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Yes. Belmont Brokerage Inc. operates under California Department of Real Estate (DRE) license #02431308. Listings shown from the MLS follow participating board rules, including attribution and IDX display requirements.

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690 W 23rd Street — San Pedro — 7 Beds • 7 Baths • 3,115 Sq Ft | Belmont Brokerage | Belmont Brokerage

Active

+26 more

$1,149,000

0 DOM

$369/sqft7 bd7 ba3,115 sqft

Call

690 W 23rd St San Pedro, CA 90731

5,000sqft lot

Nestled in the highly desirable coastal enclave of San Pedro, this charming three-unit residential property offers a rare blend of ocean-adjacent living, strong rental demand, and long-term investment potential. Set within a neighborhood where beachfront and ocean-view residences blend seamlessly with intimate apartment buildings, the area provides residents with a wide selection of living options - all connected by a lifestyle centered around the Pacific Ocean and the Los Angeles Harbor. Just moments from the shoreline, residents enjoy proximity to the iconic Point Fermin Park, home to its historic lighthouse, scenic oceanfront trails, and the renowned Cabrillo Marine Aquarium, a local landmark that brings marine life education and coastal charm to the community. Nearby beaches, tide pools, and waterfront recreation areas further enhance the area's strong connection to the sea. The surrounding neighborhood offers a vibrant yet relaxed coastal atmosphere, where residents can enjoy local favorites such as classic Italian dining at neighborhood eateries, casual deli spots for weekend picnics, and laid-back coastal coffee shops perfect for a morning coffee before heading to the beach. This property presents an exceptional opportunity to own an income-producing asset in one of Los Angeles' most steadily evolving coastal submarkets, where lifestyle, location, and long-term upside converge.

MLS 26667221

310-707-0800 (Office) 310-231-5208 (Cell) jonny@ahdootrealty.com

Est. payment

$7,342/mo

Principal & interestTaxesInsurance

$5,810$1,197$335

Down %

Rate %

Years

Down payment: $229,800 · Total cost: $2,321,389

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$7,342/mo

Principal & interest: $5,810
Est. property tax: $1,197
Est. insurance: $335
Down payment: $229,800

Est. gross rent$4,788/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-2,554/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.