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125 N Bandini Street, San Pedro, California 90731, San Pedro, 90731 - 4 bed, 3 bath

125 N Bandini Street, San Pedro, California 90731 home-pic-0
ACTIVE$807,000
125 N Bandini Street, San Pedro, California 90731
4Beds
3Baths
860Sqft
6,523Lot

Price Vs. Estimate

The estimated value ($575,883.205) is $231,116.795 (28%) lower than the list price ($807,000). This property may be overpriced.

Key pros and cons

Top Pros:
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Top Cons:
Non-Conforming Rental Units: The two additional rental units are explicitly stated as 'non-conforming,' which presents potential legal, permitting, and financing hurdles for a prospective buyer.

Compared to the nearby listings

Price:$807.0K vs avg $855.0K ($-48,000)42%
Size:860 sqft vs avg 1,403 sqft13%
Price/sqft:$938 vs avg $65793%

More Insights

Built in 1922 (103 years old).
Condition: The main home has undergone extensive recent renovations, including a 'fully redesigned kitchen (taken down to the studs),' updated seismic bracing, a new roof, and brand-new windows. These significant upgrades bring the main residence to a virtually new condition, meeting current quality standards. While the two additional units were only 'cosmetically refreshed,' the comprehensive renovation of the primary living space and major structural components justifies an 'Excellent' rating for the property's overall condition.
Year Built
1922
Close
-
List price
$807K
Original List price
$899K
Price/Sqft
$938
HOA
-
Days on market
-
Sold On
-
MLS number
PW24245138
Home ConditionExcellent
Features
Patio
ViewCity Lights,Neighborhood

About this home

PRICE IMPROVEMENT!!! DO NOT MISS YOUR OPPORTUNITY!!! This charming property combines a beautifully updated main home and two additional income-generating units, offering a total living space of 1,617 sqft., all set on a spacious 6,526 sqft. lot. Located in an unincorporated area of San Pedro with no rent control, it presents an incredible opportunity to own a versatile property that can grow with you. The 2-bedroom, 1-bathroom main home has been upgraded. Highlights include a fully redesigned kitchen (taken down to the studs), updated seismic bracing, a new roof, and brand-new windows—making it as stylish as it is secure. Behind the main house, you'll find two cozy 1-bedroom, 1-bathroom units. While non-conforming, these rental units have been cosmetically refreshed with new roofs and updates to keep them desirable and tenant-friendly. All spaces are currently occupied, however the front unit will be delivered vacant. A convenient two-car carport completes the package, offering covered parking for you or your tenants. This property is not just about what’s here now—it's about what’s coming. With the county considering plans to up-zone the area for mixed-use development, 125 N Bandini St has exciting long-term potential. The location is hard to beat: just minutes from the ocean and iconic San Pedro landmarks like the Ports O’ Call Village redevelopment, the Korean Bell of Friendship, Point Fermin Lighthouse, and Fort MacArthur. Plus, you’re close to great dining on Gaffey Street, easy freeway access, and a vibrant, growing community. Whether you’re looking to settle into the main home and let the ADUs cover your mortgage, keep renting out all three units, or explore future redevelopment, this property offers a world of possibilities. Don’t miss this chance to invest in San Pedro’s rising market—schedule your tour today! You can also find this listing under Residential Income: PW24228132.

Nearby schools

5/10
Bandini Street Elementary School
Public,•K-6•0.2mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.5mi
2/10
Barton Hill Elementary School
Public,•K-6•0.7mi
9/10
Park Western Place Elementary School
Public,•K-5•0.7mi
4/10
Seventh Street Elementary School
Public,•K-5•0.8mi
5/10
Crestwood Street Elementary School
Public,•K-6•0.9mi
5/10
Fifteenth Street Elementary School
Public,•K-5•1.2mi
9/10
Taper Avenue Elementary School
Public,•K-5•1.2mi
5/10
Leland Street Elementary School
Public,•K-6•1.3mi
7/10
White Point Elementary School
Public,•K-6•2.0mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•2.0mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.0mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•2.5mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.1mi
6/10
Harbor City Elementary School
Public,•K-5•3.5mi
4/10
Richard Henry Dana Middle School
Public,•6-8•1.0mi
8/10
Miraleste Intermediate School
Public,•6-8•1.7mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•1.8mi
6/10
Alexander Fleming Middle School
Public,•6-8•3.5mi
4/10
Hudson K-8
Public,•K-8•6.0mi
6/10
San Pedro Senior High School
Public,•9-12•0.9mi
5/10
Phineas Banning Senior High School
Public,•9-12•4.1mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•4.2mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•5.0mi
3/10
Cabrillo High School
Public,•9-12•5.9mi
8/10
Palos Verdes High School
Public,•9-12•7.4mi

Price History

Date
Event
Price
10/13/16
Sold
$375,000
Condition Rating
Excellent
The main home has undergone extensive recent renovations, including a 'fully redesigned kitchen (taken down to the studs),' updated seismic bracing, a new roof, and brand-new windows. These significant upgrades bring the main residence to a virtually new condition, meeting current quality standards. While the two additional units were only 'cosmetically refreshed,' the comprehensive renovation of the primary living space and major structural components justifies an 'Excellent' rating for the property's overall condition.
Pros & Cons

Pros

Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Income-Generating Potential: The property includes a main home and two additional income-generating units, with the front unit delivered vacant, offering immediate rental income or owner-occupancy with supplemental income.
Recent Major Upgrades: The main home has undergone significant updates including a fully redesigned kitchen, updated seismic bracing, a new roof, and brand-new windows, enhancing its appeal and structural integrity.
Future Development Upside: Located in an unincorporated area with no rent control and county consideration for up-zoning for mixed-use development, offering significant long-term investment and redevelopment opportunities.
Desirable Location: Situated minutes from the ocean, iconic San Pedro landmarks, the Ports O’ Call Village redevelopment, dining on Gaffey Street, and easy freeway access, indicating a vibrant and growing community.
Generous Lot Size & Covered Parking: A spacious 6,526 sqft lot provides ample outdoor space, and a convenient two-car carport offers covered parking for residents or tenants.

Cons

Non-Conforming Rental Units: The two additional rental units are explicitly stated as 'non-conforming,' which presents potential legal, permitting, and financing hurdles for a prospective buyer.
High List Price vs. Market Estimation: The current list price of $807,000 is substantially higher than the property's estimated value of $575,883, potentially indicating an overvaluation in the current market.
Extended Market Time: With an on-market date of December 9, 2024, the property has been listed for several months, which could suggest challenges in attracting offers or a need for further price adjustment.

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