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1054 W 23rd Street, San Pedro, California 90731, San Pedro, 90731 - 5 bed, 4 bath

1054 W 23rd Street, San Pedro, California 90731 home-pic-0
ACTIVE$1,549,000
1054 W 23rd Street, San Pedro, California 90731
5Beds
4Baths
2,797Sqft
5,016Lot
Year Built
1987
Close
-
List price
$1.55M
Original List price
$1.55M
Price/Sqft
$554
HOA
-
Days on market
-
Sold On
-
MLS number
SB25122935
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.55M(88th), sqft - 2797(62th), beds - 5(93th), baths - 4(93th).

Discover an exceptional investment opportunity at 1054 W 23rd St in the vibrant San Pedro, CA. This captivating four-unit property blends historical elegance with contemporary functionality. It features a charming 2-bedroom/1-bathroom front house complemented by three meticulously renovated 1-bedroom/1-bathroom units at the rear. Recent enhancements, exceeding $150,000, include complete renovation to all rear units, installation of new water heaters and modern appliances, termite tenting completed in May 2023, fresh exterior paint, new vinyl gates, new garage and revamped property drainage system. Strategically situated in an area witnessing a $100 Million Dollar waterfront development - West Harbor, this property is poised for significant appreciation. The development promises to enhance the locale with new entertainment and dining venues, along with breathtaking views of the bustling activities at the country’s largest port. This is a rare chance to be part of San Pedro’s exciting real estate transformation. Seize the opportunity to own a piece of this dynamic community.

Nearby schools

5/10
Leland Street Elementary School
Public,•K-6•0.1mi
7/10
White Point Elementary School
Public,•K-6•0.7mi
5/10
Fifteenth Street Elementary School
Public,•K-5•1.0mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•1.0mi
4/10
Seventh Street Elementary School
Public,•K-5•1.2mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•1.3mi
5/10
Bandini Street Elementary School
Public,•K-6•1.6mi
2/10
Barton Hill Elementary School
Public,•K-6•1.7mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.9mi
9/10
Park Western Place Elementary School
Public,•K-5•2.0mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.3mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.6mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•3.8mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•4.5mi
6/10
Harbor City Elementary School
Public,•K-5•4.9mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.6mi
8/10
Miraleste Intermediate School
Public,•6-8•2.4mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.0mi
6/10
Alexander Fleming Middle School
Public,•6-8•4.9mi
4/10
Hudson K-8
Public,•K-8•7.0mi
6/10
San Pedro Senior High School
Public,•9-12•0.5mi
5/10
Phineas Banning Senior High School
Public,•9-12•5.4mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•5.6mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•5.8mi
3/10
Cabrillo High School
Public,•9-12•6.9mi
8/10
Palos Verdes High School
Public,•9-12•7.9mi

Price History

Date
Event
Price
06/13/22
Sold
$1,190,000
11/20/03
Sold
$650,000
03/29/96
Sold
$260,000
Condition Rating
Excellent
This quadruplex, built in 1987, has undergone extensive recent renovations exceeding $150,000, bringing the majority of the property (three rear units) to an excellent, virtually new condition. The provided image of a renovated kitchen showcases modern white shaker cabinets, white quartz countertops, new stainless steel appliances, contemporary black fixtures, and stylish grey wood-look laminate flooring, all indicative of a high-quality, recent update. The description explicitly mentions 'complete renovation to all rear units,' 'new water heaters and modern appliances,' 'fresh exterior paint,' and other significant upgrades. While the front house's renovation level is described as 'unspecified,' the overwhelming investment and quality of renovations in the other units, along with overall exterior improvements, position the property as move-in ready with no deferred maintenance for the majority of its components.
Pros & Cons

Pros

Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Multi-Unit Income Potential: As a quadruplex, the property offers diversified rental income streams, enhancing its investment appeal and cash flow potential.
Extensive Recent Renovations: Over $150,000 in recent upgrades, including fully renovated rear units, new appliances, water heaters, exterior paint, and drainage system, minimizing immediate capital expenditures for a new owner.
Significant Appreciation Potential: Strategically located near the $100 Million West Harbor waterfront development, positioning the property for substantial future value growth and enhanced local amenities.
Recent Termite Clearance: Termite tenting completed in May 2023 provides peace of mind regarding structural integrity and reduces potential future maintenance concerns.
Diverse Unit Configuration: The mix of a 2-bedroom/1-bathroom front house and three 1-bedroom/1-bathroom units caters to a broad tenant base, potentially ensuring high occupancy rates.

Cons

Lack of Views: The property description explicitly states 'None' for views, which could be a drawback for some tenants or buyers, especially given the nearby waterfront development.
Unspecified Front House Renovation Level: While rear units are fully renovated, the front house is only described as 'charming,' suggesting it may not have received the same modern updates and could require future investment.
Modest Lot Size for Quadruplex: A 5,016 sqft lot for four units may result in limited private outdoor space for tenants, which could be a consideration for some renters.

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