1437 S Gaffey Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$1,100,000
1437 S Gaffey Street, San Pedro, California 90731
0Bed
0Bath
3,510Sqft
4,004Lot
Year Built
1964
Close
-
List price
$1.1M
Original List price
$1.15M
Price/Sqft
$313
HOA
-
Days on market
-
Sold On
-
MLS number
SB25120197
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.10M(50th), sqft - 3510(69th), beds - undefined(50th), baths - undefined(50th).
This is a rare tri-plex with each unit having 3-bedrooms, 2-baths, and a private garage! Conveniently located near Von’s grocery, Rite-Aid pharmacy, Dana Middle School, ARCO gas station, restaurants, coffee shops, etc. This property is on a raised foundation, has dual glazed windows (for energy and sound), upgraded electrical and plumbing. Each unit has their own private patio off the kitchen. Tile floors throughout, Separate gas & electric meters and individual water heaters help with cash-flow. The rents are low. Property is sold as-is with the tenants in place. Please, drive by only, do not walk the property or disturb these tenants.
Nearby schools
5/10
Fifteenth Street Elementary School
Public,•K-5•0.4mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.5mi
5/10
Leland Street Elementary School
Public,•K-6•0.6mi
2/10
Barton Hill Elementary School
Public,•K-6•1.1mi
5/10
Bandini Street Elementary School
Public,•K-6•1.1mi
4/10
Seventh Street Elementary School
Public,•K-5•1.2mi
7/10
White Point Elementary School
Public,•K-6•1.4mi
9/10
Park Western Place Elementary School
Public,•K-5•1.7mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.7mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•1.8mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.2mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.5mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•3.2mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•4.1mi
6/10
Harbor City Elementary School
Public,•K-5•4.4mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.1mi
8/10
Miraleste Intermediate School
Public,•6-8•2.4mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.7mi
6/10
Alexander Fleming Middle School
Public,•6-8•4.5mi
4/10
Hudson K-8
Public,•K-8•6.3mi
6/10
San Pedro Senior High School
Public,•9-12•0.4mi
5/10
Phineas Banning Senior High School
Public,•9-12•4.7mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•5.1mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•5.8mi
3/10
Cabrillo High School
Public,•9-12•6.2mi
8/10
Palos Verdes High School
Public,•9-12•8.1mi
Price History
Date
Event
Price
08/26/25
Price Change
$1,100,000-2.2%
08/15/25
Price Change
$1,125,000
05/30/25
Listing
$1,150,000
06/03/04
Sold
$685,000
01/03/03
Sold
$475,000
Condition Rating
Fair
Built in 1964, this triplex benefits from functional upgrades like dual-glazed windows and upgraded electrical and plumbing, which are significant positives. However, the interior aesthetics, particularly the kitchens with their very dated orange cabinets and basic appliances, the bathrooms with old-style shower doors and vanities, and the pervasive popcorn ceilings and dated tile flooring throughout, indicate a strong need for substantial cosmetic updates. The property is functional and appears maintained, but its style is clearly outdated, aligning with the 'Fair' category where a home is aged but maintained, and major components show signs of being outdated.
Pros & Cons
Pros
Income-Generating Tri-plex: This rare tri-plex features three spacious 3-bedroom, 2-bath units, each with a private garage, offering significant income potential and tenant appeal.
Upgraded Core Systems: The property benefits from upgraded electrical and plumbing, reducing the likelihood of immediate major capital expenditures for a new owner.
Individual Utility Metering: Separate gas and electric meters, along with individual water heaters for each unit, optimize cash flow and simplify utility management for the landlord.
Energy Efficiency & Sound Insulation: Dual glazed windows contribute to improved energy efficiency and sound insulation, enhancing tenant comfort and potentially lowering utility costs.
Convenient Location: Strategically located near essential amenities such as grocery stores, pharmacies, schools, and various retail/dining options, ensuring strong tenant demand.
Cons
Below Market Rents: The current rents are noted as low, indicating that the property's immediate income potential is not maximized and will require a new owner to implement rent increases.
As-Is Sale with Occupied Units: Being sold 'as-is' with tenants in place limits a buyer's ability to conduct immediate renovations or occupy units, and implies potential deferred maintenance without recourse.
Restricted Property Access: The 'drive by only, do not disturb tenants' instruction severely restricts comprehensive interior due diligence, increasing buyer risk regarding the actual condition of the units.