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238 W 10th, 
San Pedro, CA 90731

$2,399,999

—

Bed

—

Bath

5,304

Sq Ft

Multi-Family

Active

Listed by

Jignesh Patel

Sage Real Estate Group Inc

562-400-7622

Last updated:

January 7, 2026, 02:37 AM

MLS#

RS25270178

Source:

CRMLS

About This Home

238 W 10th

THE ROYAL HOTEL San Pedro, CA | 20 Units | $120,000/Door | 5.68% Cap | 9.68 GRM Rare opportunity to acquire a renovated hotel just blocks from the $150M+ West Harbor waterfront development. This 42-acre destination features 150,000+ SF of dining and entertainment, a 6,200-seat amphitheater, California's tallest Ferris wheel, and a mile-long promenade—transforming San Pedro into a premier coastal destination. The Royal Hotel offers 20 bachelor units across two floors with communal restrooms, on-site laundry, and a 1BR/1BA manager's unit with full kitchen. Each room includes vinyl flooring, bed, mini-fridge, flat-screen TV, sink, DirecTV, and WiFi. The property is ideal for students, traveling professionals, and extended-stay guests seeking an affordable coastal location Prime Walkable Location: Steps from downtown San Pedro and the Metro Silver Line connecting to DTLA. Walk to Battleship USS Iowa, LA Maritime Museum, the Warner Grand Theatre, First Thursday Art Walk, and the new West Harbor waterfront. Free Downtown Trolley and Commuter Express 142 to Long Beach/Metro A Line nearby. Recent Upgrades: Complete electrical system with new main panel, PEX and copper plumbing throughout, new flat roof (2023), and new rear metal staircase (2023). Investment Metrics: $120,000/door | 5.68% Cap Rate | 9.83 GRM | Proforma: 9.01% Cap & 6.67 GRM Flexible Use Potential: The building's layout is well-suited for alternative uses including non-profit supportive housing, transitional housing, Multifamily, sober living facility, or ground-up redevelopment to capitalize on San Pedro's growth. (buyer to verify) Why This Deal Works: Yes, it's an SRO under LA RSO—but at $120K/door with a 5.68% cap in a coastal market, this is exceptional value. Comparable beach-adjacent properties trade at 2-3x the price. The recent infrastructure upgrades eliminate major capex concerns, SBA financing lowers the barrier to entry, and San Pedro's $150M+ waterfront transformation provides a clear path to appreciation. Smart investors recognize that rent-stabilized assets in prime locations offer stability, consistent cash flow, and long-term upside. Potential SBA FINANCING AVAILABLE — (buyer to Verify and Qualify) Don't miss your chance to own a turnkey operation in Southern California's last affordable beach city—positioned for appreciation as San Pedro's waterfront renaissance unfolds.

Home Facts

Multi-Family

Built in 1923

Price Summary

2,399,999

$452 per Sq. Ft.

MLS #:

RS25270178

Last Updated:

January 7, 2026, 02:37 AM

Added:

a month ago

Rooms & Interior

Interior

Living Area:

5,304 Sq. Ft.

Structure

Structure

Building Area:

5,304 Sq. Ft.

Year Built:

1923

Lot

Lot Size (Sq. Ft):

5,005

Finances & Disclosures

Finances

Price:

$2,399,999

Price per Sq. Ft:

$452 per Sq. Ft.

Source:CRMLS
Based on information from California Regional Multiple Listing Service, Inc. as of January 14, 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, 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.