Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    San Pedro Triplex Portfolio Title is generated by Realmo AI

    977 W 2nd St, San Pedro, CA 90731

    View on Map
    Claim this Listing
    For Sale
    $995,000

    Three side-by-side triplexes in San Pedro's Holy Trinity area.

    Type:Investment
    Added:
    Mar 31, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 31 at 4:46 am

    Property Features for 977 W 2nd St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1959

    We can help!

    Listing Contact
    Ruben Khorsandi

    Listing agent Ruben Khorsandi License #01085411

    Listing office Alliance Investment Real Estate Group

    Listing date Mar 31, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Alliance Investment Real Estate Group

    HighLights

    • Portfolio sale: 3 side‑by‑side triplexes in San Pedro's Holy Trinity rental market.
    • Strong in‑place rents provide immediate cash flow.
    • Excellent unit mix: All single‑story 2‑bedroom units, with 6 units completely renovated (kitchens, bathrooms, flooring).
    • Each unit includes central A/C, in‑unit washer/dryer hookups, and a garage.
    • Individually metered for gas and electric, reducing operating expenses.
    • Convenient location near freeways, shopping, and the San Pedro Waterfront development; Very Walkable (Walk Score: 82).

    Overview

    This property portfolio features three side-by-side triplexes situated on separate APNs in the Holy Trinity rental market of San Pedro. The portfolio, located at 977, 983 and 989 2nd Street, consists of all single-story, two-bedroom units. Six of the units have been renovated with new kitchens, bathrooms, and flooring. The exterior has been renovated with new paint and vinyl windows. Each unit includes central A/C and washer and dryer hook-ups, as well as garages for tenants. The property is individually metered for gas and electric, and each unit has its own water heater. The property is near the 110 freeway, 710 freeway, Vincent Thomas Bridge, major shopping centers, international Cruise Ship Terminals, and the San Pedro Waterfront development. The location has a walk score of 82, indicating it is very walkable, a bike score of 56, indicating it is bikeable, and a transit score of 45, indicating some transit options are available. The property qualifies for 30-year fixed residential financing.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Pedro
    County
    Los Angeles
    State
    California
    Longitude
    -118.2330521
    Latitude
    34.0472972

    Nearby Similar for Sale

    • $498,000
      2,340 SF

      Established Restaurant Business Opportunity

      Well-established restaurant with loyal customer base in prime location.
      1930 S Pacific, San Pedro, CA 90731
      View Details
    • $949,000
      2,766 SF

      San Pedro Triplex with Upside

      Well-maintained triplex near downtown and upcoming waterfront development.
      338 W 9th Street, San Pedro, CA 90731
      View Details
    • $999,900
      3,716 SF

      San Pedro Multifamily Investment Opportunity

      Multifamily property near waterfront with income and growth potential.
      629 W 8th W, San Pedro, CA 90731
      View Details
    • $725,000
      1,585 SF

      San Pedro Duplex Opportunity

      Vacant duplex in San Pedro's Holy Trinity neighborhood.
      981 W Upland, San Pedro, CA 90731
      View Details
    • $2,900,000
      4,320 SF

      San Pedro Commercial Building For Sale

      Prime commercial building in San Pedro, rebuilt in 2000.
      571 W 7th Street, San Pedro, CA 90731
      View Details
    • $849,000
      1,991 SF

      San Pedro Triplex with Vacancy

      Triplex in San Pedro with one vacant unit.
      1625 S Mesa, San Pedro, CA 90731
      View Details
    • $1,695,000
      7,226 SF

      San Pedro Multifamily Investment Opportunity

      Gated 7-unit property in San Pedro's Holy Trinity neighborhood.
      129 N Cabrillo Avenue, San Pedro, CA 90731
      View Details
    • $1,275,000
      8,500 SF

      San Pedro Retail Investment Opportunity

      Three-unit retail building in San Pedro's revitalization area.
      705 S Pacific, San Pedro, CA 90731
      View Details
    • $649,000
      1,836 SF

      Craftsman Duplex in San Pedro

      Charming 1918 Craftsman duplex in high-demand San Pedro rental pocket.
      925 S Grand Avenue, San Pedro, CA 90731
      View Details
    • $1,399,000
      2,797 SF

      San Pedro Quadruplex Investment Opportunity

      Four-unit property in San Pedro, CA, with recent renovations.
      1054 W 23rd Street, San Pedro, CA 90731
      View Details
    • $1,649,000
      4,058 SF

      San Pedro Quadruplex with Harbor Views

      Desirable San Pedro quadruplex with city and harbor views.
      719 Oro Terrace, San Pedro, CA 90731
      View Details
    • $1,399,000
      2,797 SF

      San Pedro Quadruplex Investment Opportunity

      Four-unit property near West Harbor development in San Pedro.
      1054 W 23rd Street, San Pedro, CA 90731
      View Details

    FAQs

    What type of property is this?
    Triplex - Three side-by-side triplexes in San Pedro's Holy Trinity area.
    Where is this triplex located?
    The property is located at 977 W 2nd St San Pedro, CA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Portfolio sale: 3 side‑by‑side triplexes in San Pedro's Holy Trinity rental market.; Strong in‑place rents provide immediate cash flow.; **Excellent unit mix: All single‑story 2‑bedroom units, with 6 units completely renovated (kitchens, bathrooms, flooring).**
    (949) 250-0400
    We can help!
    Listing Contact
    Ruben Khorsandi
    Real Estate License ID: 01085411
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    977 W 2nd St, San Pedro, CA 90731
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!