989 W 2nd Street, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
Analysis of 989 W 2nd Street, San Pedro, California 90731 is currently available with a list price of $2,985,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Pedro Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
The property has undergone extensive recent renovations, with six of the nine units completely updated with modern kitchens featuring stainless steel appliances, shaker cabinetry, and quartz countertops. The exterior has been refreshed with new paint and vinyl windows, and the units include high-end features such as central A/C, modern bathrooms, and new flooring, meeting the criteria for a recently renovated property with no deferred maintenance.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Six units have been completely renovated with new kitchens, bathrooms, and flooring, plus high-demand features like central A/C and in-unit laundry hookups.
Individual metering for gas, electricity, and water heaters shifts utility costs to tenants, significantly enhancing the owner's net operating income.
While some nearby schools are highly rated, several immediate options like Barton Hill and Cabrillo Avenue Elementary have low ratings (2-3/10), potentially impacting family tenant retention.
Being part of a three-triplex portfolio sale on separate APNs may require a more complex closing process and a higher total capital commitment than a single-building purchase.
PRICE IMPROVEMENT!! PORTFOLIO SALE--3 SIDE-BY-SIDE TRIPLEXES ON SEPARATE APNs: We are pleased to offer for sale this well-located property portfolio in the highly desirable Holy Trinity rental market of San Pedro. This asset consists of 3 Triplexes on 3 separate APNs--977, 983 and 989 2nd Street. There's also an excellent unit mix of ALL SINGLE STORY 2 bedroom units--6 of which have been completely renovated with new kitchens, bathrooms, and flooring! The exterior has also been renovated with new paint, and vinyl windows. There is also central A/C units and in unit washer and dryer hook-ups in each unit and garages for tenants to enjoy. The property is also individually metered for gas and electric along with individual water heaters for each unit which keeps operating expenses low for the owner. Actual in place rents are also very strong allowing a new owner to have great cash flow from day 1 without the need to significantly raise rents. Property also qualifies for 30 year fixed residential financing. Property is centrally located near 110 freeway, 710 freeway, Vincent Thomas Bridge as well as major shopping centers, international Cruise Ship Terminals, and the San Pedro Waterfront development. INVESTORS WELCOME!
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.4 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 | 6,930 | 2,338.5 | 98% |
| Lot Size | 11,901 | 5,199 | 98% |
| Price | $2.98M | $1.04M | 98% |
| Price per sq ft | $431 | $462 | 46% |
| Built year | 1959 | 1928 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 308 | 217 | 87% |
Oct 29, 2025
$2,985,000
$3,135,000
-5% Price Drop
Initial Listing
Oct 10, 2025
$3,135,000
Initial Listing
Jun 18, 2025
$3,585,000
Initial Listing
Jan 25, 2022
$795,000
Public Record
Jan 11, 2022
$750,000
Public Record