6,774 sqft

$2,492,500

2505 2509 S Denison Avenue, San Pedro CA, 90731

Price per sqft$367.95

Built in1958

Property size6,774 sqft

Property typeCondominium

Bought with Joshua Cohen with Keller Williams Realty and Listed by Josh Cohen CA DRE# 01346713 with Keller Williams South Bay 310-480-2130

Overview

Sold

Closed

Listed Mar 19, 2025

Updated Aug 25

We are pleased to present our latest investment opportunity located at 2505-2509 South Denison Avenue in San Pedro. The property features 14 units with a mix of (12) 1 Bed/1 Baths and (2) Studios. This property is an investor’s dream with great cash flow upside potential. It has been professionally managed for over 20 years and has gone through many upgrades. It is priced right as well, at less than a 10 GRM and close to a 7% Cap Rate on day one! Located in the Point Fermin neighborhood, the property is on a nice, quiet street, close to Cabrillo Beach and the Marina! The property is comprised of two separate buildings on a large 11,286 square foot lot. The units are individually metered for electricity and master metered for gas (some tenants do pay RUBS as well). There is onsite laundry available for tenants (owned) as well as ample, convenient parking. The immediate area is filled with many terrific retail and entertainment options as well as basic amenities for tenants to take advantage of. San Pedro is known for it's small town atmosphere and many family-owned businesses, with unique architecture, shops, hotels, restaurants, art galleries, studios, theaters, entertainment and more!

Additional information

MLS^® ID: SB25060199

Interior Features

Basement: No

Exterior Features

Lot Size: 0.26 Acres

Other Property Details

55+/Senior Community: No

Bought with Joshua Cohen with Keller Williams Realty and Listed by Josh Cohen CA DRE# 01346713 with Keller Williams South Bay 310-480-2130

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/25/2026 at 1:25 AM UTC Last Checked: 1:25 AM UTC