546 W 23rd Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$1,100,000
546 W 23rd Street, San Pedro, California 90731
0Bed
0Bath
3,433Sqft
5,001Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Top Cons:
Rent Control Restrictions: Subject to rent control with an approximate 3% cap, which may limit future rental income growth and impact investment returns.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1923 (102 years old).
Condition: Built in 1923, this property is significantly aged. While described as 'maintained over the years' and fully rented, indicating functionality, there's no mention of recent major renovations. The heating system is an outdated 'wall furnace,' and there's no central cooling. The exterior images show an older structure that appears to be in a state of regular upkeep rather than recent modernization. Without interior photos, especially of kitchens and bathrooms, it's reasonable to assume these areas are dated and would require minor updates or repairs to meet current aesthetic and functional standards, aligning with the 'fair' condition criteria.
Year Built
1923
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$320
HOA
-
Days on market
-
Sold On
-
MLS number
PW25105601
Home ConditionFair
Features
View-
About this home
POINT FERMIN AREA 4 UNITS OFFER GREAT INCOME STREAM. ESTABLISHED RENTAL UNITS IN GREAT SAN PEDRO LOCATION. MAINTAINED OVER THE YEARS. LOCATION- LOCATION- LOCATION. GATED FRONT. PARKING TOTAL IS 5 SPACES, 2 UNCOVERED. WALL FURNACE HEATING. COMMUNITY LAUNDRY. SEPERATE GAS AND ELECTRIC METERS. BUILD YOUR PORTFOLIO WITH THIS FULLY RENTED UNITS. FRONT HOUSE IS 3 BEDROOMS 2 BATHROOMS, 3 UNITS ABOVE THE GARAGE 2 BEDROOM 1 BATH / TWO UNITS 1 BEDROOM 1 BATH EACH, TOTAL OF 4 UNITS, PLUS GARAGE PARKING. ** **FULLY RENTED UNITS. RENTS ARE CURRENT. RENT CONTROL APPLIES W APX 3% CAP. LOCATION CLOSE TO NEAR HARBOR, CABRILLO YACHT CLUB, GREAT DOWNTOWN VIBE, MARINA WATERFRONT NEARBY. NEAR FORT MCARTHUR, CLOSE TO SHOPPING, BUS TRANSPORTATION. GREAT INCOME PROPERTY. LIVE IN FRONT UNIT, RENT OTHERS ABOVE GARAGE AS AN OPTION. FRONT YARD AREA. POTENTIAL AND POSSIBLITIES, WITH THIS PROPERTY. OFF STREET PARKING / GARAGE IS PREMIUM FOR THESE UNITS, 5 PARKING SPOTS AVIALABLE, INCLUDING 3 CAR GARAGE. LOT SIZE 5001 SQUARE FEET. GROSS RENTS $6209.00 MONTHLY
Nearby schools
5/10
Fifteenth Street Elementary School
Public,•K-5•0.5mi
5/10
Leland Street Elementary School
Public,•K-6•0.7mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•1.0mi
7/10
White Point Elementary School
Public,•K-6•1.2mi
2/10
Barton Hill Elementary School
Public,•K-6•1.6mi
4/10
Seventh Street Elementary School
Public,•K-5•1.6mi
5/10
Bandini Street Elementary School
Public,•K-6•1.7mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•1.9mi
9/10
Park Western Place Elementary School
Public,•K-5•2.2mi
5/10
Crestwood Street Elementary School
Public,•K-6•2.3mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.7mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.8mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•3.7mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•4.7mi
6/10
Harbor City Elementary School
Public,•K-5•4.9mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.6mi
8/10
Miraleste Intermediate School
Public,•6-8•2.9mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.3mi
6/10
Alexander Fleming Middle School
Public,•6-8•5.0mi
4/10
Hudson K-8
Public,•K-8•6.6mi
6/10
San Pedro Senior High School
Public,•9-12•0.7mi
5/10
Phineas Banning Senior High School
Public,•9-12•5.1mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•5.7mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•6.3mi
3/10
Cabrillo High School
Public,•9-12•6.4mi
8/10
Palos Verdes High School
Public,•9-12•8.5mi
Condition Rating
Fair
Built in 1923, this property is significantly aged. While described as 'maintained over the years' and fully rented, indicating functionality, there's no mention of recent major renovations. The heating system is an outdated 'wall furnace,' and there's no central cooling. The exterior images show an older structure that appears to be in a state of regular upkeep rather than recent modernization. Without interior photos, especially of kitchens and bathrooms, it's reasonable to assume these areas are dated and would require minor updates or repairs to meet current aesthetic and functional standards, aligning with the 'fair' condition criteria.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Robust Income Stream: The property boasts a strong, immediate income stream from four fully rented units, generating $6,209 monthly gross rents.
Prime Point Fermin Location: Situated in the highly desirable Point Fermin area, offering proximity to the harbor, yacht club, marina waterfront, downtown vibe, shopping, and transportation.
Diversified Multi-Unit Configuration: Comprising four distinct units (3B/2B, 2B/1B, 2x 1B/1B), providing diversified rental income and investment flexibility.
Ample Off-Street Parking: Features a significant advantage with 5 total parking spaces, including a 3-car garage, highly valued in urban environments.
Separate Utility Metering: Equipped with separate gas and electric meters for each unit, simplifying utility management and tenant billing.
Cons
Rent Control Restrictions: Subject to rent control with an approximate 3% cap, which may limit future rental income growth and impact investment returns.
Advanced Age & Outdated Heating: Built in 1923, the property's age suggests potential for ongoing maintenance and features less efficient wall furnace heating.
Absence of Central Cooling: The property lacks a central cooling system, which could be a significant comfort drawback for tenants during warmer periods.