2424 S Gaffey 106, San Pedro, California 90731, San Pedro, 90731 - 2 bed, 2 bath
2424 S Gaffey 106
San Pedro, California 90731
Property Price
SUMMARY
Analysis of 2424 S Gaffey 106, San Pedro, California 90731 is currently available with a list price of $699,999. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Pedro Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although the building was constructed in 1975, the unit has undergone a complete, high-end modern renovation within the last 5 years. It features contemporary kitchen cabinetry, upgraded countertops, designer fixtures, and updated flooring throughout, meeting the criteria for a turnkey, fully remodeled property with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Modern Renovation
The condo has been fully remodeled with high-end finishes, contemporary cabinetry, and designer touches, offering a completely modern aesthetic that requires no additional capital expenditure.
- Immediate Cash Flow
This is a prime investment opportunity with a tenant already in place paying above-market rent, providing immediate rental income and making it ideal for 1031 exchange buyers.
- Desirable Coastal Views
The property features sought-after ocean and water views, significantly enhancing its marketability and providing a premium coastal living experience.
CONSRISKS & DEFICIENCIES
- Occupancy Restrictions
The presence of a tenant in place may be a deterrent for owner-occupant buyers who are looking for immediate possession of the property.
- Building Age and HOA Costs
Built in 1975, the aging structure may require future common area maintenance, while the $485 monthly HOA fee adds a significant recurring expense to the owner's carrying costs.
About 2424 S Gaffey 106
Fully Renovated Condo for Sale in San Pedro – Investor Special with Tenant in Place Turnkey investment opportunity at 2424 S. Gaffey St #106, San Pedro, CA. This fully remodeled condo features high-end modern finishes, updated flooring, contemporary kitchen cabinetry, upgraded countertops, sleek fixtures, and designer touches throughout. Sold fully furnished, this unit is truly move-in ready or ideal for investors seeking immediate cash flow. Excellent tenant currently in place paying above-market rent, making this a rare income-producing property in one of San Pedro’s strongest rental corridors. Prime location near the Port of Los Angeles, Cabrillo Beach, Downtown San Pedro, and major freeways. Strong appreciation potential and high rental demand. Perfect for investors, 1031 exchange buyers, or coastal living with built-in income.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1975
- Lot Size
- 11,669 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $485.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,216 | 1,235 | 50% |
| Lot Size | 11,669 | 12,048 | 50% |
| Price | $700.0K | $590.0K | 82% |
| Price per sq ft | $576 | $487 | 82% |
| Built year | 1975 | 1987 | 18% |
| HOA | $485.0 | $464 | 50% |
| Days on market | 84 | 191 | 9% |
Pricing History
Listed for Sale
Dec 12, 2025
$699,999
Initial Listing