2424 S Leland Street, San Pedro (los Angeles), CA 90731

• 18,084 sqft

Property Description

2424 S. Leland Street is a 21-unit multifamily asset that exemplifies bothstability and upside potential in today's dynamic market. Built in 1980 and governed solely by California's statewide rent control law (AB 1482), this property delivers robust in-place cash flow, underscored by a compelling 6.40% capitalization rate and a 9.52 gross rent multiplier metrics that position it as a standout value among comparable offerings. The building features a well-balanced unit mix of six spacious two-bedroom apartments and fifteen thoughtfully designed one-bedroom residences. Each unit is bathed in natural light and benefits from refreshing ocean breezes, creating an inviting living environment that enhances tenant satisfaction and retention. Recent capital improvements totaling over $150,000 have further elevated the property's appeal and structural integrity. Notable upgrades include abrand-new roof that ensures long-term durability, and a beautifully renovated patio a tranquil, tastefully updated outdoor retreat that adds a layer of coastal charm to the residentexperience. Designed with tenant comfort and operational efficiency in mind, the property includesone laundry room on each floor, elevator access, and private balconies that enrich the livabilityof every unit. On-site offices of

Listing Status:

Pending

Date Added:

October 29, 2025 at 05:00AM

Listing Office:

Keller Williams Realty : 310-375-3511

Listing Agent:

Joshua Cohen : 310-480-2130

MLS ID:

CL25612551

Interior

• Laundry: Common Area
• Heating: Forced Air

Exterior

• Parking: CoveredOtherPrivate

Location

• County: Los Angeles

Lot

• Zoning: LARD7463009035

This listing courtesy of Joshua Cohen, Keller Williams Realty