524 W 2nd Street, San Pedro, California 90731, San Pedro, 90731 - 4 bed, 2 bath

524 W 2nd Street, San Pedro, California 90731 home-pic-0

524 W 2nd Street

San Pedro, California 90731

ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
1,664Sq Ft
5,000Lot Size

Property Price

LIST PRICE$895,000

SUMMARY

Analysis of 524 W 2nd Street, San Pedro, California 90731 is currently available with a list price of $895,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the San Pedro Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property features a fully renovated unit with high-end stainless steel appliances, modern cabinetry, quartz countertops, and new flooring throughout. With updated systems like a tankless water heater and contemporary bathroom finishes, the home meets current quality standards with no visible deferred maintenance.

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

    Unlike traditional duplexes, this property features two separate, stand-alone homes on a 5,000 SF lot, offering superior privacy and a single-family residential feel for both occupants.

  • Turnkey Owner-Occupant Opportunity

    One unit is delivered vacant and fully renovated with high-end appliances, a tankless water heater, and a private garage, allowing for immediate move-in or market-rate leasing without additional capital expenditure.

CONSRISKS & DEFICIENCIES

  • Below-Market Rental Income

    The second unit is currently rented at $1,491 per month, which is significantly below market value for a 2-bedroom home in this area, potentially limiting immediate cash flow for investors.

  • Low Local School Ratings

    The closest elementary school, Barton Hill, has a low rating of 2/10, which may deter families and impact the property's appeal to a broader segment of future buyers.

About 524 W 2nd Street

OPEN HOUSE Sunday Feb 22 from 11AM to 1PM. Charming two-unit property offering a rare opportunity to live in one home while the other helps offset your mortgage. The property features two separate, stand-alone 2BD/1BA homes on a 5,000 SF lot in desirable San Pedro, providing privacy not typically found in duplexes. One unit will be delivered vacant and fully renovated, complete with high-end appliances, in-unit washer and dryer, tankless water heater, and its own private garage and driveway, making it ideal for an owner-occupant or immediate rental at market rates. The second unit is in excellent condition and currently rented for $1,491/month, offering stable in-place income from day one. Built in 1964, the property combines solid construction with long-term value and flexible owner-occupied financing options, all in a prime location near Downtown San Pedro, the LA Waterfront, and the West Harbor redevelopment—an ideal setup for homeowners seeking comfort, income, and future upside.

Property Details

Public Facts

Property Type
Duplex
Year Built
1964
Lot Size
5,000 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
2 (2 Full, 0 Half)

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.0-
86%
Baths2.0-
79%
Square foot1,6642,197
30%
Lot Size5,0005,001
44%
Price$895.0K$910.0K
42%
Price per sq ft$538$427
70%
Built year19641928
70%
HOA$0$0
50%
Days on market28177
2%

Pricing History

Listed for Sale

Feb 21, 2026

$895,000

$925,000

-3% Price Drop

Initial Listing

Price Change

Feb 6, 2026

$925,000

Initial Listing

Sold

Jan 26, 2010

$270,000

Public Record

Sold

Jun 7, 2001

$172,000

Public Record

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