
San Pedro, California 90731
This High-Potential Investment Opportunity is a Quadruplex listed at $995,000, positioned well below the $1,006,378 Fair Market Value by 1%. This valuation gap offers $11,378 in Instant Equity. Featuring a Condition Rating of 4, the property provides stable rental income from long-term tenants and includes brand-new windows and a panoramic waterfront view. Located in a rapidly transforming district near the West Harbor redevelopment, this asset is ideal for Buy-and-Hold Investors or Value-Add Investors seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 233 W Oliver Street Subject 0 bd · 0 ba · 3,314 sqft · $304 | $995,000* List Price | 0 | 0 | 3,314 | $304 | - |
A 221 W 10th Street Sold 0 bd · 0 ba · 3,730 sqft · $298 · 0.8 mi | $1,110,000 | 0 | 0 | 3,730 | $298 | 0.8 mi |
B 240 N Mesa Active Under Contract 0 bd · 0 ba · 3,674 sqft · $259 · 0.2 mi | $950,000 List Price | 0 | 0 | 3,674 | $259 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, the property is over 60 years old. While it features recent exterior updates including brand-new windows and fresh paint, the lack of documented interior renovations to kitchens, bathrooms, or major systems (HVAC/Electric) suggests a dated condition typical of long-term rental units.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Positioned in a rapidly transforming San Pedro neighborhood near the West Harbor waterfront redevelopment and AltaSea campus, offering significant long-term appreciation potential.
The quadruplex consists of four spacious 2-bedroom, 1-bath units fully occupied by long-term tenants, ensuring immediate and consistent rental revenue for investors.
Built in 1963, the property may require future capital expenditures for aging systems such as plumbing or electrical that are typical for buildings of this vintage.
The immediate neighborhood elementary school, Barton Hill, has a low rating of 2, which may limit the property's appeal to families prioritizing high-performing local schools.
San Pedro is in the middle of a major transformation. West Harbor is reimagining the old Ports O' Call into a vibrant waterfront destination with chef-driven restaurants, retail, and live entertainment. AltaSea is creating a world-class ocean innovation campus focused on climate and sustainability, while thousands of new housing units, arts spaces, and cultural districts like Little Italy LA are shaping a bold new future. This prime multi-family property offers a rare opportunity to invest in San Pedro’s growth. Thoughtfully maintained, the four-unit building features spacious 2-bedroom, 1-bath layouts, each occupied by long-term tenants for steady income. Recent updates include fresh paint and brand-new windows, while well-kept landscaping adds to the property’s inviting curb appeal. Located in a desirable neighborhood near the evolving waterfront and with easy access to the 110 freeway, the property offers everyday convenience near parks, schools, dining, and shopping. Don’t miss the chance to secure a valuable asset in a prime location as San Pedro steps into its next chapter.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.9 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.8 |
| Baths | 0.0 | 2.3 |
| Square foot | 3,314 | 2,591.526 |
| Lot Size | 5,001 | 5,309.842 |
| Price | $995.0K | $912.4K |
| Price per sq ft | $300 | $383 |
| Built year | 1963 | 1953 |
| HOA | $0 | $0 |
| Days on market | 26 | 78 |
Sep 29, 2026
$995,000
Initial Listing
Jun 27, 2024
$875,000
Public Record
Nov 12, 2002
$325,500
Public Record