2316 S Alma
San Pedro, CA, 90731
$1,365,000
Original list price: $1,399,000
MLS: SB26151505
Beds
—
Baths
—
Sq Ft
2,646
Lot
0.10 ac
Year Built
1928
MLS #
SB26151505
Days on Market
102
Listed
Jul 15, 2026
Description
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
San Pedro, Los Angeles County, CA 90731
Open on Google Maps ↗Listed by: Riley Eastman · Keller Williams Realty
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$10,673
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $136,500 · Loan: $1,228,500
Average 30-yr fixed rate 7.32% as of Oct 22, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $8,439
- Property tax (1.25%)
- $1,422
- Homeowners insurance
- $300
- Mortgage insurance
- $512
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 Oct 22, 2026
- 30-year fixed
- 7.32%
- 15-year fixed
- 6.68%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $47,775 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.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
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