1625 S Mesa, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
This Triplex Residential Income Asset represents a High-Potential Investment Opportunity, listed at $849,000. While priced slightly above the $837,527 Fair Market Value, the property offers significant stability and long-term growth. Featuring a Condition Rating of 4, the site includes a fully renovated studio and a spacious 3-bedroom unit, providing immediate rental income. With ADU conversion potential in the four garages and proximity to the West Harbor redevelopment, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income for mortgage offset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1625 S Mesa Subject | $849,000* List Price | 0 | 0 | 1,991 | $421 | - |
A 620 W 8th Sold | $622,500 | 2 | 2 | 1,836 | $339 | 0.6 mi |
B 728 W 11th Street Sold | $865,000 | 4 | 2 | 1,872 | $462 | 0.5 mi |
C 728 W 11th Street Sold | $865,000 | 0 | 0 | 1,872 | $462 | 0.5 mi |
D 623 W 18th Street Sold | $910,000 | 5 | 4 | 2,197 | $414 | 0.3 mi |
E 925 S Grand Avenue Active | $649,000 List Price | 0 | 0 | 1,836 | $353 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1962, this triplex is over 60 years old. While one studio unit has been fully renovated with modern cabinetry, stone countertops, and new flooring, the main house and second studio appear to be in more dated condition. The use of window AC units instead of central HVAC and the mention of 'value-add potential' indicate that the majority of the property requires further updates and system maintenance to reach a 'Good' or 'Excellent' rating.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property features a vacant unit and a spacious 3-bedroom front home, providing a rare opportunity for an owner-occupant to live on-site while utilizing rental income to offset the mortgage.
Located near the massive West Harbor waterfront redevelopment and vibrant downtown San Pedro, the property is positioned for significant long-term appreciation and high tenant demand.
Converting the garages into ADUs to maximize income would eliminate all off-street parking, which may decrease the desirability of the units in a high-density area.
With only one unit fully renovated, the property likely requires additional capital expenditure to modernize the remaining 1962-built units and achieve maximum market rents.
Fantastic triplex in the heart of San Pedro featuring ONE VACANT UNIT, presenting an ideal opportunity for an owner-occupant or investor alike. Live in one unit while collecting rental income, or lease the vacant unit at market rent to maximize returns. This property offers a great unit mix, highlighted by a spacious front home featuring three bedrooms, two bathrooms, and indoor laundry. The rear units consist of two studio apartments situated above the garages, including one being FULLY RENOVATED. The occupied units provide solid income with additional long-term rental upside. Additional features include four single garages (two will be vacant) with the possibility of adding future value through an Accessory Dwelling Unit (ADU) conversion, which would generate more income. Located just blocks from the vibrant downtown area and the exciting San Pedro waterfront redevelopment (West Harbor), this well-positioned asset offers a compelling combination of stable income, future appreciation, and value-add potential. Reach out today for additional information or to schedule a showing!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.8 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,991 | 2,251 | 41% |
| Lot Size | 4,501 | 5,001 | 8% |
| Price | $849.0K | $930.0K | 19% |
| Price per sq ft | $426 | $417 | 51% |
| Built year | 1962 | 1946 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 214 | 3% |
May 14, 2026
$849,000
Initial Listing
Nov 9, 2007
$580,000
Public Record
Mar 2, 2006
$612,000
Public Record