2723 S Averill, San Pedro, California 90731, San Pedro, 90731 - 3 bed, 1 bath
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2723 S Averill
San Pedro, California 90731
ACTIVE UNDER CONTRACT
CONDITION: TEAR DOWN
3Beds
1Baths
951Sq Ft
8,592Lot Size
Property Price
LIST PRICE$1,100,000
EST. MARKET VALUE
$1,062,611
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,100,000—positioned well above the $1,060,433 Fair Market Value by -3%. While the home requires significant renovation due to its Condition Rating of 6, the 8,592 sq ft lot and Panoramic Ocean and Catalina Island Views provide a rare foundation for value-add development. Located near Top-Rated Schools like Taper Avenue Elementary, this is a strategic acquisition for Buy-and-Hold Investors or Contractors seeking to maximize the potential of a prime coastal site.
Estimated Market Value
$1,062,611
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 |
|---|---|---|---|---|---|---|
★ 2723 S Averill Subject | $1,100,000* List Price | 3 | 1 | 951 | $1,117 | - |
A 3720 S Meyler Sold | $902,500 | 3 | 1 | 996 | $906 | 0.6 mi |
B 2719 S Averill Active Under Contract | $1,100,000 List Price | 3 | 1 | 996 | $1,104 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
The property is 79 years old (built 1945) and is explicitly described as being in 'original condition.' Per the criteria, a structure >50 years old with no renovations is classified as a tear-down. The listing emphasizes the large lot and panoramic views over the 951 sq ft interior, indicating the value is primarily in the land. Systems, kitchen, and the single bathroom are original to 1945 and require total replacement.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8592, living area = 951.
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- Exceptional Coastal Views
The property boasts breathtaking panoramic views of the Pacific Ocean and Catalina Island, a premium feature that significantly enhances the home's desirability and long-term investment value.
CONSRISKS & DEFICIENCIES
- Original 1945 Condition
The interior remains in its original 1945 state, necessitating a comprehensive renovation of systems and finishes to meet modern living standards and buyer expectations.
- Cramped Interior Layout
With only 951 sq ft of living space and a single bathroom serving three bedrooms, the current footprint is undersized and may feel restrictive for contemporary family needs.
About 2723 S Averill
Wake up to panoramic ocean and Catalina Island views stretching across the horizon. Set within a beloved neighborhood, this 3-bedroom home captures the charm of its 1945 origins and sits on an impressive 8,591 sq ft lot — offering endless possibilities for outdoor living, expansion, or creating your dream coastal retreat. The 951 sq ft interior remains in original condition, ready for your personal touch. With a two-car garage and a setting defined by tranquility and scenery, this property invites you to imagine what’s possible in one of the area’s most desirable locations.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1945
- Lot Size
- 8,592 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Pedro Unified Schools
White Point Elementary School
Grades K-6 • 0.1 mi
7/10
Leland Street Elementary School
Grades K-6 • 0.6 mi
5/10
South Shores/Csudh Visual And Performing Arts
Grades K-5 • 0.9 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 951 | 1,461.695 |
| Lot Size | 8,592 | 5,050.458 |
| Price | $1.10M | $989.3K |
| Price per sq ft | $1.2K | $611 |
| Built year | 1945 | 1950 |
| HOA | $0 | $275 |
| Days on market | 44 | 50 |
Pricing History
Listed for Sale
Jul 27, 2026
$1,100,000
Initial Listing