1079 W 22nd San Pedro, CA $ 1,300,000
1079 W 22nd
$ 1,300,000
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1079 W 22nd

San Pedro, CA, 90731
$ 1,300,000
Baths1.0 Sq 3,135

Monthly Estimate*

$ 8,208

Listed by Arbor Real Estate Group
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Studio

Multi-Family Home for sale in San Pedro, CA

for $1,300,000 with 1 full bath. This 3,135 square foot home was built in 1923 on a lot size of 0.1149.

A truly rare opportunity to own one of San Pedro's most recognizable mixed-use properties. Located in the desirable Vista Del Oro neighborhood on a 5,004 SF LARD2-zoned lot, this unique property includes the historic Gray School of Music, established in 1950, along with three residential units tucked privately behind the commercial building. A San Pedro institution for over 75 years, the Gray School of Music has taught generations of musicians, including Eddie and Alex Van Halen. The business is included in the sale and is fully turnkey with an established student base of approximately 85-100 students, experienced instructors willing to remain, recurring tuition income, and significant upside for a new owner. The approximately 1,656 SF commercial building features seven teaching rooms, one restroom, reception area, foyer, display cases, and central heating, providing everything needed to continue operations or expand into recording, music production, or other creative ventures. Behind the school are three residential units totaling approximately 1,479 SF. Two charming 1920s bungalow-style 1-bedroom, 1-bath homes offer timeless character, including one beautifully renovated in 2023. The newly completed ADU (2026) features 1 bedroom, 1.75 baths, laundry hookups, split-system AC, and modern finishes, making it ideal for an owner-user, employee housing, or additional rental income. Separate electric and water meters, shared laundry, private yard areas, four fenced parking spaces with alley access complete the residential setting. Conveniently located across from Leland Elementary School, where the school has traditionally hosted recitals, and just minutes from the rapidly evolving San Pedro Waterfront and West Harbor development, this property offers a rare combination of history, multiple income streams, owner-user flexibility, and long-term investment potential. Financing options are available through lenders experienced with mixed-use and owner-user properties. Call for business details and private showing.

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Multi-Family Active

Price

$ 1,300,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1149

Year Built

1923

Town/City

San Pedro

County/Region

Los Angeles

MLS | Web ID

OC26139968

Days on Market

4

Features
General
Sewer Public Sewer
Heating Central
Cooling Wall/Window Unit(s)
Utilities Electricity Available Phone Connected Water Connected
Possession Close Of Escrow
HOA Fee 0
Garage Spaces 0
Pool Features None
Security Features Key Card Entry
Construction Materials Drywall
Year Built 1923
Electric Electricity - On Property
Tenant Pays Electricity
View None
Stories Count 1
Levels One
Property Subtype Mixed Use
Gross Income 92400
Community Features Curbs Gutter(s) Park Street Lights Sidewalks
County Los Angeles
Net Operating Income 3450
Operating Expense 4250
Insurance Expense 0
New Construction false
Property Type Residential Income
HOA false
Contingency Please send offers with pre-approval and proof of funds to dereks@arborfg.com. Rare and exciting opportunity to own a beloved business in an area with a thriving music and arts scene.
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions From 19th Street take Leland south to 22nd. Left on 22nd. Property on lefthand side.
City San Pedro
Disclosures Accessory Dwelling Unit
Entry Location Front
Senior Community Y/N false
Open Parking Spaces 4
Number Of Units Total 4
MLS Area 183 - Vista Del Oro
Lot Size Units Square Feet
Lot Size Square Feet 5004
Number of Units Leased 3
Listing Terms Cash to Existing Loan
Spa Features None
Property Attached Y/N true
Land Lease Y/N false
Current Financing Conventional
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 3
Total Actual Rent 5900
Property Sub Type Additional Mixed Use
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Interior
Interior Amenities Ceiling Fan(s) Furnished High Ceilings All Bedrooms Down
Flooring Carpet Laminate
Fireplace Features None
Total Stories 1
Common Walls 2+ Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Washer Hookup Gas Dryer Hookup
Entry Level 1
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Exterior
Fencing Chain Link
Parking Features None
Lot Features 0-1 Unit/Acre Back Yard Garden
Water Source Public
Total Parking 4
Lot Size Area 5004
Foundation Details Slab
Number of Buildings 4
Spa false
Building Area Total 3135
Lot Size Acres 0.1149
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Door Features Panel Doors
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 4
Road Frontage Type City Street
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* Excluded Features
List By
Arbor Real Estate Group

Broker

dereks@arborfg.com

Email

Affordability Calculator

$8,208
Per Month
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Monthly Principal & Interest
$8,208
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
6/27/2026$1,300,000 Listed Price

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1079 W 22nd, San Pedro, CA, 90731 is a Multi-Family Home for sale at $1,300,000 with 3,135 sqft and a lot size of 0.1149. 1079 W 22nd is a studio with 1.0 baths and was built in 1923. The property's zip code is 90731 which is in San Pedro, CA