517 S Grand, San Pedro, California 90731, San Pedro, 90731 - 2 bed, 1 bath
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San Pedro, California 90731
This Value-Add Fixer-Upper is listed at $500,000, aligning with its $489,814 Fair Market Value. The property carries a Condition Rating of 5, showing significant distress that necessitates a comprehensive rehabilitation of all major systems. Despite its state, the 1,280-square-foot layout features a versatile bonus room, built-in cabinetry, and a Prime Walkable Location near the San Pedro waterfront. Within the Los Angeles Unified district, it offers proximity to Taper Avenue Elementary (9/10) and Palos Verdes Peninsula High (10/10). This asset is a strategic project for Fix-and-Flip Investors or Contractors looking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 517 S Grand Subject | $500,000* List Price | 2 | 1 | 1,280 | $383 | - |
A 681 W Upland Avenue Sold | $510,000 | 4 | 3 | 1,515 | $337 | 0.7 mi |
B 125 N Marshall Ct Sold | $425,000 | 2 | 1 | 1,025 | $415 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1921, this property shows significant signs of distress and neglect. The exterior is currently secured with a chain-link fence and warning signs, which typically indicates the structure is vacant, unsafe, or undergoing legal/foreclosure proceedings. With no mention of recent renovations and a list price significantly below market value for the area, the home likely requires substantial rehabilitation of all major systems, including the kitchen, bathroom, and electrical, to meet modern living standards.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The inclusion of a dedicated bonus room provides excellent flexibility for a home office, hobby room, or additional living area, maximizing the 1,280 square feet of interior space.
Situated in a central San Pedro neighborhood near the waterfront, the property boasts high walkability to local shops, dining, and essential community services.
With only one bathroom serving two bedrooms and a bonus room, the layout may present challenges for families or those who frequently host guests.
Built in 1921, the property likely requires ongoing maintenance or modernization of older systems to meet current energy efficiency and building standards.
This 1,280-square-foot home offers a spacious and practical layout in a central San Pedro neighborhood. The floor plan features two well-sized bedrooms and a full bathroom, complemented by a dedicated dining area and a separate laundry room. A standout feature of this property is the versatile bonus room, which provides the flexibility to be used as a home office, a quiet hobby room, or an additional living space to suit your needs. The home is situated in a highly walkable area, placing you within easy reach of local shops, dining, and community services. Inside, you will find functional built-in cabinetry in the dining area and den that offers convenient extra storage. With its generous square footage, location is near the San Pedro waterfront, this home provides a great opportunity for anyone looking for a solid property with plenty of usable space.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 0.5 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 38% |
| Baths | 1.0 | 2.0 | 35% |
| Square foot | 1,280 | 1,257 | 53% |
| Lot Size | 4,501 | 5,001 | 28% |
| Price | $500.0K | $815.5K | 5% |
| Price per sq ft | $391 | $644 | 5% |
| Built year | 1921 | 1929 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 89 | 187 | 22% |
Jan 23, 2026
$500,000
Initial Listing
Dec 5, 2001
$188,500
Public Record