267 W Ofarrell Street, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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267 W Ofarrell Street
San Pedro, California 90731
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,630Sq Ft
4,950Lot Size
Property Price
LIST PRICE$960,000
EST. MARKET VALUE
$1,034,473
7% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a Quadruplex listed at $960,000—positioned well below the $1,102,134 Fair Market Value by 12%. This valuation gap offers $142,134 in Instant Equity. With a Condition Rating of 3, the property features recent exterior stucco, copper plumbing, and a vacant unit ready for immediate lease-up. Its proximity to the LA Waterfront and strong rental demand make this a stable asset for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the vacant unit for an owner-user strategy.
Estimated Market Value
$1,034,473+$74,473 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 267 W Ofarrell Street Subject | $960,000* List Price | 0 | 0 | 2,630 | $393 | - |
A 981 W Oliver Street Sold | $910,000 | 6 | 3 | 2,251 | $404 | 0.9 mi |
B 981 W Upland Sold | $725,000 | 0 | 0 | 1,585 | $457 | 0.9 mi |
C 981 W Upland Sold | $725,000 | 4 | 2 | 1,585 | $457 | 0.9 mi |
D 564 W Macarthur Active | $1,145,000 List Price | 0 | 0 | 2,835 | $404 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Three of the four units are fully renovated and the exterior stucco was updated in 2021 (within 5 years). The property features upgraded systems including copper plumbing and dual-pane windows. It is well-maintained and move-in ready, though the presence of one unrenovated unit and the 1928 original build date keeps it from an 'Excellent' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Immediate Income Upside
With one renovated unit delivered vacant, investors can immediately secure market-rate rent or utilize the space for an owner-user opportunity, maximizing initial cash flow.
- Significant Capital Improvements
The property boasts major upgrades including 2021 exterior stucco, copper plumbing, and dual-pane windows, significantly reducing the need for near-term capital expenditures.
- Strategic Waterfront Proximity
Located minutes from the massive LA Waterfront and Ports O' Call redevelopment projects, the property is perfectly positioned to benefit from long-term neighborhood appreciation and high tenant demand.
CONSRISKS & DEFICIENCIES
- Rent Control Limitations
One unit is occupied by a long-term RSO tenant at significantly below-market rent ($997), which restricts the property's immediate total gross income potential.
- Vintage Infrastructure Risks
Despite recent renovations, the 1928 construction date implies that certain original structural elements or systems may require more frequent monitoring and maintenance compared to modern builds.
About 267 W Ofarrell Street
Well-maintained 4-unit investment opportunity consisting of four spacious 1-bedroom/1-bath units. Three units have been fully renovated, including one renovated unit that will be delivered VACANT, offering immediate lease-up potential at market rent or OWNER-USER opportunity. Two renovated units are currently rented at $1,874 & $1,895, while the unrenovated unit is occupied by a long-term RSO tenant at $997, providing additional rental upside. >Major improvements include exterior stucco completed in 2021, copper plumbing, dual-pane windows, and dedicated water shutoff valves. Each unit is separately metered for gas and electricity, with tenants paying trash, gas, and electric expenses. An attractive San Pedro investment offering strong in-place income, immediate upside through the vacant unit, and limited near-term capital improvement needs.*** Ideally located just minutes from the rapidly transforming LA Waterfront, Downtown San Pedro, Cabrillo Marina, Ports O' Call Village redevelopment, and major transportation corridors, the property benefits from strong rental demand and continued neighborhood revitalization. An excellent opportunity for investors seeking stable in-place income with future upside.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1928
- Lot Size
- 4,950 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
Barton Hill Elementary School
Grades K-6 • 0.3 mi
2/10
Cabrillo Avenue Elementary School
Grades K-5 • 0.9 mi
3/10
Bandini Street Elementary School
Grades K-6 • 0.9 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.3 |
| Baths | 0.0 | 2.0 |
| Square foot | 2,630 | 2,854.929 |
| Lot Size | 4,950 | 5,420.5 |
| Price | $960.0K | $949.9K |
| Price per sq ft | $365 | $400 |
| Built year | 1928 | 1955 |
| HOA | $0 | $0 |
| Days on market | 36 | 76 |
Pricing History
Listed for Sale
Aug 4, 2026
$960,000
Initial Listing
Sold
Apr 1, 1999
$125,000
Public Record