770 West 2nd Street

San Pedro, CA 90731

$1,399,000
Price
7
Beds
4
Baths
3,731 Sq. Ft.
$375 / Sq. Ft.
3,731
Sq. Ft.
$375
per Sq. Ft.

Description

Get ready to own this unique turnkey triplex with 7 bedrooms and 4 bathrooms, spanning 3,731 sq ft. Built in 1988, this property is not subject to RSO rent control. It is situated on a 5,001 sq ft elevated lot with alley access in the highly sought-after Holy Trinity Area of San Pedro. The property offers panoramic ocean and hill views from both front-facing units. Some recent upgrades include a new roof, deck/balcony waterproofing, double-pane windows, new flooring, central heating, remodeled bathrooms,...Get ready to own this unique turnkey triplex with 7 bedrooms and 4 bathrooms, spanning 3,731 sq ft. Built in 1988, this property is not subject to RSO rent control. It is situated on a 5,001 sq ft elevated lot with alley access in the highly sought-after Holy Trinity Area of San Pedro. The property offers panoramic ocean and hill views from both front-facing units. Some recent upgrades include a new roof, deck/balcony waterproofing, double-pane windows, new flooring, central heating, remodeled bathrooms, and appliances. This one-of-a-kind property provides numerous development or usage options for the future owner. An opportunity also exists to increase the Gross Annual Income from over $108k to over $132k by converting the three-car garage into an ADU while maintaining 4 parking spaces at the back of the property. The property features a mix of units, all separately metered for gas and electricity, consisting of 2 units with 2 bedrooms and 1 bathroom each (around 880 sq ft each) and one spacious 3-bedroom, 2-bathroom Penthouse Unit close to 2,000 sq ft in size. The Penthouse Unit offers a primary bedroom with an ensuite bathroom, an open fireplace, an around 600 sq ft deck, a balcony with ocean views, and more. Whether you are an investor or looking to settle down, this property offers flexibility and comfort. Act quickly, as this opportunity will not last for long! All units will be delivered vacant. All units will be delivered vacant --
  1. Listed by Gabriela Bermudez • DRE #01305717 • Brokerage DRE #01984062 • Las Lomas Realty, Inc. • 310-874-8928
  2. Listed by Marc Brenneiser • DRE #02027649 • Brokerage DRE #01984062 • Las Lomas Realty, Inc.

Property Details for 770 West 2nd Street

Architectural Style
Contemporary
View
City Lights, Harbor, Neighborhood, Ocean
Parking Spaces Total
6
Private Pool
No
Cooling Type
N/K
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 08/28/2024 08:06 AM

Property Details for 770 West 2nd Street

StatusActive
MLS #SB24143534
Days on Market44
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1988
Lot Size0.11 AC / 5,001 SF
CountyLos Angeles County

Building Information for 770 West 2nd Street

Stories2Residences-Year Built1988Building Size-Lot Size0.11 AC / 5,001 SF

Property Information for 770 West 2nd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $108,000
  • Net Operating Income: $82,250
  • Cap Rate: 5.6
Expense Details
  • Operating Expense: $25,750
  • New Taxes Expense: $18,750
  • Fuel Expense: $0
  • Electric Expense: $1,200
  • Insurance Expense: $1,600
  • Other Expense: $600
  • Other Expense Description: Gas
  • Trash Expense: $0
  • Water Sewer Expense: $3,600
  • Total Expenses: $25,750
Tax / Assessment Info
  • Tax Block: K
  • Tax Tract Number: 2
  • Tax Census Tract: 2966.00
  • CFD/Mello-Roos Fee: $465
  • Tax Lot: 17
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Double Oven, Disposal, Gas Range, Water Line to Refrigerator
  • Equipment: Dishwasher, Inside, Room, Washer Hookup, Water Line to Refrigerator
  • Interior Features: Beamed Ceilings, Copper Plumbing Full, Quartz Counters, Recessed Lighting, Tile Counters
  • Room Type: All Bedrooms Down, All Bedrooms Up, Kitchen, Laundry
  • Bedroom Features: All Bedrooms Down, All Bedrooms Up
  • Laundry: Yes
  • Laundry Features: Individual Room, Inside, Washer Hookup
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: None
  • Heating Type: Central, Wall
  • Heating: Central, Wall Furnace
  • Flooring: Tile, Vinyl
Exterior Features
  • Door Features: Mirror Closet Door(s), Panel Doors
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Security Lights, Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Lighting
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Block, Wrought Iron
  • Foundation Details: Slab
  • View Description: City Lights, Harbor, Ocean
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Green Info
  • Green Energy Efficient: Roof, Windows
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Garage: Assigned, Door Opener, Driveway, Garage - 1 Car
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 3
  • Carport Spaces: 0
  • Parking Features: Assigned, Driveway, Garage - Single Door, Garage Door Opener
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Pro Forma: 3700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Pro Forma: 2650
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Disposal: 3

Property History for 770 West 2nd 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 770 West 2nd Street

Taxable ValueLand$77,698Additions$362,000Total$439,698
Tax Record2023$5,738 ($478 / month)
Home Facts
Total Finished SqFt3,731 SqFtAbove Grade Finished SqFt3,731 SqFtLot Size5,001 SqFtStyleTriplexYear Built1988ZoningLARD1.5CountyLOS ANGELESAPN7451-010-016

Schools near 770 West 2nd 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
Charter - 9 to 12
Rating
School
Distance
Cabrillo Avenue Elementary School
PublicK to 5

Richard Henry Dana Middle School
Public6 to 8

San Pedro Senior High School
Public9 to 12

Port Of Los Angeles High School
Charter9 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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770 West 2nd Street is a multi-family home for sale in San Pedro, CA 90731. This property was listed for sale on July 18, 2024 by Las Lomas Realty, Inc., it's currently listed at $1,399,000. It has been on the market for a total of 44 days and was last sold on December 28, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Cabrillo Avenue Elementary School, Richard Henry Dana Middle School and San Pedro Senior High School. 770 West 2nd Street is a 7-bed, 4-bath, 3,731 sqft multi-family home built in 1988.

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 Las Lomas Realty, Inc., Gabriela Bermudez, DRE #01305717; Las Lomas Realty, Inc., Marc Brenneiser, DRE #02027649

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.