1054 W 23rd Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$1,549,000
1054 W 23rd Street, San Pedro, California 90731
0Bed
0Bath
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
SB25126084
Home ConditionExcellent
Features
Patio
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $1.55M(88th), sqft - 2797(62th), beds - undefined(50th), baths - undefined(50th).
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, garage door 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
Despite being built in 1987, this quadruplex has undergone extensive recent renovations, with over $150,000 invested. The description explicitly states 'complete renovation to all rear units,' which comprise three out of the four units. The provided image of a kitchen (likely from one of the renovated rear units) showcases modern white shaker cabinets, white quartz countertops, new stainless steel appliances (including a French door refrigerator and gas range), contemporary black fixtures, pendant lighting, recessed lighting, and new grey wood-look laminate flooring. A mini-split AC unit is also visible. These elements are virtually new and meet current quality standards. Furthermore, the property benefits from new water heaters, fresh exterior paint, new vinyl gates, a new garage door, a revamped drainage system, and recent termite tenting (May 2023). While the front unit's renovation status is less detailed, the overall significant investment and the 'meticulously renovated' state of the majority of units, along with comprehensive exterior and system updates, qualify the property for an 'excellent' condition score.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Significant Capital Improvements: Over $150,000 invested in recent renovations, including complete modernization of rear units, new appliances, water heaters, fresh exterior paint, new vinyl gates, garage door, and a revamped drainage system, significantly reducing immediate owner expenses.
Strong Appreciation Potential: Strategically situated in an area undergoing a $100 Million West Harbor waterfront development, positioning the property for significant future value growth and enhanced desirability due to new entertainment and dining venues.
Income-Generating Quadruplex: A four-unit property (one 2-bedroom/1-bathroom front house and three 1-bedroom/1-bathroom rear units) offers diversified rental income streams, making it an attractive asset for investors seeking consistent cash flow.
Proactive Maintenance & Pest Control: Recent termite tenting completed in May 2023 and a revamped property drainage system demonstrate proactive property management, minimizing common structural and pest concerns for a new owner.
Strategic Location Benefits: The property's location in San Pedro, near a major waterfront development, promises improved local amenities, entertainment, and dining options, enhancing tenant attraction and long-term property value.
Cons
Potential for Older Systems in Front Unit: While rear units are fully renovated, the description's mention of the front house blending 'historical elegance' suggests it may retain older systems or components not covered by recent upgrades, potentially requiring future maintenance or modernization.
Limited Parking Information: The property description mentions a new garage door but lacks specific details regarding dedicated parking availability for all four units, which could be a significant concern for tenants in a multi-unit urban property.
Predominance of 1-Bedroom Units: Three out of the four units are 1-bedroom/1-bathroom, which may limit the potential tenant pool primarily to singles or couples, potentially reducing flexibility in a diverse rental market compared to properties with more varied unit sizes.