2424 S Gaffey Street Street 102, San Pedro, California 90731, San Pedro, 90731 - 1 bed, 1 bath
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2424 S Gaffey Street Street 102
San Pedro, California 90731
ACTIVE
CONDITION: FAIR
1Beds
1Baths
795Sq Ft
11,665.37Lot Size
Property Price
LIST PRICE$460,000
EST. MARKET VALUE
$408,810
12% AboveMARKET VALUE
SUMMARY
This Strong Value Opportunity is listed at $460,000, positioned above the $408,811 Fair Market Value. While the property requires cosmetic updates given its Fair Condition Rating, it offers a rare entry point into the historic Point Fermin neighborhood. Residents benefit from a prime coastal location with peek-a-boo ocean views and proximity to top-rated schools like Taper Avenue Elementary. This single-level, low-maintenance condo is an ideal acquisition for first-time buyers or downsizing owner-occupants seeking an affordable, lifestyle-focused coastal residence.
Estimated Market Value
$408,810
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 |
|---|---|---|---|---|---|---|
★ 2424 S Gaffey Street Street 102 Subject | $460,000* List Price | 1 | 1 | 795 | $514 | - |
A 741 W 24th 2 Sold | $485,000 | 2 | 1 | 860 | $564 | 0.1 mi |
B 1311 S. Grand Ave 5 Sold | $360,000 | 1 | 1 | 748 | $481 | 0.7 mi |
C 1311 S Grand 10 Active | $394,000 List Price | 1 | 1 | 803 | $491 | 0.7 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 1975, this property is well-maintained but shows its age. While the kitchen has been partially refreshed with newer vinyl plank flooring and stainless steel appliances, the cabinetry, fluorescent light box, and overall aesthetic are dated (15-30y style), fitting the 'Fair' criteria for needing minor cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- Prime Coastal Location
Situated in the historic Point Fermin neighborhood, the property offers walking access to Point Fermin Park, Cabrillo Beach, and scenic bluff-top trails.
- Single-Level Accessibility
As a lower-level end unit with no stairs, this home provides convenient single-level living, making it ideal for downsizers or those with mobility preferences.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
With only one bedroom and under 800 square feet of living space, the property may not accommodate growing families or those requiring a home office.
- Vintage Infrastructure
Built in 1975, the building and unit may require updates to systems or cosmetic finishes to meet modern aesthetic and efficiency standards.
About 2424 S Gaffey Street Street 102
Here is your incredible opportunity to live by the ocean in San Pedro! Discover this charming 1-bedroom, 1-bath condominium nestled in one of San Pedro's most desirable oceanfront neighborhoods, Historic Point Fermin! This well-cared-for lower-level end unit offers the convenience of single-level living, so there are no stairs to climb! This property includes a private balcony with a relaxing peek-a-boo ocean view! 2424 S Gaffey is perfect for first-time buyers, a young couple, an older couple looking to downsize, or just a couple of best friends that are looking to stop paying rent and start building equity with an affordable coastal lifestyle. Located within a quiet and intimate 18-unit community, right around the corner from Point Fermin Park, the historic Point Fermin Lighthouse, Cabrillo Beach, Angel's Gate Park, and the world-famous Korean Friendship Bell. Spend your evenings enjoying spectacular Pacific Ocean sunsets, and scenic bluff-top walking paths, and easy access to neighboring South Bay beach communities. Whether you're looking for a primary residence, vacation home, or investment opportunity, this ocean-close condo offers incredible value in one of Southern California's fastest-growing coastal markets.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1975
- Lot Size
- 11,665.37 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $398.01 / Month
Neighborhood Insights
San Pedro Unified Schools
Leland Street Elementary School
Grades K-6 • 0.6 mi
5/10
Fifteenth Street Elementary School
Grades K-5 • 0.7 mi
5/10
White Point Elementary School
Grades K-6 • 1.0 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.3 |
| Baths | 1.0 | 2.0 |
| Square foot | 795 | 1,218.923 |
| Lot Size | 11,665.37 | 95,883 |
| Price | $460.0K | $548.7K |
| Price per sq ft | $579 | $483 |
| Built year | 1975 | 1980 |
| HOA | $398.01 | $632 |
| Days on market | 40 | 67 |
Pricing History
Listed for Sale
Jul 31, 2026
$460,000
Initial Listing
Sold
May 20, 2022
$410,000
Public Record