1457 W 1st, San Pedro, California 90732, San Pedro, 90732 - 3 bed, 2 bath
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San Pedro, California 90732
This Multi-Lot Development Asset is listed at $1,095,000, representing a strategic acquisition near the transformative West Harbor Development. While the price sits above the $985,371 Fair Market Value, the valuation reflects the unique ROI potential of the 9,525 Sqft Lot spanning three parcels. With a Condition Rating of 5, the property allows for lot splitting or multi-unit expansion within the Los Angeles Unified district. Featuring Distant Harbor Views and alley access, the site is a High-Potential Investment Opportunity for Fix-and-Flip Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1457 W 1st Subject | $995,000* List Price | 3 | 2 | 1,547 | $602 | - |
A 1924 W 1st Sold | $903,000 | 3 | 2 | 1,513 | $597 | 0.6 mi |
B 1103 S Malgren Avenue Sold | $1,050,000 | 3 | 2 | 1,800 | $583 | 0.7 mi |
C 1509 W Santa Cruz Active Under Contract | $749,000 List Price | 3 | 2 | 1,182 | $634 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is explicitly marketed as a 'fixer' and 'fix & flip' opportunity. Interior images show significant wear, including heavily stained and outdated carpeting, popcorn ceilings, and aged fixtures. While the kitchen has had some mid-life updates to the cabinetry and counters, the overall condition of the home, including the dilapidated exterior structures and worn interior finishes, requires substantial rehabilitation.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9525, living area = 1547.
The expansive 9,525 square foot lot, comprised of three parcels, offers a rare opportunity for lot splitting, multi-unit expansion, or the addition of ADUs to maximize ROI.
Ideally situated near the upcoming 42-acre West Harbor Development, Peck Park, and Cabrillo Beach, ensuring long-term value appreciation and high rental demand.
The home is sold in 'as-is' condition and requires significant renovation or redevelopment, necessitating a substantial upfront capital investment.
Realizing the full development potential requires navigating LA City Planning approvals for lot splitting and zoning, which involves time and due diligence risks.
MAJOR PRICE IMPROVEMENT! GREAT OPPORTUNITY FOR DEVELOPERS. Charming 3-bedroom, 2-bath home with dining room, living room, galley kitchen and a large backyard full of fruit trees and owned by one family since being built in 1949. This charming home is ready for updating and modernizing, to bring out its true beauty! Imagine building your backyard oasis with its current mandarin orange, lemon, and grapefruit trees. Or consider additional parking or a pass-through garage with alley access. The sky is the limit! For Developers and Investors, a unique opportunity to expand or transform this property with ADU or units. LA City Planning office states that 3 addresses (1 APN) are reflected on records, but 1457 is the address that was assigned to the home. Buyer to perform due diligence and confirm potential ADU building and subdividing/lot-splitting possibilities with LA City Planning Office. Property sold "as is."
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,547 | 1,475 |
| Lot Size | 9,525 | 5,172 |
| Price | $995.0K | $1.01M |
| Price per sq ft | $643 | $609 |
| Built year | 1949 | 1961 |
| HOA | $0 | $333 |
| Days on market | 114 | 52 |
May 14, 2026
$995,000
$1,095,000
-9% Price Drop
Initial Listing
Mar 30, 2026
$1,095,000
Initial Listing