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318 S Miraleste Drive 148, San Pedro, California 90732, San Pedro, 90732 - 2 bed, 2 bath

318 S Miraleste Drive 148, San Pedro, California 90732 home-pic-0
ACTIVE$459,000$1,143/sqft
318 S Miraleste Drive 148, San Pedro, California 90732
2Beds
2Baths
1,143Sqft
311,184Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Financial Incentives: The property qualifies for a $20,000 grant for down payment/closing costs, requires no PMI, and has a low 3% minimum down payment, making it highly accessible for buyers.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =311184, other record lot size in square feet = 311126.

Compared to the nearby listings

Price:$459.0K vs avg $495.0K ($-36,000)43%
Size:1,143 sqft vs avg 969 sqft75%
Price/sqft:$402 vs avg $53721%

More Insights

Built in 1971 (55 years old).
Condition: This unit has undergone extensive recent renovations, as evidenced by the 'brand-new luxury vinyl plank (LVP) flooring throughout, fresh paint, and updated kitchen countertops.' The images confirm a modern, virtually new kitchen with white shaker cabinets, contemporary hardware, updated appliances, and a stylish faucet. Bathrooms also feature updated vanities, fixtures, and clean finishes. While the building was constructed in 1971, the interior unit itself appears to have been extensively renovated within the last 5 years, bringing all visible components to current quality standards with no deferred maintenance, aligning with the 'Excellent' criteria for a recently renovated property.
Year Built
1971
Close
-
List price
$459K
Original List price
$459K
Price/Sqft
$402
HOA
$596
Days on market
-
Sold On
-
MLS number
25626375
Home ConditionExcellent
Features
Good View:
Deck
Pool
View

About this home

This home qualifies for a $20,000 grant that can be used for the down payment, closing costs, or to buy down the interest rate. Additionally, there is no PMI (Private Mortgage Insurance) required, with a minimum down payment of just 3%! Discover this beautiful two-level unit situated between Palos Verdes and San Pedro. The open-concept layout is flooded with natural light and features brand-new luxury vinyl plank (LVP) flooring throughout, fresh paint, and updated kitchen countertops. The upper level boasts two spacious bedrooms, providing ample space and comfort, along with in-unit laundry and two designated parking spaces, #695 & 696. Enjoy a wealth of community amenities, including a swimming pool, fitness center, clubhouse, and BBQ grill. This unit is just minutes away from shopping and dining, and only 7 minutes from the beach, making it an ideal location for a vibrant lifestyle. With convenient access to freeways, downtown LA is just a 25-minute drive away. Plus, with the exciting San Pedro waterfront project set to open in 2026, now is the perfect time to invest before property values rise and take advantage of potential appreciation. Please note that the furniture in the photos has been virtually staged. Don't miss out on this exceptional opportunity!

J
Jason Terry
Listing Agent

Nearby schools

4/10
Seventh Street Elementary School
Public,•K-5•0.5mi
5/10
Crestwood Street Elementary School
Public,•K-6•0.6mi
4/10
Richard Henry Dana Middle School
Public,•6-8•1.6mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•1.6mi
6/10
San Pedro Senior High School
Public,•9-12•1.3mi

Price History

Date
Event
Price
05/28/03
Sold
$174,000
Condition Rating
Excellent
This unit has undergone extensive recent renovations, as evidenced by the 'brand-new luxury vinyl plank (LVP) flooring throughout, fresh paint, and updated kitchen countertops.' The images confirm a modern, virtually new kitchen with white shaker cabinets, contemporary hardware, updated appliances, and a stylish faucet. Bathrooms also feature updated vanities, fixtures, and clean finishes. While the building was constructed in 1971, the interior unit itself appears to have been extensively renovated within the last 5 years, bringing all visible components to current quality standards with no deferred maintenance, aligning with the 'Excellent' criteria for a recently renovated property.
Pros & Cons

Pros

Exceptional Financial Incentives: The property qualifies for a $20,000 grant for down payment/closing costs, requires no PMI, and has a low 3% minimum down payment, making it highly accessible for buyers.
Modern Interior Updates: Features brand-new luxury vinyl plank (LVP) flooring, fresh paint, and updated kitchen countertops, providing a contemporary and move-in ready living space.
Rich Community Amenities: Residents enjoy a wealth of amenities including a swimming pool, fitness center, clubhouse, and BBQ grill, enhancing lifestyle and recreational opportunities.
Prime Coastal Location & Accessibility: Strategically located between Palos Verdes and San Pedro, minutes from shopping/dining, 7 minutes from the beach, and convenient freeway access to downtown LA.
Strong Investment Potential: The upcoming San Pedro waterfront project (2026) positions this property for potential appreciation in value, making it a timely investment.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =311184, other record lot size in square feet = 311126.
High Association Fee: A monthly association fee of $596.0 is substantial and adds a significant recurring cost to homeownership, which could impact affordability.
Older Building Age: Built in 1971, the building's age could suggest potential for older common area infrastructure or maintenance concerns, despite recent interior unit updates.
Virtually Staged Photos: The furniture in the photos is virtually staged, meaning the actual unit may appear different or less furnished in person, potentially setting different expectations.
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