2222 S Mesa St. 18, San Pedro, California 90731, San Pedro, 90731 - 3 bed, 3 bath
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San Pedro, California 90731
This Spacious Renovated Waterfront Condo is a Strong Value Opportunity, listed at $539,000—positioned well below the $592,518 Fair Market Value by 9%. This valuation gap offers $53,518 in Instant Equity. Boasting a Mint Condition Rating, the home features high-end renovations, stunning marina views, and a chef-style kitchen. Located in a prime district with access to Taper Avenue Elementary (9/10) and Palos Verdes Peninsula High (10/10), it balances luxury with financial logic. This is an ideal acquisition for Owner-Occupants or lifestyle-driven buyers seeking coastal value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2222 S Mesa St. 18 Subject | $519,000* List Price | 3 | 3 | 1,928 | $280 | - |
A 2222 S Mesa 14 Sold | $634,000 | 3 | 3 | 2,017 | $314 | 0.0 mi |
B 2222 S Mesa Active | $539,000 List Price | 3 | 2 | 1,585 | $340 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1990, the property has undergone significant high-end renovations within the last 5 years. The bathrooms feature modern upgrades including a freestanding soaking tub, contemporary vessel sinks, and a custom shower with body jets and pebble tile accents. The interior is in mint condition with updated laminate and tile flooring throughout, requiring no maintenance.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
At 1,928 square feet, this end-unit offers an exceptionally large and bright floor plan for a condominium, featuring three full bedrooms and bathrooms that provide a house-like feel.
The property features impressive views of the San Pedro Marina and the Port of LA from the main living areas and the private balcony, perfect for coastal lifestyle enthusiasts.
The property is situated on leased land rather than fee-simple ownership, which can complicate traditional financing options and may affect long-term appreciation potential.
With a $603 monthly association fee plus the additional costs associated with a land lease, the recurring monthly overhead is significantly higher than many comparable properties.
Welcome to this beautiful, spacious end-unit condominium featuring 3 large bedrooms and 3 bathrooms with 1928 Sq Ft living space. Enjoy a bright open floor plan with a large kitchen that flows seamlessly into the dining room and living areas, both offering stunning views of the marina and the Port of LA. Located in the up and coming San Pedro waterfront district. This home boasts tile and laminate flooring throughout, providing style and easy maintenance. Perfect for comfortable coastal living with plenty of natural light. Private balcony perfect for a bbq while enjoying the view! This is a land lease property: the condominium is owned while the land is leased. At the end of the lease term, the land may be purchased at fair market value (see the land lease for details) allowing buyers to purchase a large, private, well maintained home at a great value. There is a swimming pool, whirlpool and a community gym. 3 parking spaces plus a storage closet are in the gated parking garage. ***Price Reduction**
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-6 • 0.9 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 79% |
| Baths | 3.0 | 2.0 | 67% |
| Square foot | 1,928 | 1,254 | 92% |
| Lot Size | 58,290 | 14,351 | 75% |
| Price | $519.0K | $595.0K | 33% |
| Price per sq ft | $269 | $478 | 8% |
| Built year | 1990 | 1990 | 50% |
| HOA | $603.0 | $474 | 71% |
| Days on market | 57 | 169 | 4% |
May 26, 2026
$519,000
$539,000
-4% Price Drop
Initial Listing
Apr 10, 2026
$539,000
Initial Listing