walkable location near Downtown San Pedro, Metro Silver Line to DTLA, USS Iowa, Warner Grand Theatre, and the new waterfront development. Investment Highlights:• $95K per door• SBA financing potential (buyer to verify) Ideal for supportive housing, transitional housing, sober living, multifamily conversion, or redevelopment as San Pedro continues its rapid growth. Turnkey coastal investment in Southern California’s last affordable beach market.

FOR SALE DETAILS

PRICE

$1,899,999 USD

PRICE/SF

$358 USD /SF

# OF ROOMS

20

PRICE/ROOM

$95,000 {currency}

CAP RATE

7.4%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Royal Hotel

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

undefined, undefined

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,005 SF

ZONING

LAR2

APN/PARCEL ID

7455-024-017

ASK ABOUT THIS PROPERTY

Jack PatelSage Real EstateMore Info
213-453-2572

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Jack PatelSage Real EstateMore Info
213-453-2572

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.