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977 W 2nd Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath

977 W 2nd Street, San Pedro, California 90731 home-pic-0
ACTIVE$995,000
977 W 2nd Street, San Pedro, California 90731
0Bed
0Bath
2,310Sqft
4,966Lot
Year Built
1959
Close
-
List price
$995K
Original List price
$1.2M
Price/Sqft
$431
HOA
-
Days on market
-
Sold On
-
MLS number
OC25131242
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $995.0K(48th), sqft - 2310(45th), beds - undefined(50th), baths - undefined(50th).

PRICE IMPROVEMENT!! PORTFOLIO SALE--3 SIDE-BY-SIDE TRIPLEXES ON SEPARATE APNs: We are pleased to offer for sale this well-located property portfolio in the highly desirable Holy Trinity rental market of San Pedro. This asset consists of 3 Triplexes on 3 separate APNs--977, 983 and 989 2nd Street. There's also an excellent unit mix of ALL SINGLE STORY 2 bedroom units--6 of which have been completely renovated with new kitchens, bathrooms, and flooring! The exterior has also been renovated with new paint, and vinyl windows. There is also central A/C units and in unit washer and dryer hook-ups in each unit and garages for tenants to enjoy. The property is also individually metered for gas and electric along with individual water heaters for each unit which keeps operating expenses low for the owner. Actual in place rents are also very strong allowing a new owner to have great cash flow from day 1 without the need to significantly raise rents. Property also qualifies for 30 year fixed residential financing. Property is centrally located near 110 freeway, 710 freeway, Vincent Thomas Bridge as well as major shopping centers, international Cruise Ship Terminals, and the San Pedro Waterfront development. INVESTORS WELCOME!

Nearby schools

5/10
Bandini Street Elementary School
Public,•K-6•0.3mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.4mi
2/10
Barton Hill Elementary School
Public,•K-6•0.7mi
4/10
Seventh Street Elementary School
Public,•K-5•0.8mi
9/10
Park Western Place Elementary School
Public,•K-5•0.8mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.0mi
5/10
Fifteenth Street Elementary School
Public,•K-5•1.1mi
5/10
Leland Street Elementary School
Public,•K-6•1.2mi
9/10
Taper Avenue Elementary School
Public,•K-5•1.4mi
7/10
White Point Elementary School
Public,•K-6•1.9mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•1.9mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.0mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•2.6mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.3mi
6/10
Harbor City Elementary School
Public,•K-5•3.6mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.8mi
8/10
Miraleste Intermediate School
Public,•6-8•1.7mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•1.9mi
6/10
Alexander Fleming Middle School
Public,•6-8•3.6mi
4/10
Hudson K-8
Public,•K-8•6.0mi
6/10
San Pedro Senior High School
Public,•9-12•0.8mi
5/10
Phineas Banning Senior High School
Public,•9-12•4.2mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•4.3mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•5.1mi
3/10
Cabrillo High School
Public,•9-12•5.9mi
8/10
Palos Verdes High School
Public,•9-12•7.5mi

Price History

Date
Event
Price
10/29/25
Price Change
$995,000-4.8%
10/10/25
Price Change
$1,045,000
06/11/25
Listing
$1,195,000
01/25/22
Sold
$795,000
01/11/22
Sold
$750,000
08/07/01
Sold
$175,000
Condition Rating
Excellent
Despite being built in 1959, the property has undergone extensive and recent renovations. The listing explicitly states that 6 of the units have been 'completely renovated with new kitchens, bathrooms, and flooring.' The exterior has also been updated with new paint and vinyl windows, and central A/C units and in-unit washer/dryer hook-ups have been added. The provided image of a bathroom confirms a modern, high-quality renovation with new vanity, fixtures, lighting, and flooring, meeting current quality standards. These significant updates bring the property's condition to an excellent level, making it move-in ready with virtually new components in the renovated units.
Pros & Cons

Pros

Portfolio Sale & Separate APNs: The offering includes three side-by-side triplexes on separate APNs, providing significant investment flexibility, potential for individual sales, and diversified income streams.
Extensive Recent Renovations: Six of the units have been completely renovated with new kitchens, bathrooms, and flooring, along with exterior paint and vinyl windows, reducing immediate capital expenditure for a new owner.
Low Operating Expenses: Each unit is individually metered for gas and electric, and has individual water heaters, which significantly lowers the owner's operating costs and maximizes net income.
Strong In-Place Rents & Cash Flow: Actual in-place rents are strong, ensuring great cash flow from day one without the immediate need for rent increases, and the property qualifies for 30-year fixed residential financing.
Desirable Unit Features & Amenities: All units are single-story 2-bedroom, equipped with central A/C, in-unit washer/dryer hook-ups, and garages, enhancing tenant appeal and retention.

Cons

Age of Property: Built in 1959, the underlying infrastructure of the buildings is over 60 years old, which may lead to higher long-term maintenance and repair costs despite recent renovations.
Potentially Small Unit Sizes: The listed 2310 sqft for a portfolio of three triplexes (likely 9 units) suggests very small unit sizes for 2-bedroom units, which could limit the tenant pool or future rent growth potential.
Limited Lot Size: A total lot size of 4966 sqft for three triplexes (9 units) is quite constrained, offering minimal outdoor space or future expansion possibilities.

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