1054 W 23rd Street
San Pedro, CA, 90731
$1,399,000
MLS: SB26024586
Beds
5
Baths
4
Sq Ft
2,797
Lot
0.12 ac
Year Built
1987
MLS #
SB26024586
Days on Market
71
Listed
Feb 3, 2026
Description
ASSUMABLE MORTGAGE 4.75%. Four-unit income property with upside in a rapidly improving San Pedro pocket. The property consists of a 2-bed/1-bath front house and three renovated 1-bed/1-bath units in the rear. Over $150,000 in recent capital improvements, including full renovation of rear units, new water heaters and appliances, termite tenting (May 2023), exterior paint, vinyl gates, garage door, and upgraded drainage system. Located minutes from the $100M+ West Harbor waterfront redevelopment, positioning the property for long-term appreciation and rental demand. Strong unit mix, major systems updated, and minimal deferred maintenance. Ideal for investors seeking stabilized income with future upside in one of San Pedro’s most active redevelopment zones.
Location
San Pedro, Los Angeles County, CA 90731
Open on Google Maps ↗Listed by: Riley Eastman · Keller Williams Realty
Payment estimate
$10,018
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $139,900 · Loan: $1,259,100
- Principal & Interest
- $7,736
- Property tax (1.25%)
- $1,457
- Homeowners insurance
- $300
- Mortgage insurance
- $525
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this San Pedro home with as little as 3.5% down using an FHA loan — roughly $48,965 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Assumable Loan — Lock In a Below-Market Rate＋
This San Pedro property has an assumable mortgage, meaning a qualified buyer can take over the existing loan at its current interest rate — potentially far below today's market rates. Assumable financing can dramatically reduce your monthly payment and total interest cost over the life of the loan compared to qualifying for a new mortgage at prevailing rates. This is a rare and significant financial advantage; ask your agent for the current loan details.
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