2417 S Gaffey Street, San Pedro, California 90731, San Pedro, 90731 - 2 bed, 1 bath
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San Pedro, California 90731
This LARD1.5 Zoned Residential Property represents a High-Potential Investment Opportunity, listed at $699,000—positioned well below the $733,263 Fair Market Value by 4%. This valuation gap provides $34,263 in Instant Equity. Featuring original 1928 wood detailing and scenic harbor views, the home maintains a Condition Rating of 4, suggesting a need for modernization. With its flexible zoning and proximity to San Pedro Senior High, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2417 S Gaffey Street Subject | $699,000* List Price | 2 | 1 | 1,248 | $588 | - |
A 1166 W 25th Sold | $600,000 | 2 | 1 | 896 | $670 | 0.6 mi |
B 595 W 13th Sold | $630,000 | 3 | 2 | 1,475 | $427 | 0.7 mi |
C 964 W 14th Sold | $890,000 | 3 | 2 | 1,563 | $569 | 0.7 mi |
D 1223 W 23rd Street Sold | $705,000 | 3 | 1 | 972 | $725 | 0.7 mi |
E 1266 W 19th Active | $860,000 List Price | 2 | 1 | 1,317 | $653 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1928, the property is well-maintained but significantly dated. The kitchen features older tile countertops and painted cabinetry likely from a 20-30 year old refresh, and the bathroom retains original vintage tile work. While the listing describes it as move-in ready, the age of the finishes and likely the internal systems suggest a need for modern updates and minor repairs.
The LARD1.5 zoning provides significant upside for investors or owners looking to capitalize on multi-family development opportunities in a growing area.
Featuring original 1928 wood detailing and scenic harbor views, the home offers a unique vintage aesthetic that is highly sought after in the Vista Del Oro area.
The 1,248 sqft floor plan is well-distributed with a private bedroom wing and a bright living area, making it an ideal move-in ready starter home.
With only one bathroom serving two bedrooms, the property may face functional limitations for growing families or impact future resale competitiveness.
Given the 1928 construction date, the property may require updates to aging systems such as plumbing or electrical to meet modern standards and efficiency.
This charming, well-cared-for home offers a spacious layout with vintage character throughout, including original wood detailing that adds warmth and historic charm. The front door opens into a bright living room with harbor views and a wide arched entry into the dining area, easily doubling as an additional family room. The kitchen sits at the back of the home, with its own breakfast nook and a separate laundry area. Bedrooms are tucked into their own private wing, sharing a full bathroom between them. Currently Zoned LARD1.5, the property offers strong upside for investors, while also making a comfortable, move-in ready starter home. Conveniently located near shopping, dining, and major freeways, this is a home — and an opportunity — worth a close look.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-5 • 0.7 mi
Grades K-6 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,248 | 1,475 |
| Lot Size | 4,500 | 5,172 |
| Price | $699.0K | $1.01M |
| Price per sq ft | $560 | $609 |
| Built year | 1928 | 1961 |
| HOA | $0 | $333 |
| Days on market | 4 | 52 |
Jul 18, 2026
$699,000
Initial Listing