San Pedro, CA 90731,125 N Bandini ST
San Pedro, CA 90731,125 N Bandini ST
San Pedro, CA 90731,125 N Bandini ST
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$899,000
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6,520 Sqft Lot
Price Dropped by $46K

125 N Bandini ST San Pedro, CA 90731

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UPDATED:

11/15/2024 09:12 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24228132

HOA Y/N No

Year Built 1922

Lot Size 6,520 Sqft

Property Description

Price Improvement for a Prime Investment in San Pedro!!!! Discover 125 N Bandini St, a well-maintained triplex on a 6,526 sqft lot in San Pedro, Los Angeles. Offering significant income potential, this property has three tenant-occupied units in an unincorporated area, providing flexibility for redevelopment and the advantage of no rent control. With a strong Gross Scheduled Income (GSI), it ensures a steady rental income stream in a high-demand area—a great opportunity to invest in San Pedro’s expanding market. Designed with tenant satisfaction in mind, it features modern amenities, low vacancy rates, and the potential for future rental increases.

The front unit is a 2-bed, 1-bath home featuring a newly remodeled kitchen, down to the studs, with updated seismic bracing, a new roof, and brand-new windows. The middle unit is a cozy 1-bed, 1-bath residence that has undergone cosmetic improvements, including a new roof. Similarly, the back unit, also 1-bed, 1-bath, has been refreshed with cosmetic upgrades and a new roof. There is a two-car carport available.

This property offers incredible potential for both income generation and future growth. Located in a prime area with the county planning to up-zone for mixed-use development, this property’s value and usage opportunities are set to expand significantly. Ideally situated just minutes from the ocean, the Ports O' Call Village Redevelopment, local dining on Gaffey Street, and iconic landmarks like the Korean Bell of Friendship, Point Fermin Lighthouse, and Fort MacArthur, this property has ideal access to the best of San Pedro. With convenient freeway access and a community on the rise, this triplex makes an exceptional investment in San Pedro’s vibrant, growing market!

Location

State CA

County Los Angeles

Area 187 - Holy Trinity

Zoning LCC2*

Interior

Interior Features All Bedrooms Down

Heating Wall Furnace

Cooling None

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater

Laundry Laundry Room

Exterior

Garage Detached Carport, On Street

Carport Spaces 2

Pool None

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

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected

View Y/N Yes

View City Lights, Neighborhood

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard, Walkstreet

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7452013019

Energy Description 50.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Melinda Elmer • Century 21 Masters • 562-316-2915

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Naim Olachea

Agent | License ID: 01956839

+1(951) 233-1890

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125 N Bandini ST