358 W 17th, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$1,195,000$4,547/sqft
358 W 17th, San Pedro, California 90731
0Bed
0Bath
4,547Sqft
5,996Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Top Cons:
Age Disparity of Units: The front house, built in 1946, is significantly older than the three rear units (1987), potentially leading to varying maintenance needs and tenant expectations across the property.
Compared to the nearby listings
Price:$1.20M vs avg $1.05M (+$145,000)59%
Size:4,547 sqft vs avg 2,371 sqft88%
Price/sqft:$263 vs avg $41512%
More Insights
Built in 1946 (80 years old).
Condition: The property consists of units built in 1946 and 1987. While the exterior appears well-maintained and the roof looks relatively new, there are no interior images to assess the condition of kitchens, bathrooms, flooring, or appliances. Given the age of the units (78 and 37 years old), it's highly probable that the interiors are dated and would require minor updates or renovations to meet current standards and maximize rental income, as suggested by the 'Potential for Capital Expenditures' weakness. The utility area with multiple water heaters appears functional but not modern. The property is aged but maintained, aligning with the 'fair' criteria.
Year Built
1946
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$263
HOA
-
Days on market
-
Sold On
-
MLS number
SB26007730
Home ConditionFair
Features
Deck
Patio
View-
About this home
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)
A
Anthony Walker
Listing Agent
Nearby schools
5/10
Fifteenth Street Elementary School
Public,•K-5•0.1mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.8mi
5/10
Leland Street Elementary School
Public,•K-6•1.0mi
2/10
Barton Hill Elementary School
Public,•K-6•1.2mi
5/10
Bandini Street Elementary School
Public,•K-6•1.5mi
7/10
White Point Elementary School
Public,•K-6•1.6mi
4/10
Seventh Street Elementary School
Public,•K-5•1.6mi
9/10
Park Western Place Elementary School
Public,•K-5•2.0mi
5/10
Crestwood Street Elementary School
Public,•K-6•2.1mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•2.2mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.4mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.9mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•3.2mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•4.4mi
6/10
Harbor City Elementary School
Public,•K-5•4.6mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.6mi
8/10
Miraleste Intermediate School
Public,•6-8•2.9mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.1mi
6/10
Alexander Fleming Middle School
Public,•6-8•4.7mi
4/10
Hudson K-8
Public,•K-8•6.1mi
6/10
San Pedro Senior High School
Public,•9-12•0.8mi
5/10
Phineas Banning Senior High School
Public,•9-12•4.7mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•5.3mi
3/10
Cabrillo High School
Public,•9-12•6.0mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•6.2mi
8/10
Palos Verdes High School
Public,•9-12•8.5mi
Price History
Date
Event
Price
04/24/19
Sold
$1,062,000
04/14/16
Sold
$890,000
02/09/06
Sold
$825,000
Condition Rating
Fair
The property consists of units built in 1946 and 1987. While the exterior appears well-maintained and the roof looks relatively new, there are no interior images to assess the condition of kitchens, bathrooms, flooring, or appliances. Given the age of the units (78 and 37 years old), it's highly probable that the interiors are dated and would require minor updates or renovations to meet current standards and maximize rental income, as suggested by the 'Potential for Capital Expenditures' weakness. The utility area with multiple water heaters appears functional but not modern. The property is aged but maintained, aligning with the 'fair' criteria.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Exceptional Investment Upside: The property offers a 'true 60% upside to a market GRM of 8.37 and cap rate of 7.2%', indicating significant potential for increased rental income and return on investment.
Strategic Location near Major Development: Situated just two blocks from the massive West Harbor LA Waterfront development (opening 2026), promising future appreciation, increased tenant demand, and enhanced local amenities.
Diverse and Spacious Unit Mix: Features an attractive combination of a 3-bed/2-bath front house and three 2-bed/1-bath units, totaling over 4500 sq ft of rentable space, catering to a wide range of tenants.
Operational Cost Efficiency: Units are 'separately metered for electricity and gas,' which significantly reduces landlord utility expenses and improves net operating income.
High Walkability and Local Amenities: Boasts an '80+ Walk Score' and close proximity to Downtown San Pedro, Cabrillo Marina, and Cabrillo Beach, offering convenience and desirable lifestyle for tenants.
Cons
Age Disparity of Units: The front house, built in 1946, is significantly older than the three rear units (1987), potentially leading to varying maintenance needs and tenant expectations across the property.
Absence of Views: The property description explicitly states 'view: None,' which could be a drawback for some tenants or buyers, especially given its proximity to the waterfront where views are often sought after.
Potential for Capital Expenditures: While the pricing is attractive, the age of the front unit and the lack of specific renovation details suggest a new owner might need to budget for capital expenditures to modernize the older unit or address general property updates to achieve the stated market GRM.