1274 W 3rd, San Pedro, California 90732, San Pedro, 90732 - 3 bed, 2 bath

1274 W 3rd, San Pedro, California 90732 home-pic-0

1274 W 3rd

San Pedro, California 90732

ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,370Sq Ft
4,993Lot Size

Property Price

LIST PRICE$949,000
EST. MARKET VALUE
$1,031,294
7% BelowMARKET VALUE

SUMMARY

Analysis of 1274 W 3rd, San Pedro, California 90732 reveals a Prime Investment Opportunity with a current list price of $949,000—significantly undercutting the $1,031,294 Fair Market Value by 7%. This valuation gap indicates a +$82,294 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Pedro Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,031,294 +$82,294 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Pedro.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1274 W 3rd
Subject
$949,000*
List Price
321,370$753-
A
662 Rapallo Avenue
Sold
$1,085,000321,376$7890.8 mi
B
1242 W Summerland Avenue
Sold
$860,000211,124$7650.4 mi
C
1801 W Chandeleur Drive
Sold
$1,175,000321,344$8740.7 mi
D
303 N Wycliff Avenue
Sold
$1,100,000321,716$6410.7 mi
E
529 N Leland
Active
$1,150,000
List Price
321,375$8360.4 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

Although originally built in 1922, the property has undergone extensive recent renovations that bring it to modern standards. Key updates include brand new vinyl flooring, fresh interior paint, a new wall heater, recessed lighting, and dual-pane windows. The kitchen is fully modernized with granite countertops and stainless steel appliances, and the bathrooms are well-maintained with a mix of contemporary updates and classic charm, making the home move-in ready with no deferred maintenance.

PROSSTRENGTHS & OPPORTUNITIES

  • Modernized Turn-Key Interior

    This 1920s gem has been thoroughly updated with contemporary finishes, including brand new vinyl flooring, fresh interior paint, recessed lighting, and dual-pane windows with wood shutters.

  • Gourmet Kitchen Design

    The kitchen serves as a focal point with premium granite countertops, a functional center island for extra storage, and a full suite of stainless steel appliances.

  • Value-Add ADU Potential

    The property features alley access and a history of previously approved ADU plans, providing a significant opportunity for the buyer to increase equity or generate rental income.

CONSRISKS & DEFICIENCIES

  • Limited Garage Space

    The home only offers a one-car detached garage, which may be a constraint for a three-bedroom household with multiple vehicles or significant storage requirements.

  • Expired Development Permits

    Although ADU potential is high, the 2020 approved plans are currently expired, requiring the new owner to navigate the re-approval process and potential zoning updates.

About 1274 W 3rd

Quintessential American Dream, thoroughly updated and well maintained, charming gem in Upper Holy Trinity area where YMCA anchors a healthy walkable neighborhood. Enclosed front yard with new white vinyl fence, accommodating a long driveway into the backyard. Stepping up the solid wood porch, it opens to a spacious living room with brand new vinyl flooring, newly painted interior, recessed lights, dual pane windows and wood shutters. The spacious living room flows seamlessly into the dining area, complete with a new wall heater, creating a warm and inviting space for everyday living and entertaining. The gourmet kitchen is a true standout, showcasing granite countertops, a functional center island with generous storage, stainless steel appliances —including a stove, built-in microwave, and dishwasher—make this kitchen both stylish and practical for cooking and hosting. Two secondary bedrooms are connected by a Jack-and-Jill bathroom featuring original classic honeycomb tile flooring. The primary suite offers privacy and comfort with an en-suite bathroom with tile flooring, a walk-in shower, and pedestal sink. A bright and airy laundry room / bonus room is ideal for a mudroom, home office, craft space or a spacious pantry. The back porch enjoys a private enclosed yard with a one-car detached garage, alley access. An ADU plan was approved in 2020, currently expired. ADU potential.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1922
Lot Size
4,993 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.02.0
50%
Square foot1,3701,712.5
22%
Lot Size4,9936,820.5
12%
Price$949.0K$1.18M
14%
Price per sq ft$693$654
60%
Built year19221956
2%
HOA$0$0
50%
Days on market45180
4%

Pricing History

Listed for Sale

Jan 20, 2026

$949,000

Initial Listing

Sold

Jun 12, 2018

$577,500

Public Record

Sold

Jan 13, 2014

$490,000

Public Record

Sold

Jun 13, 2013

$335,000

Public Record

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