343 W 12th Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$1,300,000
343 W 12th Street, San Pedro, California 90731
0Bed
0Bath
4,090Sqft
5,001Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
No Rent Control & Income Property: As a triplex, this property is an excellent residential income opportunity, explicitly noted as 'no rent control,' offering significant flexibility and potential for higher returns for investors.
Top Cons:
Significant Price Reduction: The property has undergone a notable price reduction from its original list price of $1.45M to $1.3M, which could indicate initial overpricing or a longer time on the market, potentially signaling buyer resistance at the higher price point.
Compared to the nearby listings
Price:$1.30M vs avg $1.10M (+$200,500)67%
Size:4,090 sqft vs avg 2,387.5 sqft81%
Price/sqft:$318 vs avg $41917%
More Insights
Built in 1990 (35 years old).
Condition: The property was built in 1990, making it 34 years old. While the description notes recent maintenance like a new roof and main water line, the interior images reveal dated aesthetics, particularly in the kitchen and bathrooms. The kitchen features wood-tone cabinets, white tile countertops, and an older fluorescent light fixture, along with black appliances that are functional but not modern. The bathroom also has matching wood-tone vanity, white tile countertops, and a dated light fixture. The flooring is a mix of wood-look laminate and tile, which appears clean but not high-end. Overall, the property is well-maintained and move-in ready, but the key areas like the kitchen and bathrooms show clear signs of being outdated and would benefit from minor updates to meet current buyer expectations.
Year Built
1990
Close
-
List price
$1.3M
Original List price
$1.45M
Price/Sqft
$318
HOA
-
Days on market
-
Sold On
-
MLS number
SB25040889
Home ConditionFair
Features
View-
About this home
No brainer, no rent control! This meticulously maintained building just a few short blocks from the shoreline of San Pedro could be perfect for the first time investor or someone looking to buy a property that doesn't need work! Front house is spacious 3 bedrooms, 2 baths, two rear units boast 2 bedrooms, 2 baths, each with their own laundry and tandem 2 car garages. Roof has been recently replaced over rear 2 units, fumigation has been completed, new main water line installed in 2022. Owner and tenants have showed pride of ownership and it shows!!!! Get into the community that is investing in it's growth like the Ports O Call redevelopment project which includes shops, restaurants, parks, harbor cruises and new housing developments. This area already has so much to offer being minutes from the Maritime Museum, the Cabrillo Way Marina, the Port of Los Angeles and amazing staple restaurants like the Green Onion and the famous Trani's to name a few.
Nearby schools
5/10
Fifteenth Street Elementary School
Public,•K-5•0.2mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.7mi
2/10
Barton Hill Elementary School
Public,•K-6•0.9mi
5/10
Leland Street Elementary School
Public,•K-6•1.1mi
5/10
Bandini Street Elementary School
Public,•K-6•1.2mi
4/10
Seventh Street Elementary School
Public,•K-5•1.6mi
9/10
Park Western Place Elementary School
Public,•K-5•1.8mi
7/10
White Point Elementary School
Public,•K-6•1.8mi
5/10
Crestwood Street Elementary School
Public,•K-6•2.0mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.2mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•2.3mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.9mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•3.0mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•4.1mi
6/10
Harbor City Elementary School
Public,•K-5•4.3mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.6mi
8/10
Miraleste Intermediate School
Public,•6-8•2.7mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.9mi
6/10
Alexander Fleming Middle School
Public,•6-8•4.4mi
4/10
Hudson K-8
Public,•K-8•5.9mi
6/10
San Pedro Senior High School
Public,•9-12•0.9mi
5/10
Phineas Banning Senior High School
Public,•9-12•4.4mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•5.1mi
3/10
Cabrillo High School
Public,•9-12•5.8mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•6.1mi
8/10
Palos Verdes High School
Public,•9-12•8.4mi
Price History
Date
Event
Price
05/16/02
Sold
$369,000
Condition Rating
Fair
The property was built in 1990, making it 34 years old. While the description notes recent maintenance like a new roof and main water line, the interior images reveal dated aesthetics, particularly in the kitchen and bathrooms. The kitchen features wood-tone cabinets, white tile countertops, and an older fluorescent light fixture, along with black appliances that are functional but not modern. The bathroom also has matching wood-tone vanity, white tile countertops, and a dated light fixture. The flooring is a mix of wood-look laminate and tile, which appears clean but not high-end. Overall, the property is well-maintained and move-in ready, but the key areas like the kitchen and bathrooms show clear signs of being outdated and would benefit from minor updates to meet current buyer expectations.
Pros & Cons
Pros
No Rent Control & Income Property: As a triplex, this property is an excellent residential income opportunity, explicitly noted as 'no rent control,' offering significant flexibility and potential for higher returns for investors.
Excellent Condition & Recent Major Upgrades: The building is meticulously maintained with recent significant upgrades including a new roof (rear units), completed fumigation, and a new main water line installed in 2022, minimizing immediate capital expenditures for a new owner.
Prime Location with Growth Potential: Located just blocks from the San Pedro shoreline and minutes from major attractions like the Maritime Museum, Cabrillo Way Marina, and the Port of Los Angeles, the area benefits from ongoing redevelopment projects like Ports O Call, promising future appreciation and desirability.
Desirable Unit Mix & Tenant Amenities: The property features a spacious 3-bedroom, 2-bath front house and two 2-bedroom, 2-bath rear units, each equipped with their own laundry facilities and tandem 2-car garages, enhancing tenant appeal and rental income stability.
Turnkey Investment Opportunity: Described as 'perfect for the first time investor or someone looking to buy a property that doesn't need work,' this property is ready for immediate income generation with minimal upfront renovation or maintenance required.
Cons
Significant Price Reduction: The property has undergone a notable price reduction from its original list price of $1.45M to $1.3M, which could indicate initial overpricing or a longer time on the market, potentially signaling buyer resistance at the higher price point.
Lack of Views: Despite its proximity to the San Pedro shoreline, the property explicitly states 'view: None,' which might be a drawback for buyers expecting scenic ocean or harbor views from a coastal-adjacent location.
Mixed Local School Ratings: While some schools in the broader area have high ratings, the closest elementary (Fifteenth Street Elementary, 0.2 miles) and middle school (Richard Henry Dana Middle School, 0.6 miles) have average ratings (5 and 4 respectively), which could be a consideration for families prioritizing top-tier local schools.