What is the asking price for El Prado?

The lease rate for space here is $7,300,000.

What is the total size of El Prado?

The property has a total square footage of 21,723 SF.

How many parking spaces are available at El Prado?

Parking information for the property isn't currently listed. However, other nearby parking options include Cabrillo Marina Berth 33, located 0.90 miles away , and Angels Gate Overflow Lot, which is 0.94 miles away.

949 West 26th Street, San Pedro, CA 90731

For Sale $7,300,000
Property Type Multi-Family
Property Size 21,723 SF
Units 26
Lot Size 0.48 Acre
Year Built 1974
Date Updated Oct 8, 2026

Description

Rare, Premier San Pedro Location – Palisades Neighborhood, Bordering Vista Del OroOffered for the first time since it was built, El Prado is a 26-unit building in San Pedro’s Palisades neighborhood, bordering Vista Del Oro. Built in 1974 and cared for by the original developer, the property has quality construction, an elevator, a common sun deck, 36 secured parking spaces, private storage, bike storage and an owned laundry room. Every unit has a private balcony, many with views of Catalina and Miraleste Hill, and the SB 721 balcony work is complete. The mix includes (16) 1/1, (5) 2/1, (2) 2/2, (2) 3/2 and (1) 2/1.5 townhome on a 20,974 SF lot. Rents are well below market, with one-bedrooms averaging $1,522 vs. $2,524 for nearby comps. Former owner-used garages and storage offer ADU potential. Not flagged by LADBS as a soft-story building. About 3 minutes from the Stairway to the Ocean, beach and tide pools.

Highlights

$1.6M First-Year Depreciation Write-Off via Cost Segregation & 100% Bonus Depreciation (Estimated for Qualified Real Estate Professionals)
3 Min. from San Pedro’s Famous “Stairway to the Ocean” Featuring Beach and Tide Pools
36 Secured Parking Spaces + Private Storage for Tenants + Ample Bike Storage
71% Upside in NOI via Strategic Value Add Program
Common Area Sun Deck for Tenants’ Enjoyment
Convert Previously Owner-Used Garages and Storage to ADUs or Lease As-Is
Elevator for Tenants’ Convenience (Serviced Monthly)
Exceptionally Cared for by Original Developer
First Time Ever Available For Sale
Onsite, Owned Laundry Generating $8,016 Annually
Private Balconies in Every Unit with Views of Catalina and Miraleste Hill (AB 721 Balcony Work Completed)
Superior 1974 Construction Quality
Unbeatable Location in San Pedro Palisades Neighborhood, Bordering Vista Del Oro