125 N Bandini Street San Pedro, CA 90731
Listing Courtesy of: CRMLS / Century 21 Masters / Melinda Elmer - Contact:  562-316-2915

  125 N Bandini Street San Pedro, CA 90731

Active (15 Days)
$899,000

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!

MLS #:
PW24228132
Lot Size
6,523 SQFT
Type
Multifamily
Year Built
1922
Views
Neighborhood, City Lights
County
Los Angeles County

Listed By

Melinda Elmer, DRE #01399946 CA, Century 21 Masters, Contact: 562-316-2915
Source
CRMLS
Last checked Nov 22 2024 at 1:00 AM GMT+0000
Bathroom Details
Interior Features
  • Windows: Screens
  • Water Heater
  • Refrigerator
  • Microwave
  • Gas Range
  • Gas Oven
  • Disposal
  • Dishwasher
  • Laundry: Laundry Room
  • All Bedrooms Down
Lot Information
  • Walkstreet
  • Back Yard
Heating and Cooling
  • Wall Furnace
Flooring
  • Vinyl
Utility Information
  • Utilities: Water Source: Public, Water Connected, Water Available, Sewer Connected, Sewer Available, Phone Available, Natural Gas Connected, Natural Gas Available, Electricity Available, Cable Available
  • Sewer: Public Sewer
Parking
  • On Street
  • Detached Carport
Stories
  • 1
Additional Information: Masters Long Beach | 562-316-2915
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Nov 15, 2024
Price Changed
$899,000
-5%
-46,000
Oct 15, 2024
Original Price
$945,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by C21 Masters and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.