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Location truly sets this exceptionally well-maintained five-unit property apart. Positioned on a beautifully landscaped corner lot just one short block from the ocean bluffs in San Pedro's highly desirable Palisades neighborhood, the building offers a rare opportunity to own an income property in a premier coastal setting. Several units feature ocean views, while all residents enjoy refreshing afternoon breezes and the year-round coastal climate. The property includes a spacious ground-floor owner's unit featuring two bedrooms, two bathrooms, a fireplace and peeks of the ocean. For an owner-occupant buyer, the seller will consider providing a credit at the close of escrow to help offset applicable tenant relocation costs. Major improvements completed in 2020 include a new roof, upgraded electrical panels, fresh exterior paint and refreshed landscaping. Parking includes four garage spaces plus off-street parking for two additional vehicles. With no residential units above the garages and a flat-roof configuration, the property may also offer potential to construct one or more ADUs above the garage area, creating an opportunity for additional income and long-term value (buyer to independently investigate and verify all development possibilities with the appropriate agencies). A community laundry room with coin-operated machines serves the residents. Remarkably, this five-unit coastal property is offered at a price below what some single-family homes are selling for in the surrounding area"”an exceptional value for investors and owner-users alike. Located near bluff-top parks, coastal walking trails and nature preserves, this is an outstanding opportunity to acquire a legacy property in a setting that would command a substantial premium in many neighboring beach communities. Drive by and explore the neighborhood to fully appreciate just how special this coastal location is.
Property Type(s):
Residential Income
| Last Updated | 9/3/2026 | Year Built | 1954 |
|---|---|---|---|
| Community | 180 - Palisades | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | 180 - Palisades |
| FIREPLACE | Yes |
| GARAGE | Yes |
| HEAT | Radiant, Wall Furnace |
| LOT | 6504 sq ft |
| LOT DESCRIPTION | Corner Lot, Landscaped |
| LOT DIMENSIONS | 6505 |
| PARKING | Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| VIEW | Yes |
| VIEW DESCRIPTION | Ocean |
| WATER | Public |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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