
San Pedro, California 90731
This Triplex Residential Income Asset is a Strong Value Opportunity, listed at $1,149,000—positioned well below the $1,156,891 Fair Market Value by 0.68%. This valuation gap offers $7,891 in Instant Equity. Featuring a Condition Rating of 3, the property includes recent capital improvements like new windows and exterior paint. With a versatile unit mix and proximity to the San Pedro Waterfront, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset housing costs through rental revenue.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 732 W 21st Subject | $1,149,000* List Price | 0 | 0 | 2,860 | $405 | - |
A 939 941 W 17th Sold | $1,075,000 | 0 | 0 | 2,804 | $383 | 0.3 mi |
B 939 941 W 17th Sold | $1,075,000 | 6 | 4 | 2,804 | $383 | 0.3 mi |
C 1331 S Patton Sold | $1,188,000 | 0 | 0 | 2,357 | $504 | 0.9 mi |
D 1025 W 12th Sold | $1,150,000 | 0 | 0 | 2,760 | $417 | 0.6 mi |
E 684 W 23rd Street Sold | $1,067,625 | 0 | 0 | 3,266 | $327 | 0.1 mi |
F 841 W 25th Street Sold | $1,200,000 | 0 | 0 | 3,603 | $333 | 0.3 mi |
G 3046 S Kerckhoff Sold | $830,000 | 0 | 0 | 1,900 | $437 | 0.7 mi |
H 1054 W 23rd Street Active | $1,399,000 List Price | 0 | 0 | 2,797 | $500 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1944, the property is well-maintained with recent capital improvements including new windows and fresh exterior paint. Interior photos show updated vinyl plank flooring and newer stainless steel appliances, making it move-in ready despite some dated elements like the kitchen countertops and lighting.
Situated in the highly desirable Vista del Oro neighborhood near the San Pedro Waterfront redevelopment, the property is positioned for significant long-term value growth and high rental demand.
The triplex features a rare configuration of two 3-bedroom units and one 2-bedroom unit, providing maximum flexibility for owner-occupants or investors seeking high rental yields.
Recent upgrades including new windows and fresh exterior paint enhance the property's curb appeal and energy efficiency while reducing immediate maintenance costs.
Originally built in 1944, the property may require ongoing maintenance or future updates to aging core systems like plumbing and electrical typical of mid-century builds.
With three units and a detached garage occupying a 5,009-square-foot lot, the available private outdoor space is relatively compact, which may limit appeal for some tenants.
Rare Investment Opportunity in the Heart of Vista del Oro – San Pedro Exceptional opportunity to own a well-maintained three-unit residential income property in the highly desirable Vista del Oro neighborhood of San Pedro. Situated on a 5,009-square-foot lot, this versatile investment features two separate buildings and an excellent unit mix consisting of one 3-bedroom, 2-bath unit, one 3-bedroom, 1-bath unit, and one 2-bedroom, 1-bath unit, totaling approximately 2,900 square feet of living space. Each unit offers comfortable layouts with private outdoor areas, individual laundry facilities, and ample parking. The property includes a detached garage, additional off-street parking, and convenient alley access. Recent capital improvements—including fresh exterior paint and new windows—add value while helping to reduce near-term maintenance costs. Ideally located near shopping, dining, parks, schools, major transportation corridors, and the vibrant San Pedro Waterfront, the property is well positioned to benefit from the area’s ongoing transformation. With significant investment underway in the San Pedro Waterfront redevelopment—bringing new dining, entertainment, retail, and public spaces—the neighborhood continues to experience growing demand and strong long-term appreciation potential. Whether you’re an investor seeking reliable rental income with upside potential, an owner-occupant looking to offset housing costs with rental revenue, or a developer exploring future possibilities, this property offers exceptional flexibility. The generous lot size, alley access, and prime location may also provide future redevelopment or expansion potential, subject to buyer verification with the appropriate agencies. Don’t miss this rare opportunity to acquire a quality multi-unit asset in one of the Harbor Area’s most sought-after neighborhoods, where stable cash flow meets compelling long-term growth potential.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 1.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,860 | 1,676 |
| Lot Size | 5,009 | 5,101 |
| Price | $1.15M | $998.9K |
| Price per sq ft | $402 | $457 |
| Built year | 1944 | 1923 |
| HOA | $0 | $0 |
| Days on market | 12 | 108 |
Jul 10, 2026
$1,149,000
Initial Listing
Jul 3, 2019
$780,000
Public Record
Nov 4, 2002
$510,000
Public Record
Mar 15, 2002
$249,000
Public Record