1054 W 23rd Street, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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1054 W 23rd Street
San Pedro, California 90731
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,797Sq Ft
5,016Lot Size
Property Price
LIST PRICE$1,399,000
EST. MARKET VALUE
$1,191,162
17% AboveMARKET VALUE
SUMMARY
This Residential Income Quadruplex represents a High-Potential Investment Opportunity, listed at $1,399,000—positioned above the $1,191,162 Fair Market Value. Despite the premium, the property features a rare 4.75% assumable mortgage and over $150,000 in recent capital improvements, including renovated units and updated systems. With a Condition Rating of 3, this asset offers stabilized income in a high-growth zone near the West Harbor redevelopment. It is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking long-term appreciation and immediate rental demand.
Estimated Market Value
$1,191,162
Based on Realkey algorithm analyzing recent comparable sales in San Pedro.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1054 W 23rd Street Subject 0 bd · 0 ba · 2,797 sqft · $426 | $1,399,000* List Price | 0 | 0 | 2,797 | $426 | - |
A 1136 W 10th Sold 0 bd · 0 ba · 3,065 sqft · $424 · 0.8 mi | $1,300,000 | 0 | 0 | 3,065 | $424 | 0.8 mi |
B 939 941 W 17th Sold 0 bd · 0 ba · 2,804 sqft · $383 · 0.4 mi | $1,075,000 | 0 | 0 | 2,804 | $383 | 0.4 mi |
C 939 941 W 17th Sold 6 bd · 4 ba · 2,804 sqft · $383 · 0.4 mi | $1,075,000 | 6 | 4 | 2,804 | $383 | 0.4 mi |
D 464 W 17th St Sold 0 bd · 0 ba · 3,224 sqft · $350 · 0.8 mi | $1,130,000 | 0 | 0 | 3,224 | $350 | 0.8 mi |
E 1810 S Leland Active 0 bd · 0 ba · 2,781 sqft · $406 · 0.3 mi | $1,129,000 List Price | 0 | 0 | 2,781 | $406 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1987 and significantly updated with over $150,000 in recent capital improvements. The property features fully renovated rear units, new appliances, and new water heaters. With fresh exterior paint and an upgraded drainage system, the property is well-maintained and move-in ready, meeting the criteria for a high-quality functional investment.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- Assumable Financing
The property features a rare 4.75% assumable mortgage, offering a significant competitive advantage for investors to secure below-market interest rates and maximize immediate cash flow.
- Extensive Capital Improvements
With over $150,000 in recent upgrades—including fully renovated rear units, new water heaters, updated drainage, and fresh exterior paint—the property minimizes near-term CapEx requirements.
CONSRISKS & DEFICIENCIES
- Lack of Scenic Views
The property does not offer the ocean or city light views common to many San Pedro hillside locations, which may slightly limit its premium rental or resale appeal compared to view-oriented competitors.
- Inconsistent Unit Modernization
While the three rear units are fully renovated, the front 2-bedroom house is not explicitly listed as updated, potentially requiring further investment to achieve uniform market-leading rents across the entire lot.
About 1054 W 23rd Street
ASSUMABLE MORTGAGE 4.75%. Four-unit income property with upside in a rapidly improving San Pedro pocket. The property consists of a 2-bed/1-bath front house and three renovated 1-bed/1-bath units in the rear. Over $150,000 in recent capital improvements, including full renovation of rear units, new water heaters and appliances, termite tenting (May 2023), exterior paint, vinyl gates, garage door, and upgraded drainage system. Located minutes from the $100M+ West Harbor waterfront redevelopment, positioning the property for long-term appreciation and rental demand. Strong unit mix, major systems updated, and minimal deferred maintenance. Ideal for investors seeking stabilized income with future upside in one of San Pedro’s most active redevelopment zones.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1987
- Lot Size
- 5,016 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Pedro Unified Schools
Leland Street Elementary School
Grades K-6 • 0.1 mi
5/10
White Point Elementary School
Grades K-6 • 0.7 mi
7/10
Fifteenth Street Elementary School
Grades K-5 • 1.0 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.8 |
| Baths | 0.0 | 2.3 |
| Square foot | 2,797 | 2,591.526 |
| Lot Size | 5,016 | 5,309.842 |
| Price | $1.40M | $912.4K |
| Price per sq ft | $500 | $383 |
| Built year | 1987 | 1953 |
| HOA | $0 | $0 |
| Days on market | 8 | 78 |
Pricing History
Listed for Sale
Oct 17, 2026
$1,399,000
Initial Listing
Sold
Jun 13, 2022
$1,190,000
Public Record
Sold
Nov 20, 2003
$650,000
Public Record
Sold
Mar 29, 1996
$260,000
Public Record