972 W 12th Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$1,900,000
972 W 12th Street, San Pedro, California 90731
0Bed
0Bath
6,524Sqft
6,076Lot
Year Built
1972
Close
-
List price
$1.9M
Original List price
$2.3M
Price/Sqft
$291
HOA
-
Days on market
-
Sold On
-
MLS number
SB25174874
Home ConditionFair
Features
View-
About this home
We found 3 Cons,6 Pros.
Located in the heart of San Pedro’s sought-after Vista Del Oro neighborhood, this well maintained 6-unit apartment building offers an outstanding blend of location, stability, and future upside. This pride of ownership property has been cared for and presents beautifully, offering strong curb appeal and is a great investment for both seasoned and first-time multifamily investors. Situated just minutes from major shopping centers, restaurants, and freeway access, this property provides tenants with convenience and connectivity. Adding even more appeal is its proximity to the transformative West Harbor development, a $500 million waterfront project currently underway at the Port of Los Angeles. Once completed, West Harbor will feature dining, entertainment, retail, and outdoor experiences, poised to dramatically elevate the local lifestyle and boost property values. This is a rare opportunity to own a quality asset in one of San Pedro’s most vibrant and evolving communities.
Nearby schools
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.4mi
5/10
Leland Street Elementary School
Public,•K-6•0.6mi
5/10
Fifteenth Street Elementary School
Public,•K-5•0.8mi
4/10
Seventh Street Elementary School
Public,•K-5•0.8mi
5/10
Bandini Street Elementary School
Public,•K-6•0.9mi
2/10
Barton Hill Elementary School
Public,•K-6•1.1mi
7/10
White Point Elementary School
Public,•K-6•1.3mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.4mi
9/10
Park Western Place Elementary School
Public,•K-5•1.4mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•1.6mi
9/10
Taper Avenue Elementary School
Public,•K-5•1.9mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.1mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•3.2mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.8mi
6/10
Harbor City Elementary School
Public,•K-5•4.2mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.3mi
8/10
Miraleste Intermediate School
Public,•6-8•2.0mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.4mi
6/10
Alexander Fleming Middle School
Public,•6-8•4.2mi
4/10
Hudson K-8
Public,•K-8•6.4mi
6/10
San Pedro Senior High School
Public,•9-12•0.2mi
5/10
Phineas Banning Senior High School
Public,•9-12•4.7mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•4.9mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•5.4mi
3/10
Cabrillo High School
Public,•9-12•6.3mi
8/10
Palos Verdes High School
Public,•9-12•7.7mi
Price History
Date
Event
Price
10/15/25
Price Change
$1,900,000-5.0%
09/01/25
Price Change
$2,000,000-13.0%
08/05/25
$2,300,000
02/14/14
Sold
$665,000
Condition Rating
Fair
The property was built in 1972, making it over 50 years old. While the listing describes it as 'well maintained' with 'strong curb appeal' and the exterior images support this, there are no interior photos or details regarding the condition, style, or features of the kitchens, bathrooms, appliances, flooring, or systems. The age of the property strongly suggests that interior components, especially kitchens and bathrooms, are likely outdated and would require significant cosmetic updates to meet current standards. The property analysis also notes the age as a weakness, implying 'older systems' and 'less modern layouts.' It is functional and maintained, but not updated, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Strategic Location: Situated in the highly desirable Vista Del Oro neighborhood of San Pedro, offering excellent connectivity to local amenities and major freeway access.
Strong Investment Opportunity: A well-maintained 6-unit apartment building, ideal for both seasoned and first-time multifamily investors seeking stable income and asset growth.
Significant Future Appreciation Potential: Proximity to the transformative $500 million West Harbor development, poised to dramatically enhance local lifestyle and boost property values upon completion.
Excellent Curb Appeal & Maintenance: Described as a 'pride of ownership property' that has been cared for and presents beautifully, suggesting reduced immediate aesthetic or structural capital expenditures.
Convenient Access to Amenities: Located just minutes from major shopping centers, diverse restaurants, and freeway access, enhancing tenant desirability and convenience.
Cons
Multiple Price Reductions: The property has undergone significant price reductions from an original list price of $2.3M down to $1.9M, potentially indicating overpricing or challenges in attracting buyers at previous price points.
Age of Property: Built in 1972, the building is over 50 years old, which may imply potential for older systems (plumbing, electrical), less modern layouts, or deferred maintenance requiring future capital expenditures despite being described as well-maintained.
Lack of Detailed Financials: As an investment property, the provided details lack crucial financial information such as current rental income, operating expenses, vacancy rates, or a pro forma, which are essential for a comprehensive investor analysis.