645 W 21st, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
This Craftsman Triplex is a Strong Value Opportunity, listed at $729,000—positioned below the $739,566 Fair Market Value by 1%. This valuation gap provides $10,566 in Instant Equity. While maintaining a Condition Rating of 4, the property features a recently replaced roof, upgraded electrical, and three detached garages. Proximity to the West Harbor waterfront and top-rated schools like Taper Avenue Elementary (9/10) enhances long-term desirability. With below-market rents offering significant income upside, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 645 W 21st Subject | $729,000* List Price | 0 | 0 | 1,584 | $467 | - |
A 1939 South Alma Street Sold | $799,000 | 0 | 0 | 1,520 | $526 | 0.5 mi |
B 1412 S Mesa Street Sold | $900,000 | 0 | 0 | 1,728 | $521 | 0.5 mi |
C 728 W 11th Street Sold | $865,000 | 0 | 0 | 1,872 | $462 | 0.7 mi |
D 728 W 11th Street Sold | $865,000 | 4 | 2 | 1,872 | $462 | 0.7 mi |
E 2617 S Pacific Avenue A Sold | $780,000 | 0 | 0 | 1,480 | $527 | 0.4 mi |
F 782 W 14th Street Active | $679,000 List Price | 0 | 0 | 1,664 | $408 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1923, this triplex has received essential updates including a new roof and upgraded electrical systems. However, the exterior images show significant deferred maintenance, specifically peeling paint on the wood siding and detached garages. The lack of interior photos typically indicates that the kitchens and bathrooms are likely dated and in need of modernization, fitting the 'fair' criteria of an aged property that is functional but requires cosmetic updates.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property currently features below-market rents, providing a significant opportunity for an investor to increase cash flow and realize value appreciation as units turn over.
A recently replaced roof and upgraded electrical systems mitigate immediate capital expenditure requirements and reduce long-term maintenance liabilities.
Built in 1923, this Craftsman triplex may require specialized ongoing maintenance or further modernization of legacy plumbing and foundation systems common to 100-year-old structures.
The property is served by several schools with lower performance ratings, such as Barton Hill Elementary and Cabrillo Avenue Elementary, which may limit appeal for families with school-aged children.
Craftsman triplex with 3 detached garages. New roof recently and electrical has been upgraded. Each unit has it own service porch with laundry hookups. Below market rent provides for future upside potential. Short distance to the Marina and West Harbor waterfront.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-6 • 0.6 mi
Grades K-5 • 0.9 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 | 1,584 | 2,258.5 | 22% |
| Lot Size | 5,000 | 5,001.5 | 41% |
| Price | $729.0K | $985.0K | 11% |
| Price per sq ft | $460 | $462 | 46% |
| Built year | 1923 | 1928 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 210 | 2% |
Apr 3, 2026
$729,000
Initial Listing
May 24, 1996
$153,000
Public Record