423 W 17th, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
This 4-unit Residential Income Asset represents a High-Potential Investment Opportunity, listed at $1,099,000—positioned above the $1,052,688 Fair Market Value by 4%. While the property carries a Condition Rating of 5, its 1988 construction provides a stable foundation near the West Harbor redevelopment. Featuring a strong unit mix of 2-bedroom and 3-bedroom layouts with in-unit laundry and 6 parking spaces, this building is primed for long-term rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Managers seeking growth in an evolving waterfront market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 423 W 17th Subject | $1,099,000* List Price | 0 | 0 | 4,517 | $233 | - |
A 358 W 17th Sold | $1,120,000 | 0 | 0 | 4,547 | $246 | 0.1 mi |
B 534 W 19th Sold | $980,000 | 0 | 0 | 4,000 | $245 | 0.2 mi |
C 221 W 10th Street Sold | $1,110,000 | 0 | 0 | 3,730 | $298 | 0.5 mi |
D 1012 W 18th Street Sold | $1,160,000 | 0 | 0 | 4,739 | $245 | 0.7 mi |
E 902 S Mesa Street Sold | $1,050,000 | 0 | 0 | 4,402 | $239 | 0.5 mi |
F 1504 S Grand Active | $969,000 List Price | 0 | 0 | 3,343 | $290 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1988, the property is 36 years old, exceeding the 30-year threshold for the poor category. While the exterior was recently painted, there is no mention of kitchen or bathroom renovations, and visible window AC units suggest dated climate control systems rather than modern HVAC.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property is ideally situated near the massive West Harbor waterfront redevelopment, positioning it for significant long-term capital appreciation and increased rental demand as the area evolves.
Featuring a desirable mix of two 2-bedroom and two 3-bedroom units with in-unit laundry hookups and a high parking ratio of six total spaces, this asset is highly attractive to premium tenants.
The landlord is responsible for water, sewer, and community gas and electricity, which can lead to fluctuating operating expenses and may impact the overall net operating income.
While the property is conveniently located near schools, the immediate neighborhood elementary and middle schools have average to lower ratings, which could be a factor for some family-oriented renters.
Prime San Pedro investment opportunity near the evolving waterfront. Not under RSO LA Rent control! This 4-unit apartment building features a strong unit mix with two 2-bedroom, 2-bath units and two 3-bedroom, 2-bath units, each with in-unit laundry hookups. The property also offers a recently painted exterior, an oversized 4-car garage, and two additional carport spaces. Landlord-paid expenses include water, sewer, community gas and electricity, taxes, and insurance, while tenants pay trash and individual electricity. Ideally located near the new West Harbor waterfront redevelopment, this property offers investors a well-positioned asset in one of San Pedro’s most anticipated growth areas.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.8 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 1.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,517 | 1,676 |
| Lot Size | 5,000 | 5,101 |
| Price | $1.10M | $998.9K |
| Price per sq ft | $243 | $457 |
| Built year | 1988 | 1923 |
| HOA | $0 | $0 |
| Days on market | 35 | 108 |
Jun 17, 2026
$1,099,000
Initial Listing
Oct 29, 1996
$260,000
Public Record
Oct 13, 1994
$215,000
Public Record