989 W 2nd Street, San Pedro, CA — listing photo 1
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FOR SALE

989 W 2nd Street

San Pedro, CA 90731
11,901 Lot Sq Ft
Built 1959
$2,985,000
Price ReducedWas $3,585,000 — $2,985,000 (-$600,000)

Property Overview

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!

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Home Details

Property type
Residential Income - Triplex
Year built
1959
Lot size
11,901 sq ft
Parking
6 spaces
Garage
6 spaces
Stories
1
Days on market
319
MLS status
Active
Zoning
LCC2*

Features & Amenities

Interior

  • All Bedrooms Down

Parking

  • Assigned

Pool

  • None

Lot

  • Two To Five Units Acre

Community, Schools & Utilities

Utilities

Cooling
CentralAir
Water
Public
Sewer
PublicSewer

Location & Neighborhood

989 W 2nd Street

San Pedro, CA 90731

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Frequently Asked Questions About 989 W 2nd Street

Property type: Residential Income

The current asking price is $2,985,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 989 W 2nd Street. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1959. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in San Pedro, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this San Pedro property.
The MLS currently reports the property as Active. It has been listed for 319 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Ruben Khorsandi
MLS ID: SKHORRUB

Available property

$2,985,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.