1924 W 1st, San Pedro, California 90732, San Pedro, 90732 - 3 bed, 2 bath
1924 W 1st
San Pedro, California 90732
Property Price
SUMMARY
Analysis of 1924 W 1st, San Pedro, California 90732 reveals a Prime Investment Opportunity with a current list price of $995,000—significantly undercutting the $1,062,810 Fair Market Value by 6%. This valuation gap indicates a +$67,810 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1924 W 1st Subject | $995,000* List Price | 3 | 2 | 1,513 | $702 | - |
A 1522 W 1st Street Sold | $1,000,000 | 3 | 2 | 1,544 | $648 | 0.4 mi |
B 131 S Ellery Drive Sold | $1,050,000 | 3 | 2 | 1,544 | $680 | 0.4 mi |
C 1703 Pescadores Sold | $985,000 | 3 | 2 | 1,580 | $623 | 1.0 mi |
D 1103 S Malgren Avenue Sold | $1,050,000 | 3 | 2 | 1,800 | $583 | 0.7 mi |
E 303 N Wycliff Avenue Sold | $1,100,000 | 3 | 2 | 1,716 | $641 | 0.3 mi |
F 1457 W 1st Active | $1,200,000 List Price | 3 | 2 | 1,547 | $776 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is a well-maintained 1955 mid-century home that functions as a 'clean fixer.' While it boasts structural and envelope upgrades such as a roof replaced in 2014 and vinyl windows throughout, the interior is largely original. The kitchen and bathrooms require full modernization to meet current standards, though the original oak hardwood floors are reported to be in near-perfect condition. It is livable but aesthetically outdated.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10713, living area = 1513.
- Great Schools
High School: Palos Verdes Peninsula High School (10/10).
- Pristine Original Features
The home boasts original oak hardwood flooring in near-perfect condition, offering timeless character and immediate value for a mid-century modern renovation.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The property is priced to reflect its original 1955 condition, requiring a comprehensive interior remodel of the kitchen and bathrooms to meet modern luxury standards.
- Laundry Configuration
The original indoor laundry room is currently utilized for storage with hookups relocated to the garage, necessitating minor plumbing work to restore interior functionality.
About 1924 W 1st
Here is the one you've been waiting for! Perfect to update into your dream home. Great bones, good flow, loads of lightness and brightness. Original oak floors throughout in near perfect condition. Large open living and dining rooms have floor to ceiling vinyl windows and slider that overlook the canyon in the backyard. The backyard has huge potential for an large open deck for enteraining, while still retaining some yard for landscapes or gardens. Some harbor lights view down the canyon. Potential to terrace the canyon for more trees and gardens. Large kitchen that can become a great 2-cook kitchen. Indoor laundry room has been used for storage. Washer and dryer hookups are now in the garage, but a simple fix to bring the laundry indoors. Garage has some storage cabinets. Trustee states the roof was installed in 2014. Vinyl windows throughout. This is priced with room to afford to remodel.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1955
- Lot Size
- 10,713 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
San Pedro Unified Schools
Seventh Street Elementary School
Grades K-5 • 0.5 mi
Crestwood Street Elementary School
Grades K-6 • 0.6 mi
Mira Catalina Elementary School
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,513 | 1,712.5 | 30% |
| Lot Size | 10,713 | 6,893 | 88% |
| Price | $995.0K | $1.18M | 20% |
| Price per sq ft | $658 | $654 | 52% |
| Built year | 1955 | 1956 | 48% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 181 | 2% |
Pricing History
Listed for Sale
Mar 4, 2026
$995,000
Initial Listing