
San Pedro, California 90731
This Triplex Residential Income Asset is a Strong Value Opportunity, listed at $950,000, which aligns with its $950,000 Fair Market Value. Featuring a Condition Rating of 3, the property offers stability through recent capital improvements, including a 10-year-old roof and 2020 concrete work. The Desirable Unit Mix of one 3-bedroom and two 2-bedroom units, combined with Separate Gas/Electric Meters, maximizes rental efficiency. 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-generating property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 851 W Crestwood Subject 0 bd · 0 ba · 2,640 sqft · $360 | $950,000* List Price | 0 | 0 | 2,640 | $360 | - |
A 981 W Oliver Street Sold 6 bd · 3 ba · 2,251 sqft · $404 · 0.2 mi | $910,000 | 6 | 3 | 2,251 | $404 | 0.2 mi |
B 981 W Upland Sold 0 bd · 0 ba · 1,585 sqft · $457 · 0.2 mi | $725,000 | 0 | 0 | 1,585 | $457 | 0.2 mi |
C 981 W Upland Sold 4 bd · 2 ba · 1,585 sqft · $457 · 0.2 mi | $725,000 | 4 | 2 | 1,585 | $457 | 0.2 mi |
D 977 W 2nd Street Active 0 bd · 0 ba · 2,310 sqft · $431 · 0.5 mi | $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.
Although built in 1964, the property has been well-maintained with key system updates including a 10-year-old roof, dual-pane vinyl windows, and a new concrete driveway from 2020. Interior photos show kitchens and bathrooms with renovations ranging from 5-15 years old, featuring granite countertops, subway tile backsplashes, and updated flooring. The units are move-in ready and functional for a residential income property.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property features a rare three-bedroom unit alongside two two-bedroom units, providing a versatile rental strategy that appeals to larger families and maximizes income potential.
Significant exterior upgrades, including a concrete driveway and walkways replaced in 2020 and a roof approximately 10 years old, reduce immediate deferred maintenance for an investor.
With only one assigned parking space per unit, the property may struggle to accommodate multi-vehicle households, particularly for the larger three-bedroom residence.
The single shared water meter requires the owner to either absorb the cost of water usage or implement a RUBS system, which can be less attractive to both owners and tenants.
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 | 2.8 |
| Baths | 0.0 | 2.3 |
| Square foot | 2,640 | 2,591.526 |
| Lot Size | 4,783 | 5,309.842 |
| Price | $950.0K | $912.4K |
| Price per sq ft | $360 | $383 |
| Built year | 1964 | 1953 |
| HOA | $0 | $0 |
| Days on market | 108 | 78 |
Jul 9, 2026
$950,000
Initial Listing
May 11, 1998
$190,000
Public Record
Dec 28, 1994
$159,000
Public Record