977 W 2nd St San Pedro, CA 90731
Estimated payment $6,684/month
Highlights
- No HOA
- Laundry Room
- 1-Story Property
About This Home
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!
Listing Agent
Alliance Investment RE Group Brokerage Phone: 949-683-6662 License #01085411 Listed on: 06/11/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,829
Year Built
- Built in 1959
Lot Details
- 4,966 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
- 7451-013-031, 7451-013-030
Parking
- 6 Car Garage
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 2,310 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 3 / S
- Tax Tract Number 4
- Assessor Parcel Number 7451013002
- $750 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $250
- Fuel Expense $250
- Insurance Expense $1,500
- Trash Expense $1,400
- Water Sewer Expense $4,000
- Operating Expense $7,400
- Gross Income $92,940
- Net Operating Income $67,352
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $10,829 | $843,659 | $588,970 | $254,689 |
| 2024 | $10,829 | $827,118 | $577,422 | $249,696 |
| 2023 | $10,389 | $810,900 | $566,100 | $244,800 |
| 2022 | $10,829 | $877,200 | $612,000 | $265,200 |
| 2021 | $1,703 | $84,201 | $21,939 | $62,262 |
| 2020 | $1,707 | $83,819 | $21,715 | $62,104 |
| 2019 | $1,663 | $82,186 | $21,290 | $60,896 |
| 2018 | $1,566 | $80,585 | $20,873 | $59,712 |
| 2016 | $1,483 | $76,996 | $20,063 | $56,933 |
| 2015 | $1,468 | $75,840 | $19,762 | $56,078 |
| 2014 | $1,488 | $74,355 | $19,375 | $54,980 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | Price Changed | $1,095,000 | -8.4% | $474 / Sq Ft |
| 06/11/2025 06/11/25 | For Sale | $1,195,000 | -- | $517 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | -- | California Best Title | |
| Deed | -- | California Best Title | |
| Grant Deed | -- | California Best Title | |
| Grant Deed | -- | California Best Title | |
| Grant Deed | $795,000 | Fidelity National Title | |
| Deed | -- | -- | |
| Grant Deed | $750,000 | Fidelity National Title | |
| Deed | -- | -- | |
| Grant Deed | $750,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $175,000 | Equity Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $728,336 | New Conventional | |
| Previous Owner | $728,336 | New Conventional | |
| Previous Owner | $706,500 | New Conventional | |
| Previous Owner | $227,464 | New Conventional | |
| Previous Owner | $246,000 | Unknown | |
| Previous Owner | $140,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25131242
APN: 7451-013-002
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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