
San Pedro, California 90732
This property presents a High-Potential Investment Opportunity with a List Price of $749,000—positioned well above the $672,424 Fair Market Value by -11%. While the property requires structural remediation, the Condition Rating of 5 is offset by significant value-add potential, including a detached garage with ADU conversion potential. Located in Miraleste Pines near top-rated schools like Miraleste Intermediate, this asset is a strategic acquisition for Fix-and-Flip Investors or Contractors capable of managing comprehensive structural repairs to capture long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1509 W Santa Cruz Subject | $749,000* List Price | 3 | 2 | 1,182 | $569 | - |
A 1231 W Santa Cruz St. Sold | $550,000 | 3 | 1 | 1,036 | $531 | 0.4 mi |
B 221 N Harbor View Active | $950,000 List Price | 3 | 2 | 1,277 | $744 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952, this 'investor special' shows clear signs of structural settling and is limited to cash or hard money financing, indicating significant defects. While the kitchen and baths have some older updates, they remain dated with 15-30+ year old aesthetics, and the overall property requires a comprehensive rehab rather than just cosmetic fixes.
High School: Palos Verdes Peninsula High School (10/10).
Situated in the prestigious Miraleste Pines area where renovated homes exceed $1.1M, this property offers a substantial value-add opportunity for investors to capture significant market equity.
The detached two-car garage features an attached bonus room, providing an ideal footprint for an Accessory Dwelling Unit (ADU) to maximize rental income or resale value.
The home and garage exhibit clear signs of settling, indicating that the project requires significant structural stabilization rather than just cosmetic improvements.
Due to the property's condition, it is ineligible for FHA or VA financing, restricting the buyer pool to cash, hard money, or high-equity conventional investors.
Investor special in sought-after Miraleste Pines! This charming home sits on a large lot in an area where renovated homes regularly sell for $1.1M+, offering a prime opportunity for investors, contractors, or flippers ready to add value and maximize returns. The home features a functional floor plan with a living room fireplace, dining area, hardwood floors, a primary bedroom with en-suite half bath, and a kitchen and hall bath that have already seen some updating. A detached two-car garage includes an attached bonus room with potential for ADU conversion, while the long driveway provides ample off-street parking. The spacious backyard adds even more possibilities for expansion or outdoor living. Please note: this is not just a cosmetic fixer. The home and garage show clear signs of settling. Cash, hard money, or conventional financing with a substantial down payment only. No FHA or VA financing.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 0.5 mi
Grades K-5 • 1.4 mi
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 | 1,182 | 1,727 | 6% |
| Lot Size | 6,110 | 6,501.5 | 40% |
| Price | $749.0K | $1.15M | 4% |
| Price per sq ft | $634 | $641 | 50% |
| Built year | 1952 | 1957 | 18% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 125 | 8% |
May 16, 2026
$749,000
Initial Listing