535 W 15th, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
This Strategic Value-Add Quadruplex is listed at $1,500,000, positioned as a high-utility income asset relative to its $1,245,006 Fair Market Value. Boasting a Fair Condition Rating, the property offers an Exceptional Parking Ratio with 9 spaces and immediate rental upside through one vacant unit and month-to-month agreements. Located near the West Harbor redevelopment and within reach of Top-Rated Schools like Palos Verdes Peninsula High (10/10), the building is primed for long-term appreciation. This is a premier acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 535 W 15th Subject | $1,500,000* List Price | 0 | 0 | 4,144 | $300 | - |
A 343 W 12th Street Sold | $1,150,000 | 0 | 0 | 4,090 | $281 | 0.3 mi |
B 1509 S Palos Verdes Street Sold | $1,150,000 | 0 | 0 | 3,556 | $323 | 0.4 mi |
C 684 W 23rd Street Sold | $1,067,625 | 0 | 0 | 3,266 | $327 | 0.5 mi |
D 789 W 18th Street 3 Sold | $1,277,300 | 0 | 0 | 4,684 | $273 | 0.4 mi |
E 1085 W 19th Street Sold | $1,350,000 | 0 | 0 | 3,979 | $339 | 0.7 mi |
F 1025 W 12th Sold | $1,150,000 | 0 | 0 | 2,760 | $417 | 0.7 mi |
G 221 W 10th Street Active Under Contract | $1,110,000 List Price | 0 | 0 | 3,730 | $298 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, this property is over 40 years old and shows signs of being outdated, particularly in the common areas and exterior electrical systems which exhibit surface rust. While the building is functional and maintained, there is no mention or visual evidence of recent major renovations to the kitchens or bathrooms, placing it squarely in the 'fair' category for its age and likely original or older interior finishes.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property features a rare abundance of parking with 5 carport spaces and 4 uncovered spots, providing over two spaces per unit in a high-density area where parking is typically scarce.
With one unit delivered vacant and the remaining units on month-to-month agreements, an investor has the immediate flexibility to renovate and capture market-rate rents or utilize the property for owner-occupancy.
The lack of in-unit laundry in the fourth unit creates a disparity in utility and value compared to the other three units, potentially complicating uniform rent increases across the building.
The assigned elementary school has a low rating of 3/10, which may deter long-term family tenants and limit the property's appeal to a broader demographic of renters.
Positioned in the heart of Central San Pedro, this well-located fourplex offers a rare combination of very spacious units and solid rental income. The property features four 2-bedroom, 1-bath units, each with its own private balcony, and one unit will be delivered vacant, providing immediate flexibility for an owner-user or the opportunity to capture market rents. The building offers a low-maintenance setup. Three of the units include in-unit laundry, adding everyday convenience, while the fourth has access to laundry options. On-site parking is a standout feature with 5 carport spaces and 4 additional uncovered spots. All units are currently on month-to-month agreements while the unit sizes and functional layouts support long-term tenancy and consistent occupancy. Located just minutes from the Port of Los Angeles and near the highly anticipated West Harbor redevelopment, the property is positioned within an area experiencing continued growth and investment. With new dining, retail, and entertainment on the horizon, this location offers both immediate rental demand and long-term upside potential.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 4,144 | 2,338.5 | 87% |
| Lot Size | 6,761 | 5,199 | 91% |
| Price | $1.50M | $1.04M | 87% |
| Price per sq ft | $362 | $462 | 28% |
| Built year | 1981 | 1928 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 13 | 210 | 2% |
Apr 9, 2026
$1,500,000
Initial Listing
Aug 16, 2019
$1,020,000
Public Record
May 21, 2013
$688,000
Public Record
Mar 26, 2012
$400,000
Public Record
Jun 1, 2007
$760,000
Public Record
Dec 20, 1996
$220,000
Public Record