Properties
San Pedro, CA 90731 2401 S Denison Avenue
$2,295,000
19 more
Presented By: Jim Porter with Porter Heritage; 310-408-8129
Baths • 1
SQFT • 3,420
Home Details
Great investment opportunity! This well-maintained multifamily property presents a rare chance to acquire a strong income asset in San Pedro. The offer includes two parcels, 2401 S. Denison Ave (7465-010-032) and 2405 S. Denison Ave (7465-010-033), each improved with a seven (7)-unit building, for a total of 14 units. All units are one-bedroom, one-bath, and many feature tile flooring. The property has been well maintained with an onsite manager and is ideally located close to major freeways and shopping.
Recent improvements include new roofs (2025), upgraded electrical panels (2025), and fresh exterior paint (2025). Tenants benefit from a shared laundry room and 14+ on-site parking spaces for resident use. This is the first time the property has been on the market since 2004, offering investors a compelling opportunity to acquire a stabilized asset with long-term ownership history. The property is subject to the Los Angeles Rent Stabilization Ordinance (RSO).
Presented By: Jim Porter with Porter Heritage; 310-408-8129
Interior Features for 2401 S Denison Avenue
Other Interior Features
Air Conditioning Y/NNo
Common WallsNo Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Interior AmenitiesCeramic Counters
Laundry FeaturesCommon Area
Total Stories2
Other Rooms
Entry Level1
General for 2401 S Denison Avenue
Additional Parcels Description7465010033
Additional Parcels Y/NYes
AppliancesDisposal, Gas Range, Water Heater
Architectural StyleTraditional
Building Area UnitsSquare Feet
Cap Rate6
Carport Spaces3
Carport Y/NYes
CitySan Pedro
Community FeaturesCurbs, Storm Drain(s), Street Lights, Suburban, Sidewalks
Construction MaterialsDrywall, Concrete, Stucco, Wood Siding, Copper Plumbing
CoolingNone
CountyLos Angeles
Current FinancingConventional
Directionssouth on Gaffey, east on 24th, south on Denison Ave
DisclosuresFamilial Relation
Electric Expense3500
Entry Locationground floor
Fuel Expense2800
Garage Spaces
Garage Y/NNo
Gross Income226135
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense12500
Land Lease Y/NNo
Listing TermsCash to New Loan, Conventional, 1031 Exchange
Lot Size Square Feet6081
Lot Size UnitsSquare Feet
MLS Area181 - Point Fermin
Net Operating Income137635
New ConstructionNo
Number Of Units Total14
Number of Units Leased13
Open Parking Spaces11
Operating Expense88500
Pool FeaturesNone
PossessionClose Of Escrow
PostalCitySAN PEDRO
Property Attached Y/NNo
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot12
Tenant PaysElectricity, Gas
Total Actual Rent226135
Trash Expense9500
UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ViewNeighborhood
Water Sewer Expense8000
Year Built1972
Year Built SourceAssessor
Exterior for 2401 S Denison Avenue
Building Area Total3420
FencingBlock, Chain Link
Foundation DetailsSlab
Lot Features0-1 Unit/Acre, Corner Lot, Front Yard, Gentle Sloping, Landscaped
Lot Size Acres0.1396
Lot Size Area6081
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Parking FeaturesAttached Carport, Assigned, Uncovered
Private PoolNo
Road Frontage TypeCity Street
Road Surface TypePaved
Total Parking14
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
