
San Pedro, California 90731
This Triplex Residential Income Asset represents a Strong Value Opportunity, listed at $1,050,000—positioned well below the $1,126,994 Fair Market Value by 6%. This valuation gap provides $76,994 in Instant Equity. With a Condition Rating of 3, the property features significant capital improvements, including a newer roof and plumbing upgrades. Located in the desirable Vista del Oro neighborhood, this asset offers stable cash flow from long-term tenants. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add multi-family property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1109 W 24th Street Subject 0 bd · 0 ba · 3,476 sqft · $324 | $1,050,000* List Price | 0 | 0 | 3,476 | $324 | - |
A 1504 S Grand Sold 0 bd · 0 ba · 3,343 sqft · $290 · 0.9 mi | $969,000 | 0 | 0 | 3,343 | $290 | 0.9 mi |
B 1504 S Grand Sold 3 bd · 2 ba · 3,343 sqft · $290 · 0.9 mi | $969,000 | 3 | 2 | 3,343 | $290 | 0.9 mi |
C 464 W 17th St Sold 0 bd · 0 ba · 3,224 sqft · $350 · 1.0 mi | $1,130,000 | 0 | 0 | 3,224 | $350 | 1.0 mi |
D 841 W 25th Street Sold 0 bd · 0 ba · 3,603 sqft · $333 · 0.3 mi | $1,200,000 | 0 | 0 | 3,603 | $333 | 0.3 mi |
E 945 W 26th Sold 0 bd · 0 ba · 4,814 sqft · $263 · 0.2 mi | $1,268,000 | 0 | 0 | 4,814 | $263 | 0.2 mi |
F 939 941 W 17th Sold 0 bd · 0 ba · 2,804 sqft · $383 · 0.6 mi | $1,075,000 | 0 | 0 | 2,804 | $383 | 0.6 mi |
G 939 941 W 17th Sold 6 bd · 4 ba · 2,804 sqft · $383 · 0.6 mi | $1,075,000 | 6 | 4 | 2,804 | $383 | 0.6 mi |
H 665 W 21st Sold 0 bd · 0 ba · 4,438 sqft · $282 · 0.6 mi | $1,250,000 | 0 | 0 | 4,438 | $282 | 0.6 mi |
I 1206 W 25th Street Active 0 bd · 0 ba · 3,639 sqft · $357 · 0.1 mi | $1,299,000 List Price | 0 | 0 | 3,639 | $357 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1973 but shows clear pride of ownership with significant recent capital improvements including a newer roof, plumbing upgrades, and double-pane windows. Interior photos confirm updated laminate flooring, though dated popcorn ceilings remain; overall functional and move-in ready for tenants.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Situated in the highly desirable Vista Del Oro neighborhood near the West Harbor waterfront redevelopment, offering excellent long-term appreciation and strong rental demand.
The triplex features an excellent mix of one spacious 3-bedroom unit and two 2-bedroom units, all currently occupied by long-term tenants providing immediate, established cash flow.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5402, other record lot size in square feet = 5500. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3476, other record living area = 1300.
While long-term tenants offer stability, their current rents may be below market value, and adjusting them to market rates can be restricted by California's strict tenant protection laws.
The closest assigned public schools, such as Cabrillo Avenue Elementary and Richard Henry Dana Middle School, have lower performance ratings, which may deter some family-oriented renters.
** EXCEPTIONAL INVESTMENT OPPORTUNITY IN HIGHLY DESIRABLE VISTA DEL ORO ** This well-maintained three-unit residential income property offers an outstanding opportunity in one of San Pedro’s most desirable neighborhoods. The property features a spacious 3-bedroom, 2-bath unit and two spacious 2-bedroom, 1-bath units, with approximately 3,500 square feet of total living space situated on a 5,402-square-foot lot. Each unit features its own private balcony, and the property offers ample on-site and off-street parking, along with a coin-operated community laundry room. The 3-bedroom unit also includes an attached garage and private laundry hookups. Pride of ownership is evident throughout, with improvements including a newer roof, double-pane windows, plumbing upgrades, updated flooring, and numerous improvements within the individual units. All three units are currently occupied by long-term tenants, providing an established rental income stream. Located near the exciting transformation of the San Pedro Waterfront and West Harbor, the property is well positioned to benefit from the continued investment and redevelopment taking place throughout the area, bringing new dining, entertainment, retail, and waterfront attractions to this vibrant and historic San Pedro community. These improvements further enhance the long-term appeal of this already highly sought-after residential area. An excellent opportunity for an investor seeking a well-located income property with established rental income, value-added potential, and long-term appreciation potential. With its desirable unit mix, generous lot, ample parking, and prime Vista del Oro location, this is a rare opportunity to acquire a quality multi-family asset in one of San Pedro’s most desirable residential neighborhoods.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.8 |
| Baths | 0.0 | 2.3 |
| Square foot | 3,476 | 2,591.526 |
| Lot Size | 5,402 | 5,309.842 |
| Price | $1.05M | $912.4K |
| Price per sq ft | $302 | $383 |
| Built year | 1973 | 1953 |
| HOA | $0 | $0 |
| Days on market | 46 | 78 |
Sep 9, 2026
$1,050,000
Initial Listing
Oct 13, 2016
$420,000
Public Record
Jun 1, 2016
$410,000
Public Record
Nov 16, 1999
$179,000
Public Record