669 W 40th 2, San Pedro, California 90731, San Pedro, 90731 - 3 bed, 3 bath
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San Pedro, California 90731
This Coastal Value-Add Townhome is listed at $799,000, reflecting its premier location in the historic Point Fermin neighborhood. While the property currently holds a Poor Condition Rating due to its original 1991 finishes, it offers a spacious multi-level layout featuring peek-a-boo ocean views, a wet bar, and a convenient dumbwaiter. The property is uniquely positioned within the boundaries of elite institutions like Taper Avenue Elementary (9/10) and Palos Verdes Peninsula High (10/10). This is an ideal acquisition for Owner-Occupants or first-time buyers looking to build equity through cosmetic modernization in a high-demand coastal market.
Property is extensive renovation needed.
The property was built in 1991, making it 33 years old. The kitchen and wet bar feature original oak cabinetry, white tile countertops, and dated white appliances. While the home is well-maintained, the age of the primary systems and the original 30+ year old finishes meet the criteria for a poor rating, requiring a full cosmetic rehab to modernize.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Situated in the historic Point Fermin neighborhood, this property is within walking distance of the Korean Bell, Paseo Del Mar, and Point Fermin Park, offering an ideal coastal lifestyle.
The home features unique conveniences including a dumbwaiter from the garage to the kitchen, a versatile bonus room for a gym or office, and a low HOA fee of only $250.
The multi-level layout requires navigating three flights of stairs to reach the main living and kitchen areas, which may be a drawback for buyers with mobility concerns.
While some nearby schools are highly rated, the immediate local school assignments include institutions with lower performance ratings, which may impact appeal for some families.
Coastal living at its finest in one of San Pedro's premier neighborhoods! Few opportunities ever arise to own a property in a newer building within this small, four-unit complex in this historic Point. Fermin area, just walking distance to the Korean Bell, Paseo Del Mar and Point Fermin Park. This 3 bedroom, 2.5 bathroom townhome features some ocean views and wonderful multilevel living. Enter through the street-level front entrance, which opens to a split level. The 1st level features a two-car garage, laundry room, and a bonus room perfect for a home office or gym. The 2nd level consists of 3 spacious bedrooms and 2 bathrooms including the primary suite, which has two closets and a large primary full bath. Head upstairs to the main 3rd level which features open-concept living, dining, and kitchen areas. Raised ceilings, multiple skylights, a balcony off the living area, and plenty of windows create a spacious feeling while inviting cool ocean breezes. The kitchen offers plenty of counter space and an area for a breakfast nook with a small outdoor patio. Additional excellent features include a wet bar, a fireplace, central vacuum, a dumbwaiter from the garage to the top floor for convenience, and low HOAs. You will want to see this one for yourself to truly appreciate its uniqueness! PLEASE SEE SUPPLEMENTS FOR FLOOR PLAN!
No exterior & parking available.
Grades K-6 • 1.1 mi
Grades K-6 • 1.3 mi
Grades K-5 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,576 | 1,576 | 50% |
| Lot Size | 6,077 | 6,077 | 50% |
| Price | $799.0K | $799.0K | 50% |
| Price per sq ft | $507 | $507 | 50% |
| Built year | 1991 | 1991 | 50% |
| HOA | $250.0 | $292 | 33% |
| Days on market | 0 | 43 | 33% |
Apr 21, 2026
$799,000
Initial Listing
Jan 28, 2000
$222,000
Public Record