240 N Meyler, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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240 N Meyler
San Pedro, California 90731
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,612Sq Ft
9,010Lot Size
Property Price
LIST PRICE$1,050,000
EST. MARKET VALUE
$1,050,000
SUMMARY
This 5-unit High-Potential Investment Opportunity is listed at a List Price of $1,050,000, which aligns with the $1,050,000 Fair Market Value, reflecting a stable and fair entry point for a multi-family asset. Featuring a 9,010 sqft corner lot and a Condition Rating of 4, the property offers a solid income stream with immediate rental demand. Proximity to top-tier schools like Taper Avenue Elementary and Palos Verdes Peninsula High enhances long-term desirability. This is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a turnkey income stream.
Estimated Market Value
$1,050,000
Based on Realkey algorithm analyzing recent comparable sales in San Pedro.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 240 N Meyler Subject 0 bd · 0 ba · 2,612 sqft · $402 | $1,050,000* List Price | 0 | 0 | 2,612 | $402 | - |
A 930 N Grand Active Under Contract 0 bd · 0 ba · 2,376 sqft · $412 · 0.6 mi | $980,000 List Price | 0 | 0 | 2,376 | $412 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1924, this century-old property is described as well-maintained with visible updates like vinyl windows and decent exterior paint. However, the significant cracking and heaving of the concrete walkways indicate age-related settling or deferred maintenance. Given the age and lack of evidence for recent full-system or interior renovations, it is classified as dated but functional.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- Multi-Unit Income Potential
This 5-unit property offers a solid income stream with healthy rents, making it an attractive turnkey investment opportunity for those seeking immediate cash flow.
- Flexible Financing Options
The possibility of seller financing provides a significant advantage for buyers, offering alternative paths to ownership in a restrictive lending environment.
CONSRISKS & DEFICIENCIES
- Extended Market Time
With 115 days on the market and multiple price reductions from the original $1.29M list price, the property has faced challenges in meeting buyer expectations at its initial valuation.
- Aging Infrastructure
Built in 1924, the property is over a century old, which likely necessitates higher ongoing maintenance costs and potential capital expenditures for aging systems.
About 240 N Meyler
Well maintained 5 unit income property with curb appeal on a corner lot. Consisting of addresses 236-244 N Meyler. Healthy rents and solid income stream. Fantastic investment opportunity! Possibility of Seller financing!
Property Details
Public Facts
- Property Type
- Mixed Use
- Year Built
- 1924
- Lot Size
- 9,010 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Pedro Unified Schools
Bandini Street Elementary School
Grades K-6 • 0.2 mi
5/10
Barton Hill Elementary School
Grades K-6 • 0.5 mi
2/10
Cabrillo Avenue Elementary School
Grades K-5 • 0.5 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,612 | 5,509 |
| Lot Size | 9,010 | 7,217.5 |
| Price | $1.05M | $1.65M |
| Price per sq ft | $402 | $329 |
| Built year | 1924 | 1968 |
| HOA | $0 | $0 |
| Days on market | 116 | 102 |
Pricing History
Listed for Sale
Oct 24, 2026
$1,050,000
$1,187,000
-12% Price Drop
Initial Listing
Price Change
Sep 22, 2026
$1,187,000
$1,290,000
-8% Price Drop
Initial Listing
Price Change
Jul 1, 2026
$1,290,000
Initial Listing
Sold
Apr 13, 2010
$250,000
Public Record
Sold
Jun 23, 2004
$599,000
Public Record