358 W 17th, San Pedro, California 90731, San Pedro, 90731 - bed, bath
358 W 17th
San Pedro, California 90731
Property Price
SUMMARY
Analysis of 358 W 17th, San Pedro, California 90731 is currently available with a list price of $1,195,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
This is a multi-unit property with mixed ages: a front house built in 1946/1947 and three rear units built in 1987. While the exterior appears maintained and the roofs look good, the lack of interior photos for kitchens and bathrooms, combined with the dated appearance of the laundry room (old linoleum flooring, functional but older appliances), suggests that the interiors are largely outdated. The 1987 units (37 years old) would typically be functional but show significant signs of age in finishes and fixtures. The 1946/1947 unit, being much older, would almost certainly require substantial updates to meet modern standards, even if currently habitable. The property is functional as an income property but requires minor to substantial updates, particularly in key areas like kitchens and bathrooms, to improve quality and appeal.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- Exceptional Investment Potential
The property is very well priced at $263/sq ft with a stated 60% upside to market GRM of 8.37 and a 7.2% cap rate, indicating significant rental income growth and appreciation potential.
- Prime Location & Future Growth
Located just two blocks from the massive 42-acre West Harbor LA Waterfront development (opening 2026), promising substantial future appreciation, increased tenant demand, and enhanced local amenities.
CONSRISKS & DEFICIENCIES
- Mixed Property Age
The front house was built in 1946, while the rear units were built in 1987, which could lead to varying maintenance requirements, system ages, and aesthetic consistency across the property.
- Lack of Premium Views
The property description explicitly states 'view: None,' meaning it does not offer the desirable panoramic or ocean views often sought in coastal San Pedro properties.
- Reliance on Future Development
While a major strength, the full realization of the property's stated 60% upside and market cap rate is contingent on the completion and impact of the LA Waterfront development in 2026.
About 358 W 17th
Huge 4-unit property with tons of upside only 2 blocks from the enormous brand-new LA Waterfront development. 3 out of 4 units built in 1987 with over 4500 square feet of rentable space on a 6000 square foot lot plus 4 garages. Excellent unit mix with one 3 bed/2 bath front house (1947 built) plus three 2 bed/1 bath units (1987 built) in the rear. Very well priced at only $263/sq ft and 13.38X GRM on actual rents with a true 60% upside to a market GRM of 8.37 and cap rate of 7.2%. Separately metered for electricity and gas, helping keep expenses down. Only 2 blocks from the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 square feet of retail, dining, and entertainment slated to open in 2026. Close proximity to Downtown San Pedro with art galleries, restaurants, boutiques, and other retail. Only a few blocks from Cabrillo Marina and Cabrillo Beach. Walk score of 80+ (Very Walkable)
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1946
- Lot Size
- 5,996 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Pedro Unified Schools
Fifteenth Street Elementary School
Grades K-5 • 0.1 mi
Cabrillo Avenue Elementary School
Grades K-5 • 0.8 mi
Leland Street Elementary School
Grades K-6 • 1.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 4,547 | 2,320 | 91% |
| Lot Size | 5,996 | 5,001 | 67% |
| Price | $1.20M | $940.0K | 70% |
| Price per sq ft | $263 | $422 | 9% |
| Built year | 1946 | 1928 | 56% |
| HOA | $0 | $0 | 50% |
| Days on market | 53 | 177 | 5% |
Pricing History
Listed for Sale
Jan 12, 2026
$1,195,000
Initial Listing
Sold
Apr 24, 2019
$1,062,000
Public Record
Sold
Apr 14, 2016
$890,000
Public Record
Sold
Feb 9, 2006
$825,000
Public Record