701 N Gaffey, San Pedro, California 90731, San Pedro, 90731 - 2 bed, 1 bath
701 N Gaffey
San Pedro, California 90731
Property Price
SUMMARY
Analysis of 701 N Gaffey, San Pedro, California 90731 reveals a Fairly Priced Property with a current list price of $600,000 aligned with the estimated $585,449 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1917, this property features vintage infrastructure that likely requires significant modernization of electrical, plumbing, and structural systems. While currently occupied, the lack of reported renovations and the emphasis on land value and rental potential suggest the home is in a state of deferred maintenance with outdated kitchen and bathroom features.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Income Potential
The property features two separate 2-bedroom, 1-bathroom homes, providing an excellent opportunity for dual rental income or a multi-generational living arrangement.
- Separate APN Flexibility
With each home situated on its own APN, the buyer gains significant investment flexibility and potential for future individual resale or simplified financing.
- Immediate Cash Flow
Both units are currently occupied with month-to-month tenancies, offering immediate revenue for investors while maintaining the flexibility to adjust terms or occupy the units.
CONSRISKS & DEFICIENCIES
- High Density on Small Lot
The 2,921 sqft lot is relatively small for two detached homes and two garages, resulting in limited outdoor space and minimal privacy between the dwellings.
- Vintage Infrastructure
Originally built in 1917, the property may require significant capital expenditure for modernizing structural, electrical, and plumbing systems to meet current standards.
About 701 N Gaffey
Welcome to this 1917 charming 2 bedroom, 1 ba front house, sits on one lot, with 2 detached car garages . 714 Crestwood St, is a 2 bedroom 1 bath house in the back, these two homes have their own APN #s. Must be sold together. Both are rentals, on MO to MO any Termination of tenancy to be initiated by the Owner. Pleaase contact me for further information.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1917
- Lot Size
- 2,921 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 36% |
| Baths | 1.0 | 2.0 | 33% |
| Square foot | 969 | 1,389 | 22% |
| Lot Size | 2,921 | 5,000 | 12% |
| Price | $600.0K | $825.0K | 10% |
| Price per sq ft | $619 | $639 | 45% |
| Built year | 1917 | 1936 | 10% |
| HOA | $0 | $0 | 50% |
| Days on market | 91 | 191 | 10% |
Pricing History
Listed for Sale
Dec 5, 2025
$600,000
Initial Listing