989 W 2nd ST, San Pedro, CA 90731
989 W 2nd ST, San Pedro, CA 90731
989 W 2nd ST, San Pedro, CA 90731
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$2,985,000
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0.27 Acres Lot
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989 W 2nd ST San Pedro, CA 90731

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Heather Lee

Heather Lee

+1(559) 908-4750

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25136753

HOA Y/N No

Year Built 1959

Lot Size 0.273 Acres

Property Sub-Type Triplex

Property Description

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!

Location

State CA

County Los Angeles

Area 187 - Holy Trinity

Zoning LCC2*

Interior

Interior Features All Bedrooms Down

Cooling Central Air

Flooring Vinyl

Fireplace No

Laundry In Kitchen

Exterior

Parking Features Assigned

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

Total Parking Spaces 6

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7451013030

Energy Description 1000.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Ruben Khorsandi Alliance Investment RE Group 949-683-6662, DRE #01085411

NEARBY SCHOOL & BUSINESS

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Heather Lee

Heather Lee

Broker Associate License ID: 02020746

+1(559) 908-4750

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989 W 2nd ST