Est. cap rate

2.9%

Assumed rent, all units

$6,780/mo

Units

2

Price per unit

$699,500

Est. annual NOI

$40,680

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

6

Bathrooms

4

Building size

2,646 sqft

Lot size

4,501 sqft

Year built

1928

Stories

2

Garage spaces

0

Cooling

Electric,Ductless

Pool

None

View

Harbor

Status

Active

Days on market

10

MLS #

246320921

About this property

Welcome to 2316 S. Alma Street, a standout income property offering three total units across 2,646 square feet in one of San Pedro's most welcoming neighborhoods. This is a rare chance to acquire a turnkey multi-unit property with built-in flexibility — move in, rent out, or do both. The front duplex features a spacious 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit, both recently updated with remodeled kitchens and bathrooms for a fresh, move-in-ready feel. The 3-bedroom unit will be delivered vacant at close of escrow — perfect for an owner-occupant or a buyer looking to set rents at market from day one — and is covered by fully paid-off solar for meaningful utility savings. The 2-bedroom unit is currently occupied, providing immediate, established rental income. Rounding out the property is a beautiful, brand new 370 square foot 1-bedroom, 1-bath ADU - thoughtfully finished with a mini-split heating and air system and a tankless water heater. This unit will also be delivered vacant at close of escrow — offering true flexibility for a buyer to move in, host family, or lease up for additional income. Ideally located near Averill Park and just minutes from neighborhood favorites like Busy Bee, Colossus Bakery, and Choriman, this property sits in a pocket of San Pedro that continues to attract buyers and investors alike. Whether you're looking to owner-occupy while offsetting your mortgage, or add a fully renovated, income-diversified asset to your portfolio, 2316 S. Alma St delivers rare flexibility and brand-new construction rarely found at this price point. Schedule your showing today!

Location

2316 S Alma

San Pedro, Los Angeles, CA, 90731