764 W 12th, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
This Prime Triplex Value-Add Asset is listed at $800,000, offering a market-aligned entry point near its $768,215 Fair Market Value. While currently holding a Condition Rating of 4 with vintage infrastructure, the property presents a massive 50% Rental Upside Potential across three 1-bedroom units. Key features include In-Unit Laundry, Two 1-Car Garages, and proximity to the high-growth West Harbor redevelopment. Served by Top-Rated Schools like Taper Avenue Elementary (9/10) and Palos Verdes Peninsula High (10/10), this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-upside house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 764 W 12th Subject | $800,000* List Price | 0 | 0 | 1,500 | $512 | - |
A 1939 South Alma Street Sold | $799,000 | 0 | 0 | 1,520 | $526 | 0.6 mi |
B 974 W 5th Street Sold | $625,000 | 0 | 0 | 1,648 | $379 | 0.5 mi |
C 728 W 11th Street Sold | $865,000 | 4 | 2 | 1,872 | $462 | 0.1 mi |
D 728 W 11th Street Sold | $865,000 | 0 | 0 | 1,872 | $462 | 0.1 mi |
E 1515 S Walker Avenue Sold | $905,000 | 3 | 2 | 1,512 | $599 | 0.6 mi |
F 1515 S Walker Avenue Sold | $905,000 | 0 | 0 | 1,512 | $599 | 0.6 mi |
G 782 W 14th Street Active | $679,000 List Price | 0 | 0 | 1,664 | $408 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, this triplex appears to be maintained through regular upkeep but lacks recent comprehensive renovations. The exterior shows aged stucco and older garage structures with cracked concrete. While the units are functional and occupied, the listing's emphasis on 'value-add potential' and 'vintage infrastructure concerns' regarding plumbing and electrical, combined with the absence of modern interior photos, suggests that the kitchens and bathrooms are likely outdated and require minor to moderate updates to meet current market standards.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property features an estimated 50% rental upside, providing a major opportunity for investors to increase cash flow and market value as units turn over to market rates.
Rare for older multi-family assets, each unit includes in-unit laundry and dedicated off-street parking, including two garages, which significantly enhances tenant desirability and retention.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1500, other record living area = 1645.
The current gross rental income is significantly below market levels, resulting in a lower initial capitalization rate for the buyer until the rental upside is realized.
Built in 1923, the property may require substantial capital expenditures for maintenance or upgrades to aging systems such as plumbing, electrical, and roofing to meet modern standards.
Prime Triplex Opportunity in San Pedro – West of Gaffey Don’t miss this exceptional investment opportunity in San Pedro. This well-positioned triplex features "three" 1-bedroom, 1-bathroom units, each equipped with **in-unit laundry**, making it highly attractive to tenants. The property includes "two" 1 car garages plus one additional uncovered parking space, offering valuable off-street parking. Current rents are as follows: * Unit 766: $848.00 * Unit 764: $1,201.16 * Unit 768: $1,006.31 With approximately **50% rental upside potential**, this property presents a strong value-add opportunity for investors seeking to increase cash flow over time. Ideal for both investors and owner-users, this is a perfect opportunity to **live in one unit and rent out the others** to offset your mortgage. Located just minutes from the highly anticipated West Harbor redevelopment, as well as convenient access to the 110 and 710 freeways, this property offers both lifestyle appeal and long-term growth potential.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-6 • 0.7 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 | 1,500 | 2,258.5 | 13% |
| Lot Size | 4,801 | 5,001.5 | 30% |
| Price | $800.0K | $985.0K | 15% |
| Price per sq ft | $533 | $470 | 65% |
| Built year | 1923 | 1928 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 210 | 2% |
Apr 2, 2026
$800,000
Initial Listing
Mar 18, 2025
$670,000
Public Record