851 W Crestwood, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
This Triplex Residential Income Asset is a Strong Value Opportunity, listed at $950,000—positioned well below the $1,057,363 Fair Market Value by 10%. This valuation gap offers $107,363 in Instant Equity. Featuring a Condition Rating of 3, the property includes a desirable unit mix, in-unit laundry, and separate utility metering. Located near Top-Rated Schools like Taper Avenue Elementary, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a stable, income-producing property with significant upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 851 W Crestwood Subject | $950,000* List Price | 0 | 0 | 2,640 | $401 | - |
A 981 W Oliver Street Sold | $910,000 | 6 | 3 | 2,251 | $404 | 0.2 mi |
B 977 W 2nd Street Active | $995,000 List Price | 0 | 0 | 2,310 | $431 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1964 but shows pride of ownership with key capital improvements including a 10-year-old roof, dual-pane windows, and a driveway replaced in 2020. While the kitchens and wall heaters are dated, the bathrooms have seen partial upgrades and the units are functional, well-maintained, and move-in ready.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The triplex features a desirable mix including a large 3-bedroom unit and two 2-bedroom units, all equipped with essential in-unit washer and dryer hookups which significantly increases tenant appeal and rental value.
The property boasts significant recent upgrades, including a concrete driveway and walkways replaced in 2020 and a roof approximately 10 years old, reducing immediate maintenance concerns for a new owner.
With only one assigned parking space per unit, the property may struggle to accommodate multi-vehicle households, particularly for the 3-bedroom unit, potentially leading to reliance on street parking.
The use of a single shared water meter for all three units prevents individual billing for water usage, requiring the owner to either absorb the cost or implement a RUBS system for reimbursement.
Well-maintained triplex featuring a desirable unit mix of one 3-bedroom, 1-bath unit and two 2-bedroom, 1-bath units. Unit A offers approximately 1,040 square feet with vinyl tile flooring in the living room, dining area, and kitchen, laminate flooring in all bedrooms, a dining area with ceiling fan and sliding glass door to the side yard, in-unit washer and dryer hookups, and a bathroom with tile flooring and a tub/shower combination. Unit B offers approximately 800 square feet and features laminate flooring in the living room and hallway, tile flooring in the kitchen and upgraded bathroom, carpeted bedrooms with ceiling fans, direct access to the common backyard, and in-unit washer and dryer hookups. Unit C, the upstairs unit, is a 2-bedroom, 1-bath residence featuring abundant natural light, carpeted living room and bedrooms with ceiling fans, tile flooring in the kitchen and bathroom, upgraded finishes, and in-unit washer and dryer hookups. All three units include vinyl dual-pane windows, wall heaters, individual washer and dryer hookups, and one assigned parking space. Additional street parking is available. Property improvements include a roof approximately 10 years old and concrete driveway and walkways replaced in 2020. Utilities include three gas meters, three electric meters, and one shared water meter. Conveniently located near schools, freeways, parks and less than 20 minutes from Long Beach.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 1.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,640 | 1,676 |
| Lot Size | 4,783 | 5,101 |
| Price | $950.0K | $998.9K |
| Price per sq ft | $360 | $457 |
| Built year | 1964 | 1923 |
| HOA | $0 | $0 |
| Days on market | 13 | 108 |
Jul 9, 2026
$950,000
Initial Listing
May 11, 1998
$190,000
Public Record
Dec 28, 1994
$159,000
Public Record