464 W 17th St, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
This 4-unit Quadruplex represents a High-Potential Investment Opportunity, listed at $1,150,000. While the current list price is slightly above the $1,080,444 Fair Market Value, the property offers a significant 59% rental upside and ADU Development Potential via the rear garages. With a Condition Rating of 4, the asset requires modernization to capture market rents of $2,400–$2,600 per unit. Proximity to Top-Rated Schools like Taper Avenue Elementary and the LA Waterfront enhances long-term demand. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 464 W 17th St Subject | $1,150,000* List Price | 0 | 0 | 3,224 | $335 | - |
A 221 W 10th Street Sold | $1,110,000 | 0 | 0 | 3,730 | $298 | 0.5 mi |
B 841 W 25th Street Sold | $1,200,000 | 0 | 0 | 3,603 | $333 | 0.7 mi |
C 939 941 W 17th Sold | $1,075,000 | 6 | 4 | 2,804 | $383 | 0.6 mi |
D 684 W 23rd Street Sold | $1,067,625 | 0 | 0 | 3,266 | $327 | 0.5 mi |
E 1025 W 12th Sold | $1,150,000 | 0 | 0 | 2,760 | $417 | 0.8 mi |
F 343 W 12th Street Sold | $1,150,000 | 0 | 0 | 4,090 | $281 | 0.3 mi |
G 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 moderate renovation needed.
Built in 1965 (59 years old), the property is marketed as a 'value-add' opportunity with 59% rental upside, which strongly indicates dated kitchens, bathrooms, and systems. While the exterior is described as well-maintained and the units are functional/occupied, the age and investment profile suggest the property needs cosmetic updates and modernization to reach market potential.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property currently generates $75,492 annually but offers a substantial 59% rental upside, with market rents projected at $2,400–$2,600 per unit.
The free-standing rear garages provide a prime opportunity for ADU conversion, allowing an investor to increase unit count and maximize the property's total value.
The current income reflects below-market rents, meaning the immediate capitalization rate is lower until the value-add strategy and unit turnovers are implemented.
While some nearby schools are highly rated, several immediate elementary options have lower performance scores, which may impact appeal for certain family-oriented tenant profiles.
464 W. 17th Street presents an outstanding value-add opportunity in the heart of San Pedro. This well-maintained 4-unit property consists of four spacious 2-bedroom, 1-bathroom units, each featuring washer and dryer hookups, a private one-car garage, and separately paid gas and electricity by the tenants. Currently generating $75,492 in annual rental income, the property offers approximately 59% rental upside with market rents projected at $2,400–$2,600 per unit, creating significant potential to increase cash flow and overall returns. Additionally the free-standing garages in the rear of the property can be converted into ADU(s) - buyer to verify. *** Ideally located just minutes from the rapidly transforming LA Waterfront, residents enjoy convenient access to new dining, shopping, entertainment, and major employment centers, making this an excellent investment opportunity in one of San Pedro's fastest-growing rental markets.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.7 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 | 3,224 | 1,676 |
| Lot Size | 4,998 | 5,101 |
| Price | $1.15M | $998.9K |
| Price per sq ft | $357 | $457 |
| Built year | 1965 | 1923 |
| HOA | $0 | $0 |
| Days on market | 14 | 108 |
Jul 8, 2026
$1,150,000
Initial Listing
Jun 22, 2022
$1,089,000
Public Record