989 W 2nd St San Pedro, CA 90731
Highlights
- 0.27 Acre Lot
- No HOA
- Central Air
- Cabrillo Avenue Elementary School Rated 9+
- Laundry Room
- Vinyl Flooring
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: 06/18/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 11,901 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
- 7451013002,7451013031
Parking
- 6 Car Garage
- Parking Available
- Assigned Parking
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 6,930 Sq Ft Home
- 1-Story Property
- Vinyl Flooring
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Laundry in Kitchen
Additional Features
- Exterior Lighting
- Central Air
Listing and Financial Details
- Legal Lot and Block 1 / S
- Tax Tract Number 4
- Assessor Parcel Number 7451013030
- $765 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Buildings
- 9 Units
Building Details
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 3 Separate Water Meters
- Electric Expense $1,000
- Fuel Expense $1,000
- Insurance Expense $4,000
- Trash Expense $4,000
- Water Sewer Expense $15,000
- Operating Expense $68,913
- Gross Income $228,816
- Net Operating Income $159,903
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 | $10,580 | $843,659 | $631,418 | $212,241 |
| 2024 | $10,580 | $827,118 | $619,038 | $208,080 |
| 2023 | $10,398 | $810,900 | $606,900 | $204,000 |
| 2022 | $1,874 | $97,368 | $25,848 | $71,520 |
| 2021 | $1,843 | $95,460 | $25,342 | $70,118 |
| 2020 | $1,848 | $94,483 | $25,083 | $69,400 |
| 2019 | $1,799 | $92,632 | $24,592 | $68,040 |
| 2018 | $1,686 | $90,816 | $24,110 | $66,706 |
| 2016 | $1,598 | $87,292 | $23,175 | $64,117 |
| 2015 | $1,581 | $85,981 | $22,827 | $63,154 |
| 2014 | $1,601 | $84,297 | $22,380 | $61,917 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/27/2026 03/27/26 | For Sale | $2,985,000 | 0.0% | $431 / Sq Ft |
| 11/04/2025 11/04/25 | Off Market | $2,985,000 | -- | -- |
| 10/28/2025 10/28/25 | Price Changed | $2,985,000 | -4.8% | $431 / Sq Ft |
| 10/09/2025 10/09/25 | Price Changed | $3,135,000 | -4.6% | $452 / Sq Ft |
| 07/17/2025 07/17/25 | Price Changed | $3,285,000 | -8.4% | $474 / Sq Ft |
| 06/18/2025 06/18/25 | For Sale | $3,585,000 | -- | $517 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | Pacific Coast Title Company | |
| Gift Deed | -- | Pacific Coast Title Company | |
| Grant Deed | -- | None Listed On Document | |
| Deed | -- | California Best Title | |
| Grant Deed | $795,000 | Fidelity National Title | |
| Deed | -- | -- | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $700,000 | New Conventional | |
| Previous Owner | $706,500 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC25136753
APN: 7451-013-030
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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