1141 W 21st, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
This Value-Add Multi-Unit Asset is listed at $799,000, representing a stable valuation aligned with its $795,841 Fair Market Value. Although the units feature vaulted ceilings, hardwood floors, and custom cabinetry, the property holds a Dated Condition Rating due to significant city occupancy and permit compliance issues. With Seller Financing available, the layout offers a private deck, gated parking, and proximity to the San Pedro Waterfront. Served by Taper Avenue Elementary (9/10) and Palos Verdes Peninsula High (10/10), this is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants prepared to unlock value through code remediation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1141 W 21st Subject | $799,000* List Price | 0 | 0 | 1,564 | $509 | - |
A 1240 W 22nd St Sold | $930,000 | 4 | 2 | 1,792 | $519 | 0.1 mi |
B 1240 W 22nd St Sold | $930,000 | 0 | 0 | 1,792 | $519 | 0.1 mi |
C 1939 South Alma Street Sold | $799,000 | 0 | 0 | 1,520 | $526 | 0.2 mi |
D 1515 S Walker Avenue Sold | $905,000 | 0 | 0 | 1,512 | $599 | 0.4 mi |
E 1515 S Walker Avenue Sold | $905,000 | 3 | 2 | 1,512 | $599 | 0.4 mi |
F 728 W 11th Street Sold | $865,000 | 4 | 2 | 1,872 | $462 | 0.8 mi |
G 764 W 12th Active | $800,000 List Price | 0 | 0 | 1,500 | $533 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Originally built in 1932, the property features renovations that appear to be 15-25 years old, placing it in the dated category. While the interior is visually well-maintained with custom cabinetry and hardwood floors, the kitchen and bathrooms lack modern updates. Crucially, the listing discloses significant city occupancy and permit compliance issues that require the buyer to bring the structures up to code, indicating necessary remedial work beyond simple cosmetics.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property features two distinct residences on one lot, providing an excellent opportunity for multi-generational living, a dedicated home office, or generating rental income to offset the mortgage.
Both units boast sophisticated architectural details, including vaulted ceilings, hardwood floors, custom cabinetry, and integrated appliances, offering a level of character and quality rarely found in standard duplexes.
The property has documented city occupancy and permit compliance issues that the future owner must rectify, which may involve significant additional costs and bureaucratic hurdles.
Originally built in 1932, the property may require ongoing maintenance or hidden upgrades to its core systems despite the extensive cosmetic and custom improvements.
1141 - 1143 W 21st Street, San Pedro offers a rare opportunity to own a two unit, 1,564 total sq ft, property with extensive custom details and private outdoor spaces.Please download and read supplemental document regarding current city occupancy and permit compliance issues that need to be brought up to code by future owner. The front one-story residence features a vaulted-ceilings, hardwood floors and recessed lighting, an efficiently designed kitchen with custom cabinetry, built-in refrigerator and dishwasher, and an integrated dining counter. The bedroom includes built-in storage and desk, loft sleeping area, and en-suite bathroom and walk-in closet. A sun filled wood deck and patio connects the two homes. The rear two-story residence offers a flexible layout with large foyer, built-in custom cabinetry and flowing natural light throughout, and an expansive laundry room with storage. The lower-level offers a bedroom suite with attached spacious bathroom and finished concrete floors. The upper level includes a light-filled kitchen with built-in dining area and flex space, large picture windows, an additional bedroom, and custom bathroom. The low maintenance large backyard with tall bamboo trees and fencing creates a secluded retreat. Additional features include dual-pane windows, outdoor shower, laundry chute, automatic gated driveway with room for 2 to 3 cars, outdoor storage shed. This property is ideal for multi- generational living, rental income, or home office use. Conveniently located near beaches, dining, and the up-and-coming San Pedro waterfront. Seller is willing to entertain a Seller Financing. Please download and read supplemental document regarding current city occupancy and permit compliance issues that need to be brought up to code by future owner.
No exterior & parking available.
Grades K-6 • 0.1 mi
Grades K-6 • 0.7 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,564 | 2,258.5 | 20% |
| Lot Size | 5,404 | 5,199 | 57% |
| Price | $799.0K | $985.0K | 15% |
| Price per sq ft | $511 | $470 | 57% |
| Built year | 1932 | 1928 | 54% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 210 | 2% |
Apr 17, 2026
$799,000
Initial Listing
Oct 27, 2017
$669,000
Public Record