116 N Cabrillo, San Pedro, California 90731, San Pedro, 90731 - 2 bed, 2 bath
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116 N Cabrillo
San Pedro, California 90731
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
968Sq Ft
3,751Lot Size
Property Price
LIST PRICE$750,000
EST. MARKET VALUE
$758,593
SUMMARY
This Residential Income Duplex is a Strong Value Opportunity, listed at $750,000—positioned well below the $758,594 Fair Market Value by 1%. This valuation gap offers $8,594 in Instant Equity. Featuring an Excellent Condition Rating with recent 2022 remodels and updated infrastructure, this asset provides immediate rental readiness. Located near the LA Waterfront and SpaceX, it offers significant long-term growth potential. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey house-hack.
Estimated Market Value
$758,593
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 |
|---|---|---|---|---|---|---|
★ 116 N Cabrillo Subject 2 bd · 2 ba · 968 sqft · $784 | $750,000* List Price | 2 | 2 | 968 | $784 | - |
A 356 W 14th Active 0 bd · 0 ba · 1,058 sqft · $745 · 1.0 mi | $788,000 List Price | 0 | 0 | 1,058 | $745 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1927, the property meets the excellent criteria due to recent comprehensive renovations. Unit 120 was remodeled in 2022 (<5 years), and Unit 116 features a recently updated kitchen, bathroom, and flooring. Furthermore, critical systems were addressed with new drain pipes installed in 2019, placing the overall condition in a mint, move-in ready state with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- Recent Renovations
Both units have undergone significant updates, including a 2022 remodel for one and recent kitchen, bathroom, and flooring upgrades for the other, reducing immediate capital expenditure for a new owner.
- Strategic Growth Location
Situated less than a mile from the LA Waterfront redevelopment and SpaceX facilities, the property is positioned in a high-growth corridor with strong potential for long-term appreciation and rental demand.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
With only 968 total square feet across two units, the living spaces are quite compact, which may limit the tenant pool to individuals or couples and cap the maximum achievable rent.
- Vintage Infrastructure Risks
Built in 1927, the property may still harbor aging systems typical of century-old homes, such as electrical or foundation issues, despite recent cosmetic and plumbing improvements.
About 116 N Cabrillo
Perfect opportunity for first-time investor in the historic Holy Trinity neighborhood of San Pedro. This charming bungalow-style duplex features two detached 1-bedroom, 1-bathroom units, each offering a functional floor plan, private backyard, laundry hookups, separate garage, and individually metered gas and electricity. Unit 120 was remodeled in 2022. Unit 116 has been recently updated with new flooring, remodeled kitchen, remodeled bathroom, and fresh finishes throughout. New drain pipes were installed for both units in 2019. Each unit has its own Washer and Dryer hookups, Conveniently located less than one mile from Downtown San Pedro and the rapidly transforming LA Waterfront, including the new San Pedro Public Market, West Harbor waterfront development, AltaSea, and nearby SpaceX facilities. This property offers excellent long-term upside in one of the area's most exciting growth corridors.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1927
- Lot Size
- 3,751 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Pedro Unified Schools
Bandini Street Elementary School
Grades K-6 • 0.3 mi
5/10
Cabrillo Avenue Elementary School
Grades K-5 • 0.4 mi
3/10
Barton Hill Elementary School
Grades K-6 • 0.4 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.8 |
| Baths | 2.0 | 2.3 |
| Square foot | 968 | 2,591.526 |
| Lot Size | 3,751 | 5,309.842 |
| Price | $750.0K | $912.4K |
| Price per sq ft | $775 | $383 |
| Built year | 1927 | 1953 |
| HOA | $0 | $0 |
| Days on market | 20 | 78 |
Pricing History
Listed for Sale
Oct 5, 2026
$750,000
Initial Listing
Sold
Nov 5, 2021
$515,000
Public Record
Sold
Apr 5, 2019
$425,000
Public Record