740 W. 21st, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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740 W. 21st
San Pedro, California 90731
ACTIVE
CONDITION: FAIR
0Beds
0Baths
3,702Sq Ft
5,010Lot Size
Property Price
LIST PRICE$1,250,000
EST. MARKET VALUE
$1,170,805
6% AboveMARKET VALUE
SUMMARY
This Quadruplex presents a High-Potential Investment Opportunity with a List Price of $1,250,000—positioned above the $1,170,806 Fair Market Value. While priced at a premium, the property offers immediate upside through a vacant, remodeled unit and significant ADU Development Potential on its 5,010 sq ft lot. With a Condition Rating of 4, the asset requires capital for system upgrades, yet benefits from proximity to the West Harbor development. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage rental income.
Estimated Market Value
$1,170,805
Based on Realkey algorithm analyzing recent comparable sales in San Pedro.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 740 W. 21st Subject | $1,250,000* List Price | 0 | 0 | 3,702 | $316 | - |
A 1504 S Grand Sold | $969,000 | 0 | 0 | 3,343 | $290 | 0.4 mi |
B 719 Oro Sold | $1,625,000 | 0 | 0 | 4,058 | $400 | 1.0 mi |
C 1504 S Grand Sold | $969,000 | 3 | 2 | 3,343 | $290 | 0.4 mi |
D 665 W 21st Sold | $1,250,000 | 0 | 0 | 4,438 | $282 | 0.1 mi |
E 841 W 25th Street Sold | $1,200,000 | 0 | 0 | 3,603 | $333 | 0.3 mi |
F 464 W 17th St Sold | $1,130,000 | 0 | 0 | 3,224 | $350 | 0.4 mi |
G 221 W 10th Street Sold | $1,110,000 | 0 | 0 | 3,730 | $298 | 0.9 mi |
H 534 W 19th Sold | $980,000 | 0 | 0 | 4,000 | $245 | 0.3 mi |
I 732 W 21st Active | $1,124,000 List Price | 0 | 0 | 2,860 | $393 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1962, this 60+ year old property is a 'value-add' quadruplex with only one of four units recently remodeled. The remaining units and exterior systems, including visible window AC units, are dated and require updates to meet modern standards, though the building remains functional and income-producing.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- ADU Development Potential
The property features seven on-site parking spaces on a 5,010 sq ft lot, providing a significant opportunity for ADU development to increase density and total rental yield.
- Immediate Value-Add Opportunity
With one unit already fully remodeled and delivered vacant, an investor can achieve immediate market-rate rent or an owner-user can occupy the unit while generating income from the others.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1962, the property may require significant capital expenditures for long-term maintenance or system upgrades, particularly in the three units that have not been remodeled.
- Inconsistent School Ratings
While the area offers some high-performing schools, the closest elementary school is rated a 2/10, which may be a deterrent for families seeking long-term residency.
About 740 W. 21st
740 W 21st Street offers a unique value-add multifamily opportunity in San Pedro’s desirable Vista Del Oro neighborhood, featuring four spacious 2-bedroom/1-bathroom units each averaging 950 Sq Ft. The property offers one fully remodeled, vacant unit that creates upside day one, seven on-site parking spaces, providing major potential for ADU development, separately metered gas and electricity, and on-site laundry. This asset is perfect for an owner/user looking to occupy the vacant unit and pay down the mortgage or an investor looking to add value through creative ownership. Located just blocks from the waterfront where the west harbor development is creating excitement and opportunity to the vibrant & historic San Pedro community.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1962
- Lot Size
- 5,010 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Pedro Unified Schools
Leland Street Elementary School
Grades K-6 • 0.4 mi
5/10
Fifteenth Street Elementary School
Grades K-5 • 0.6 mi
5/10
Cabrillo Avenue Elementary School
Grades K-5 • 0.8 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.3 |
| Baths | 0.0 | 2.0 |
| Square foot | 3,702 | 2,854.929 |
| Lot Size | 5,010 | 5,420.5 |
| Price | $1.25M | $949.9K |
| Price per sq ft | $338 | $400 |
| Built year | 1962 | 1955 |
| HOA | $0 | $0 |
| Days on market | 14 | 76 |
Pricing History
Listed for Sale
Aug 26, 2026
$1,250,000
Initial Listing
Sold
Jun 3, 2022
$1,211,000
Public Record
Sold
Sep 23, 2019
$900,000
Public Record
Sold
Apr 4, 2001
$350,000
Public Record