CA > San Pedro
San Pedro, CA 90731,125 North Bandini Street
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San Pedro, CA 90731,125 North Bandini Street
San Pedro, CA 90731,125 North Bandini Street
San Pedro, CA 90731,125 North Bandini Street
San Pedro, CA 90731,125 North Bandini Street
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Nicole Van Parys & Gary Nesen

Nicole Van Parys & Gary Nesen

+1(805) 795-1880
Listed by Melinda Elmer • Century 21 Masters
$ 899,000
Est. payment /mo
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Active

125 North Bandini Street San Pedro, CA 90731

1,617 SqFt

UPDATED:

12/24/2024 06:30 AM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,617 sqft

Price per Sqft $555

MLS Listing ID PW-24228132

Year Built 1922

Lot Size 6,523 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!You can also find this listing under MLS: PW24245138

Location

State CA

County Los Angeles

Zoning LCC2*

Interior

Heating Wall Furnace

Cooling None

Flooring Vinyl

Fireplaces Type None

Laundry Individual Room

Exterior

Parking Features Street, Detached Carport

Pool None

Community Features Sidewalks, Storm Drains, Street Lights

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

View Y/N Yes

View City Lights

Building

Lot Description Walkstreet, Back Yard

Sewer Other, Public Sewer

agent

Nicole Van Parys & Gary Nesen

License Partners, Private Office Advisors | License ID: 01108944

+1(805) 795-1880

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125 North Bandini Street