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

524 W 2nd Street
San Pedro, California 90731
Property Price
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
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
Cabrillo Avenue Elementary School
Grades K-5 • 0.5 mi
Bandini Street Elementary School
Grades K-6 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | - | 86% |
| Baths | 2.0 | - | 79% |
| Square foot | 1,664 | 2,197 | 30% |
| Lot Size | 5,000 | 5,001 | 44% |
| Price | $895.0K | $910.0K | 42% |
| Price per sq ft | $538 | $427 | 70% |
| Built year | 1964 | 1928 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 28 | 177 | 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





















