517 S Grand Avenue, San Pedro, California 90731, San Pedro, 90731 - 2 bed, 1 bath
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517 S Grand Avenue
San Pedro, California 90731
ACTIVE
CONDITION: POOR
2Beds
1Baths
1,280Sq Ft
4,499Lot Size
Property Price
LIST PRICE$530,000
EST. MARKET VALUE
$554,227
4% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $530,000—positioned well below the $554,228 Fair Market Value by 4%. This valuation gap offers $24,228 in Instant Equity for buyers prepared to address the Condition Rating of 5. While the 1921 infrastructure requires modernization, the location offers proximity to the San Pedro waterfront and access to high-performing schools like Taper Avenue Elementary. This is a value-add acquisition ideal for Fix-and-Flip Investors or Contractors seeking significant upside.
Estimated Market Value
$554,227+$24,227 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Pedro.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 517 S Grand Avenue Subject | $530,000* List Price | 2 | 1 | 1,280 | $433 | - |
A 595 W 13th Sold | $630,000 | 3 | 2 | 1,475 | $427 | 0.5 mi |
B 834 W Santa Cruz Sold | $625,000 | 3 | 1 | 1,166 | $536 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1921 with no evidence of recent renovations. The listing description explicitly states 'roll up your sleeves' and 'AS-IS sale,' while images show a dilapidated bathroom and weathered exterior, indicating the home requires a full rehab and system updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- Significant Equity Potential
As a fixer-upper with a spacious 1,280 sqft layout, this property offers a prime opportunity for investors or handy homeowners to build substantial sweat equity through custom renovations.
- Desirable Coastal Proximity
The home is ideally located near the Los Angeles Harbor and San Pedro waterfront, providing easy access to local landmarks, maritime attractions, and the Vincent Thomas Bridge.
CONSRISKS & DEFICIENCIES
- As-Is Sale Condition
The property is being sold strictly in as-is condition, which may limit traditional financing options and requires the buyer to assume all costs for necessary repairs and upgrades.
- Century-Old Infrastructure
Built in 1921, the home likely requires significant modernization of major systems, such as plumbing, electrical, and insulation, to meet current building standards and efficiency needs.
About 517 S Grand Avenue
Welcome to San Pedro, CA. Local attractions include the Los Angeles Harbor, Vincent Thomas Bridge, or walking around the waterfront. This spacious two-bedroom home has good-sized bedrooms and includes a dining area. Roll up your sleeves and put on your designer choices to make this a dream home. Buyers check with City, County, Zoning, Tax, and other records to their satisfaction Buyers are to inspect prior to bidding. AS-IS SALE property.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1921
- Lot Size
- 4,499 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Pedro Unified Schools
Cabrillo Avenue Elementary School
Grades K-5 • 0.3 mi
3/10
Barton Hill Elementary School
Grades K-6 • 0.5 mi
2/10
Fifteenth Street Elementary School
Grades K-5 • 0.7 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,280 | 1,461.695 |
| Lot Size | 4,499 | 5,050.458 |
| Price | $530.0K | $989.3K |
| Price per sq ft | $414 | $611 |
| Built year | 1921 | 1950 |
| HOA | $0 | $275 |
| Days on market | 12 | 50 |
Pricing History
Listed for Sale
Aug 28, 2026
$530,000
Initial Listing
Sold
Dec 5, 2001
$188,500
Public Record