
San Pedro, California 90731
This property presents a High-Potential Investment Opportunity with a List Price of $625,000—positioned well below the $639,628 Fair Market Value by 2%. This valuation gap offers $14,628 in Instant Equity for buyers. Featuring a Dual-Unit Configuration on a 5,002 sqft lot, the property has a Condition Rating of 5, requiring a full rehab. This is a value-add acquisition ideal for Buy-and-Hold Investors or Contractors seeking to maximize rental income in a prime San Pedro location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 364 W Ofarrell Street Subject 0 bd · 0 ba · 1,640 sqft · $390 | $625,000* List Price | 0 | 0 | 1,640 | $390 | - |
A 578 W Oliver Sold 0 bd · 0 ba · 1,624 sqft · $397 · 0.3 mi | $645,000 | 0 | 0 | 1,624 | $397 | 0.3 mi |
B 325 N Palos Verdes 2 Sold 0 bd · 0 ba · 1,489 sqft · $422 · 0.2 mi | $629,000 | 0 | 0 | 1,489 | $422 | 0.2 mi |
C 981 W Upland Sold 0 bd · 0 ba · 1,585 sqft · $457 · 0.8 mi | $725,000 | 0 | 0 | 1,585 | $457 | 0.8 mi |
D 981 W Upland Sold 4 bd · 2 ba · 1,585 sqft · $457 · 0.8 mi | $725,000 | 4 | 2 | 1,585 | $457 | 0.8 mi |
E 620 W 8th Sold 2 bd · 2 ba · 1,836 sqft · $339 · 0.7 mi | $622,500 | 2 | 2 | 1,836 | $339 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1958 and explicitly marketed as a renovation project. The kitchen features severely dated, peeling cabinetry and missing appliances, while interior photos show plywood-covered wall sections and unfinished flooring, indicating significant deferred maintenance and the need for a full rehab.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property features two detached residences on a single lot, providing excellent flexibility for multi-generational living or generating dual rental income streams.
As a renovation-ready project, this property offers a prime opportunity for investors or contractors to build immediate equity through strategic improvements and modernization.
Both residences are in need of substantial repair, requiring a significant upfront capital investment and time for restoration before the property can be occupied or leased.
The nearest elementary school, Barton Hill, has a low rating of 2, which may impact the property's desirability for families with school-aged children.
San Pedro Investment Opportunity – Two Detached Homes on One Lot! Excellent opportunity for investors, contractors, and buyers looking to add value in an established San Pedro neighborhood! Situated on a 5,002 square foot lot, this property features two separate, detached residences, offering flexibility and potential for multiple income streams. The front home consists of 3 bedrooms and 1 bathroom, while the rear home offers 1 bedroom and 1 bathroom. Both residences are in need of renovation, presenting an opportunity for an experienced buyer to restore, improve, and reposition the property for long-term rental income or resale. The detached configuration provides added separation between the residences, making this an attractive investment opportunity for those seeking to maximize the property's potential. The location adds further appeal, with convenient access to Downtown San Pedro's restaurants, shops, and galleries, the LA Waterfront, the Port of Los Angeles, and popular coastal destinations including Cabrillo Beach and Point Fermin Park. With two detached homes on one lot and substantial room for improvement, this property presents a compelling value-add opportunity for an investor looking to establish or expand a rental portfolio in San Pedro.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-6 • 0.8 mi
Grades K-5 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.8 |
| Baths | 0.0 | 2.3 |
| Square foot | 1,640 | 2,591.526 |
| Lot Size | 5,002 | 5,309.842 |
| Price | $625.0K | $912.4K |
| Price per sq ft | $381 | $383 |
| Built year | 1958 | 1953 |
| HOA | $0 | $0 |
| Days on market | 18 | 78 |
Oct 7, 2026
$625,000
Initial Listing
Sep 23, 1994
$105,000
Public Record