125 North Bandini Street

San Pedro, CA 90731

$899,000
Price
4
Beds
3
Baths
1,617 Sq. Ft.
$556 / Sq. Ft.
1,617
Sq. Ft.
$556
per Sq. Ft.

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...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!
  1. Listed by Melinda Elmer • DRE #01399946 • Brokerage DRE #01849354 • Century 21 Masters • 562-316-2915

Property Details for 125 North Bandini Street

View
City Lights, Neighborhood
Parking Spaces Total
2
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Detached
Lot Size Source
Estimated
Living Area
1617
LISTING UPDATED: 11/15/2024 05:11 AM

Property Details for 125 North Bandini Street

StatusActive
MLS #PW24228132
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1922
Lot Size0.15 AC / 6,523 SF
CountyLos Angeles County

Building Information for 125 North Bandini Street

Stories1Residences-Year Built1922Building Size-Lot Size0.15 AC / 6,523 SF

Property Information for 125 North Bandini Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Grounds Care
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $6,050
  • Gross Operating Income: $6,050
  • Net Operating Income: $5,567
  • Number Of Rented Garages: 0
Expense Details
  • Operating Expense: $483
  • Fuel Expense: $50
  • Electric Expense: $265
  • Insurance Expense: $0
  • Trash Expense: $25
  • Water Sewer Expense: $143
  • Total Expenses: $483
Tax / Assessment Info
  • Tax Block: 3
  • Tax Tract Number: 1034
  • Tax Census Tract: 6099.00
  • CFD/Mello-Roos Fee: $452
  • Tax Lot: 26
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater
  • Equipment: Dishwasher, Microwave, Refrigerator, Room
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Individual Room
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Vinyl
Exterior Features
  • Window Features: Screens
  • Entry Location: 1
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Back Yard, Walkstreet
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Electric: Cable Available, Electricity Available, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage: On street
  • Parking Garage Spaces: 0
  • Carport Spaces: 2
  • Parking Features: Detached Carport, Street
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,800
  • Unit Type Total Rent: $2,800
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 1700
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 1
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Number With Patio: 2

Property History for 125 North Bandini Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 125 North Bandini Street

Taxable ValueLand$341,347Additions$85,335Total$426,682
Tax Record2024$5,516 ($460 / month)
Home Facts
Beds2Total Finished SqFt860 SqFtAbove Grade Finished SqFt860 SqFtStories1Lot Size6,525 SqFtStyleSingle Family ResidenceYear Built1922ZoningLCC2*CountyLOS ANGELESAPN7452-013-019

Schools near 125 North Bandini Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 12
Rating
School
Distance
Bandini Street Elementary School
PublicK to 5

Rudecinda Sepulveda Dodson Middle School
Public6 to 8

San Pedro Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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125 North Bandini Street is a multi-family home for sale in San Pedro, CA 90731. This property was listed for sale on October 15, 2024 by Century 21 Masters, it's currently listed at $899,000. It has been on the market for a total of 11 days and was last sold on October 13, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Bandini Street Elementary School, Rudecinda Sepulveda Dodson Middle School and San Pedro Senior High School. 125 North Bandini Street is a 4-bed, 3-bath, 1,617 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Masters, Melinda Elmer, DRE #01399946

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.