
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 | $1,095,000* List Price | 3 | 2 | 1,547 | $637 | - |
A 1924 W 1st Sold | $903,000 | 3 | 2 | 1,513 | $597 | 0.6 mi |
B 1522 W 1st Street Sold | $1,000,000 | 3 | 2 | 1,544 | $648 | 0.2 mi |
C 1103 S Malgren Avenue Sold | $1,050,000 | 3 | 2 | 1,800 | $583 | 0.7 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 Interior images show significant wear, including heavily stained and outdated carpeting, popcorn ceilings, and aged fixtures.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.
FIX & FLIP or EXPAND AND CREATE INCOME STREAM. BRING YOUR OFFER IN APRIL BEFORE THE SUMMER COMPETITION HEATS UP! Split the lot and add multi-units or add ADU? Unique opportunity to expand on this 3-bed, 2-bath, 1,547 square foot fixer home sitting on 3 lots (assigned a single APN number) totaling 9,525 square feet. A potential developer could envision adding SFRs and/or ADUs with LA City Planning Department approval (Attach an ADU for potentially faster approval). LA City Planning office states that 3 addresses are reflected on records, but 1457 is the one that is utilized for the current SFR. Buyer to perform due diligence and confirm potential building and subdividing possibilities with LA City Planning Office. For home buyers looking to move in and add income or an extended family, there is plenty of room to add bedrooms or add an ADU. The backyard has plenty of room for your entertainment creativity. Add additional boat or RV storage by adding backyard gate to the alley! The home includes a basement accessible from the backyard with wine storage or game room potential. Buyer to perform due diligence and confirm potential building and subdividing possibilities with LA City Planning Office. Close proximity to Peck Park, Cabrillo Beach, local dining, 110 Freeway, Vincent Thomas bridge, and the upcoming West Harbor Development, which will span approximately 42 acres and comprise roughly 300,000 square feet of retail, dining, and entertainment space, including a proposed open-air 6,200 seat amphitheater and 1-mile long promenade. Now would be a great time to build prior to the completion of West Harbor which will be bringing new jobs and increased demand for housing. Property sold "as is." Let's make a deal!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,547 | 1,678 | 36% |
| Lot Size | 9,525 | 7,004 | 76% |
| Price | $1.09M | $1.12M | 46% |
| Price per sq ft | $708 | $667 | 58% |
| Built year | 1949 | 1955 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 186 | 2% |
Mar 30, 2026
$1,095,000
Initial Listing