1042 W 15th, San Pedro, California 90731, San Pedro, 90731 - 2 bed, 1 bath
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San Pedro, California 90731
This Value-Add Development Asset is listed at $698,000, representing market-aligned pricing near its $654,579 Fair Market Value. Holding a Condition Rating of 5, the property requires a full rehab but offers massive upside through its 6,076 sq ft lot, detached bonus structure, and oversized rear garage with ADU potential. Access to elite schools like Taper Avenue Elementary (9/10) and Palos Verdes Peninsula High (10/10) ensures strong future resale demand. This project is a prime acquisition for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1042 W 15th Subject | $698,000* List Price | 2 | 1 | 890 | $735 | - |
A 1221 W 13th Street Sold | $690,000 | 2 | 1 | 936 | $737 | 0.3 mi |
B 1223 W 23rd Street Sold | $705,000 | 3 | 1 | 972 | $725 | 0.6 mi |
C 1092 W 6th Sold | $705,000 | 3 | 1 | 972 | $725 | 0.6 mi |
D 947 W 20th Street Sold | $850,000 | 3 | 2 | 1,064 | $799 | 0.4 mi |
E 1305 S Cabrillo Active | $779,000 List Price | 2 | 1 | 1,246 | $625 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922 with interior renovations (kitchen/bath) appearing to be 30-40 years old. The listing explicitly targets investors and developers for a 'project' and 'value-add' opportunity, indicating that while currently habitable, the property requires a full rehab of dated systems and finishes to meet modern standards.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The 6,076 sq ft lot includes a detached bonus structure and an oversized rear garage, offering prime opportunities for ADU conversions or multi-unit development.
Located approximately 2 miles from Cabrillo Beach, the property benefits from strong rental demand and lifestyle appeal associated with the San Pedro waterfront.
Built in 1922 and marketed as an investor opportunity, the property likely requires substantial capital improvement to modernize the existing 890 sq ft structure.
The current 2-bedroom, 1-bath footprint is quite small, which may limit immediate appeal to traditional owner-occupants without a significant expansion project.
Calling all investors, developers, and visionaries! Exceptional opportunity in the heart of San Pedro with endless potential on a spacious 6,076 sq ft lot. This 2-bedroom, 1-bath home offers 890 sq ft of living space and is primed for your next project. Unlock the possibilities with multiple value-add opportunities: a detached bonus structure ideal for a home office, studio, or future ADU, plus an oversized rear garage with strong conversion potential. The generous lot size opens the door for expansion or multi-unit development (buyer to verify), making this a standout opportunity for those looking to maximize returns. The property is fully gated in the front, offering privacy and security, with a long driveway that accommodates multiple vehicles—perfect for future tenants or multi-unit use. The outdoor space is a hidden gem, featuring a large, fruit-producing avocado tree and additional mature landscaping that creates a peaceful, private sanctuary feel. Ideally located just approximately 2 miles (about a 5-minute drive) from Cabrillo Beach, enjoy easy access to coastal living, ocean breezes, and all that the San Pedro waterfront has to offer. Whether you're looking to renovate, expand, or develop, this property delivers the space, layout, and location to bring your vision to life.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 38% |
| Baths | 1.0 | 2.0 | 35% |
| Square foot | 890 | 1,251 | 25% |
| Lot Size | 6,076 | 5,002 | 73% |
| Price | $698.0K | $815.5K | 23% |
| Price per sq ft | $784 | $651 | 75% |
| Built year | 1922 | 1929 | 23% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 187 | 2% |
Apr 3, 2026
$698,000
Initial Listing
Feb 18, 2015
$335,500
Public Record