524 W 2nd, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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524 W 2nd
San Pedro, California 90731
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
1,670Sq Ft
5,000Lot Size
Property Price
LIST PRICE$798,000
EST. MARKET VALUE
$862,720
7% BelowMARKET VALUE
SUMMARY
This Strong Value Opportunity is a Residential Income Duplex listed at $798,000, positioned well below the $862,721 Fair Market Value by 7%. This valuation gap provides $64,721 in Instant Equity. Featuring an Excellent Condition Rating with one unit recently renovated, the property offers a Detached Dual-Living Configuration with private yards and garages. Ideally suited for Buy-and-Hold Investors or Owner-Occupants, this asset provides immediate rental upside in a high-demand coastal market near the LA Waterfront.
Estimated Market Value
$862,720+$64,720 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 |
|---|---|---|---|---|---|---|
★ 524 W 2nd Subject | $798,000* List Price | 0 | 0 | 1,670 | $517 | - |
A 322 S Grand Avenue Sold | $765,000 | 0 | 0 | 1,452 | $527 | 0.1 mi |
B 827 N Gaffey Sold | $825,000 | 0 | 0 | 1,420 | $581 | 0.6 mi |
C 728 W 11th Street Sold | $865,000 | 4 | 2 | 1,872 | $462 | 0.6 mi |
D 925 S Grand Avenue Active | $649,000 List Price | 0 | 0 | 1,836 | $353 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
One unit recently underwent a full high-end renovation (less than 5 years) featuring new flooring, paint, and modern fixtures. The property includes upgraded systems such as tankless water heaters, and despite the 1964 build date, the units are in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- Detached Dual-Living Configuration
The property features two detached homes rather than a shared-wall duplex, offering superior privacy, individual yards, and private garages that significantly enhance tenant appeal and retention.
- Substantial Rental Upside
With one unit already renovated and achieving $2,795 per month, there is a clear path to increased ROI by bringing the second unit, currently at $1,491, up to market rates.
CONSRISKS & DEFICIENCIES
- Income Disparity
The significant rent gap between the two units indicates a long-term tenant at well below market value, which may limit immediate cash flow and require strategic management to normalize.
- Local School Performance
The property is zoned for Barton Hill Elementary, which carries a low rating of 2, potentially limiting the appeal for families prioritizing high-performing local school districts.
About 524 W 2nd
Excellent San Pedro investment opportunity featuring two detached 2-bedroom/1-bath homes on a 5,000 SF lot. Each unit has its own garage, providing privacy and strong tenant appeal. One unit was recently fully renovated with high-end finishes and rented for $2,795 per month, while the second is occupied by a long-term tenant paying $1,491 per month, offering stable income with significant rental upside. Both homes are in excellent condition and include tankless water heaters, washer / dryer hookups, private yards... Ideally located near Downtown San Pedro, the LA Waterfront, and the West Harbor development in a high-demand coastal rental market with limited multifamily inventory.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1964
- Lot Size
- 5,000 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
Barton Hill Elementary School
Grades K-6 • 0.3 mi
2/10
Cabrillo Avenue Elementary School
Grades K-5 • 0.5 mi
3/10
Bandini Street Elementary School
Grades K-6 • 0.7 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 | 1,670 | 2,854.929 |
| Lot Size | 5,000 | 5,420.5 |
| Price | $798.0K | $949.9K |
| Price per sq ft | $478 | $400 |
| Built year | 1964 | 1955 |
| HOA | $0 | $0 |
| Days on market | 41 | 76 |
Pricing History
Listed for Sale
Jul 30, 2026
$798,000
Initial Listing
Sold
Jan 26, 2010
$270,000
Public Record
Sold
Jun 7, 2001
$172,000
Public Record