467 W 12th Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$775,000
467 W 12th Street, San Pedro, California 90731
0Bed
0Bath
1,796Sqft
4,986Lot
Year Built
1948
Close
-
List price
$775K
Original List price
$799K
Price/Sqft
$432
HOA
-
Days on market
-
Sold On
-
MLS number
PW25191237
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $775.0K(12th), sqft - 1796(29th), beds - undefined(50th), baths - undefined(50th).
Investor’s Dream in Coastal San Pedro! Well-maintained triplex featuring two 1 bed/1 bath units and one 2 bed/1.5 bath unit plus 2 garage rentals. Approx. 1,796 sqft on a 4,986 sqft lot. Recent roof (2024). Strong current income with upside through rent increases and value-add improvements. Located near the West Harbor waterfront redevelopment, offering long-term appreciation potential. Ideal for investors, 1031 exchange buyers, or owner-occupants seeking cash flow and growth. Drive-by only—do not disturb tenants. Ready to sell.
Nearby schools
5/10
Fifteenth Street Elementary School
Public,•K-5•0.2mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.5mi
2/10
Barton Hill Elementary School
Public,•K-6•0.9mi
5/10
Leland Street Elementary School
Public,•K-6•1.0mi
5/10
Bandini Street Elementary School
Public,•K-6•1.1mi
4/10
Seventh Street Elementary School
Public,•K-5•1.4mi
7/10
White Point Elementary School
Public,•K-6•1.7mi
9/10
Park Western Place Elementary School
Public,•K-5•1.7mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.9mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.1mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•2.1mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.7mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•3.0mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•4.1mi
6/10
Harbor City Elementary School
Public,•K-5•4.3mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.5mi
8/10
Miraleste Intermediate School
Public,•6-8•2.6mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.8mi
6/10
Alexander Fleming Middle School
Public,•6-8•4.4mi
4/10
Hudson K-8
Public,•K-8•6.0mi
6/10
San Pedro Senior High School
Public,•9-12•0.7mi
5/10
Phineas Banning Senior High School
Public,•9-12•4.5mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•5.0mi
3/10
Cabrillo High School
Public,•9-12•5.9mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•6.0mi
8/10
Palos Verdes High School
Public,•9-12•8.3mi
Price History
Date
Event
Price
09/08/25
Price Change
$775,000-3.0%
08/24/25
Listing
$799,000
03/30/17
Sold
$427,000
Condition Rating
Fair
Built in 1948, this triplex benefits from a recent roof replacement (2024) and appears well-maintained externally. However, the absence of interior photos, particularly for kitchens and bathrooms, and the listing's mention of 'value-add improvements' strongly suggest that the interiors are largely outdated and would require substantial renovation to meet current aesthetic and functional standards. While not in disrepair, it's not move-in ready for modern tastes without significant updates.
Pros & Cons
Pros
Multiple Income Streams: The property is a triplex with two 1-bed/1-bath units, one 2-bed/1.5-bath unit, and two garage rentals, providing diverse and robust rental income potential.
Recent Capital Improvement: A new roof installed in 2024 significantly reduces immediate maintenance concerns and capital expenditure for the new owner, indicating proactive upkeep.
Strategic Location & Appreciation Potential: Located near the West Harbor waterfront redevelopment, positioning the property for strong long-term value growth and increased demand.
Value-Add Opportunity: The listing explicitly highlights 'upside through rent increases and value-add improvements,' appealing to investors seeking to maximize returns and equity.
Broad Investor Appeal: The property caters to a wide range of buyers, including traditional investors, 1031 exchange participants, and owner-occupants seeking cash flow and growth.
Cons
Restricted Access for Due Diligence: The 'drive-by only—do not disturb tenants' restriction severely limits the ability for prospective buyers to inspect the interior condition of units, posing a risk for unforeseen issues.
Age of Property: Built in 1948, the property is over 75 years old, suggesting that major systems (e.g., plumbing, electrical, HVAC) may be original or require significant updates beyond the recent roof.
Uncertain Interior Condition: Due to the lack of interior access and photos, the actual condition of the units and common areas remains unknown, which could lead to unexpected repair or renovation costs post-acquisition.