521 W 16th 4, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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521 W 16th 4
San Pedro, California 90731
ACTIVE
CONDITION: FAIR
0Beds
0Baths
1,985Sq Ft
4,385Lot Size
Property Price
LIST PRICE$950,000
EST. MARKET VALUE
$911,898
4% AboveMARKET VALUE
SUMMARY
This quadruplex presents a Strong Value Opportunity with a List Price of $950,000—positioned well above the $895,454 Fair Market Value by -6%. Featuring a Fair Condition Rating, this asset offers a stable income stream with long-term tenants and recent roof upgrades. While the property requires further interior modernization, its prime coastal location near Cabrillo Beach and proximity to top-rated schools like Taper Avenue Elementary provides significant upside. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to optimize rental yields.
Estimated Market Value
$911,898
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 |
|---|---|---|---|---|---|---|
★ 521 W 16th 4 Subject | $950,000* List Price | 0 | 0 | 1,985 | $459 | - |
A 1625 S Mesa Sold | $850,000 | 0 | 0 | 1,991 | $427 | 0.1 mi |
B 3046 S Kerckhoff Sold | $830,000 | 0 | 0 | 1,900 | $437 | 0.9 mi |
C 782 W 14th Street Sold | $665,000 | 0 | 0 | 1,664 | $400 | 0.4 mi |
D 782 W 14th Street Sold | $665,000 | 2 | 2 | 1,664 | $400 | 0.4 mi |
E 584 W 3rd Street Sold | $790,000 | 0 | 0 | 1,428 | $553 | 0.9 mi |
F 1240 W 22nd St Sold | $930,000 | 4 | 2 | 1,792 | $519 | 1.0 mi |
G 1240 W 22nd St Sold | $930,000 | 0 | 0 | 1,792 | $519 | 1.0 mi |
H 322 S Grand Avenue Sold | $765,000 | 0 | 0 | 1,452 | $527 | 0.8 mi |
I 549 W 12th Street Active | $839,000 List Price | 5 | 4 | 2,152 | $390 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Originally built in 1922, this century-old quadruplex has received a new roof and interior updates (flooring, paint, ceiling fans) to 2 of the 4 units. However, with 50% of the units remaining in likely dated condition and the overall age of the structure and underlying systems, it fits the 'Fair' criteria requiring further updates to the remaining units.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- Prime Coastal Location
Situated just blocks from Cabrillo Beach and within walking distance to local shops and restaurants, the property offers high desirability for tenants seeking a coastal lifestyle.
- Stable Income Stream
The quadruplex is fully occupied by long-term tenants, providing immediate and consistent rental income from the day of acquisition.
CONSRISKS & DEFICIENCIES
- Century-Old Infrastructure
Built in 1922, the property may require more frequent maintenance and potential upgrades to aging systems compared to modern residential income properties.
- Lack of Dedicated Parking
The current absence of on-site parking may limit rental premiums, although the lot offers potential for future parking conversion subject to city approval.
About 521 W 16th 4
Don't miss this exceptional opportunity to own an income-producing fourplex located just half miles from Cabrillo Beach and within walking distance of local shops, restaurants, and neighborhood amenities. The property consists of two separate buildings, (total of four (4) units) each containing two one-bedroom, one-bathroom units(approximately 500 square feet each) Every unit features a cozy living room, kitchen, full bathroom, and in-unit washer and dryer hookups. Two of the units have been recently upgraded (as shown in the photos), and the property also benefits from a recently upgraded roof. All four units are currently occupied by long-term tenants, providing immediate and stable rental income. This is a great investment opportunity with strong long-term potential. In addition, there may be the possibility of converting a portion of the property into parking (buyer to verify all development potential and requirements with the appropriate governmental agencies). Please Note: Showings are by appointment only. Do not disturb the occupants. No viewing of the property will be permitted without a prior confirmed appointment. Please read agent remarks for showing.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1922
- Lot Size
- 4,385 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Pedro Unified Schools
Fifteenth Street Elementary School
Grades K-5 • 0.2 mi
5/10
Cabrillo Avenue Elementary School
Grades K-5 • 0.7 mi
3/10
Leland Street Elementary School
Grades K-6 • 0.8 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.3 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,985 | 2,854.929 |
| Lot Size | 4,385 | 5,420.5 |
| Price | $950.0K | $949.9K |
| Price per sq ft | $479 | $400 |
| Built year | 1922 | 1955 |
| HOA | $0 | $0 |
| Days on market | 41 | 76 |
Pricing History
Listed for Sale
Jul 30, 2026
$950,000
Initial Listing
Sold
Aug 24, 2022
$775,000
Public Record
Sold
Apr 30, 2019
$609,000
Public Record
Sold
Oct 9, 2009
$350,000
Public Record
Sold
May 2, 2006
$605,000
Public Record