
San Pedro, California 90731
This property presents a High-Potential Investment Opportunity with a List Price of $425,000—positioned well below the $378,538 Fair Market Value by -12%. While the property requires a full restoration given its Condition Rating of 5, the detached storage building and secured on-site parking provide significant utility. Located near the revitalized LA Waterfront and high-performing schools like Taper Avenue Elementary, this asset offers long-term growth potential ahead of the 2028 Olympics. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 398 W 11th Street Subject 2 bd · 1 ba · 654 sqft · $579 | $425,000* List Price | 2 | 1 | 654 | $579 | - |
A 1326 S Cabrillo Sold 2 bd · 2 ba · 800 sqft · $488 · 0.5 mi | $390,000 | 2 | 2 | 800 | $488 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1922 and explicitly marketed as a 'fixer-upper' in 'as-is' condition. With no mention of renovations, the kitchen, bath, and major systems (HVAC/Electric) are likely original or well over 30-50 years old, requiring a full rehab to meet modern safety and functional standards.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Situated near the West Harbor development and San Pedro’s revitalized LA Waterfront, the property is positioned to benefit from significant local investment and the upcoming 2028 Olympics.
The detached storage building includes two additional rooms, providing valuable versatility for a home office, workshop, or creative studio beyond the primary living quarters.
The home is sold in 'as-is' fixer-upper condition, requiring a buyer with the vision and significant budget for a complete restoration of the 1922 structure.
With only 654 square feet of living space, the small footprint may limit functionality for many buyers and necessitates creative space management.
BACK ON THE MARKET!!! Bring your vision and imagination to this charming 2-bedroom, 1-bathroom fixer-upper, ideally situated on a desirable corner lot in the heart of San Pedro. Built in 1922, this property offers character, history, and an exciting opportunity to restore and personalize a home in one of the South Bay's most evolving waterfront communities. The property features a functional 2-bedroom, 1-bath layout, along with a detached storage building offering two additional rooms, providing flexibility for storage, workshop space, office use, or other potential uses—buyer to verify permitted uses. A major bonus is the secured on-site parking for two cars, a valuable feature in San Pedro. The corner-lot location adds to the property's appeal and offers an excellent opportunity for someone looking to create a home, investment property, or personal project. Prime location near the new West Harbor development and San Pedro's revitalized LA Waterfront, with continued investment and improvements transforming the surrounding area. With Los Angeles preparing to host the 2028 Olympic and Paralympic Games, this is an exciting time to be part of San Pedro's ongoing transformation and waterfront renaissance. Whether you're an investor, contractor, or buyer looking for a project with potential, this property offers a unique opportunity to own a piece of historic San Pedro just in time for the momentum leading into 2028. Property is being offered in fixer-upper condition and sold as-is. Buyer to conduct their own inspections and independently verify all property details, square footage, permits, zoning, and permitted uses.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.1 |
| Square foot | 654 | 1,533.653 |
| Lot Size | 2,011 | 5,312.227 |
| Price | $425.0K | $1.02M |
| Price per sq ft | $650 | $644 |
| Built year | 1922 | 1951 |
| HOA | $0 | $275 |
| Days on market | 25 | 53 |
Sep 30, 2026
$425,000
Initial Listing