San Pedro, CA 90731 989 W 2nd Street

989 W 2nd Street San Pedro, CA - Image 1989 W 2nd Street San Pedro, CA - Image 2989 W 2nd Street San Pedro, CA - Image 3
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989 W 2nd Street San Pedro, CA - Image 4989 W 2nd Street San Pedro, CA - Image 5989 W 2nd Street San Pedro, CA - Image 6989 W 2nd Street San Pedro, CA - Image 7989 W 2nd Street San Pedro, CA - Image 8989 W 2nd Street San Pedro, CA - Image 9
Presented By: Ruben Khorsandi with Alliance Investment RE Group; 949-683-6662
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# OC25136753
  • 06/18/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 18
  • Baths • 2
  • SQFT • 6,930
  • Garage • 6

Home Details

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!
Presented By: Ruben Khorsandi with Alliance Investment RE Group; 949-683-6662

Interior Features for 989 W 2nd Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
FlooringVinyl
Heating Y/NNo
Interior AmenitiesAllBedroomsDown
Laundry FeaturesInKitchen
Total Stories1

Other Rooms

Entry Level1

General for 989 W 2nd Street

Additional Parcels Description7451013002, 7451013031
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CitySan Pedro
Community FeaturesCurbs, StormDrains, StreetLights, Sidewalks
ContingencyNo showings. Inspection upon accepted offer.
CoolingCentralAir
CountyLos Angeles
DirectionsLocated at the corner of 2nd Street and Bandini
Electric Expense1000.0
Entry LocationGround
Fuel Expense1000.0
Garage Spaces6.0
Garage Y/NYes
Gross Income228816.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense4000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCashToNewLoan
Lot Size Square Feet11901.0
Lot Size UnitsSquareFeet
MLS Area187 - Holy Trinity
MobileHomeRemainsYNNo
Net Operating Income155978.0
New ConstructionNo
Number Of Units Total9
Operating Expense72838.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot1
Tenant PaysCableTv, Electricity, Gas
Trash Expense3500.0
Water Sewer Expense12000.0
Year Built1959
Year Built SourceAssessor
ZoningLCC2*

Exterior for 989 W 2nd Street

Building Area Total6930.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.2732
Lot Size Area11901.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters10
Number of Separate Gas Meters9
Number of Separate Water Meters3
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $3,285,000
MLS#OC25136753
List Date 06/18/2025
Property Type Multi-Family
Phone 714.742.6515
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