
San Pedro, California 90731
This property presents a High-Potential Investment Opportunity with a List Price of $1,295,000—positioned above the $1,145,422 Fair Market Value by 13%. While the pricing reflects a premium, the Condition Rating of 5 and the need for a full renovation allow for significant forced appreciation. Featuring spectacular harbor views, a large backyard with a spa, and proximity to top-rated schools like Taper Avenue Elementary, this asset is a prime canvas. It is an ideal acquisition for Fix-and-Flip Investors or Contractors capable of executing a high-end redesign.
Property is extensive renovation needed.
Built in 1925, this property shows significant age with interior finishes (kitchen, carpets, and wood paneling) appearing to be 30-50 years old. The presence of wall heaters indicates a lack of modern central HVAC, and the listing description explicitly calls for a contractor and a full renovation, categorizing it as a rehab project rather than move-in ready.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Situated just one block from Paseo Del Mar in the highly sought-after Point Fermin area, the property offers immediate access to scenic oceanfront trails and Cabrillo Beach.
The home features stunning views of Cabrillo Beach, the harbor, and the Pacific Ocean, providing a high-value aesthetic that is rare for the price point.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2388, other record living area = 1062. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is positioned as a fixer-upper, meaning buyers will need to budget significant additional capital and time for a full-scale modernization.
Given the 1925 construction date, the home likely requires costly updates to essential systems such as electrical, plumbing, and HVAC to meet modern standards.
A rare opportunity awaits in one of San Pedro’s most desirable residential areas. Situated on an expansive 6,101-square-foot lot, this two-story, three-bedroom, two-bath home offers approximately 2,388 square feet of living space and exceptional potential for a buyer ready to create their dream home. The functional floor plan features two bedrooms and one bathroom on the main level, with a spacious primary suite located upstairs. Enjoy spectacular views of Cabrillo Beach right from your front yard, and take advantage of being just one block from Paseo Del Mar, where you can enjoy breathtaking views of the Pacific Ocean. The property is also conveniently located near shopping, dining, parks, entertainment, and, best of all, the beach. The property offers a large backyard, a wood deck, and an in-ground fiberglass spa. Whether you envision a stunning renovation or a thoughtful redesign, 456 W. 40th Street offers the location, lot size, views, and opportunity to bring your vision to life. Bring your imagination, your contractor, and your vision—this home is ready for its next chapter.
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades K-6 • 1.4 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,388 | 1,461.695 |
| Lot Size | 6,101 | 5,050.458 |
| Price | $1.29M | $989.3K |
| Price per sq ft | $542 | $611 |
| Built year | 1925 | 1950 |
| HOA | $0 | $275 |
| Days on market | 4 | 50 |
Sep 5, 2026
$1,295,000
Initial Listing