19
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$2,399,999
Est. payment /mo
5,005 Sqft Lot
Active
238 W 10th San Pedro, CA 90731
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Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS25277235
HOA Y/N No
Year Built 1923
Lot Size 5,005 Sqft
Property Sub-Type Hotel/Motel
Property Description
THE ROYAL HOTEL
San Pedro, CA | 20 Units | $120,000/Door | 5.28% Cap | 10 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 | 5.28% Cap Rate | 10 GRM | Proforma: 6.2% Cap & 7.3 GRM
Flexible Use Potential: The building's layout is well-suited for alternative uses including non-profit supportive housing, transitional housing, sober living facility, or ground-up redevelopment to capitalize on San Pedro's growth.
Why This Deal Works: Yes, it's an SRO under LA RSO—but at $120K/door with a 5.28% 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.
San Pedro, CA | 20 Units | $120,000/Door | 5.28% Cap | 10 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 | 5.28% Cap Rate | 10 GRM | Proforma: 6.2% Cap & 7.3 GRM
Flexible Use Potential: The building's layout is well-suited for alternative uses including non-profit supportive housing, transitional housing, sober living facility, or ground-up redevelopment to capitalize on San Pedro's growth.
Why This Deal Works: Yes, it's an SRO under LA RSO—but at $120K/door with a 5.28% 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.
Location
State CA
County Los Angeles
Area 185 - Plaza
Interior
Fireplace No
Laundry Inside, Laundry Room
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 7455024017
Special Listing Condition Standard
Listed by Jignesh Patel Sage Real Estate Group Inc 213-453-2572
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