741 W 40th Street, San Pedro, California 90731, San Pedro, 90731 - 1 bed, 1 bath

741 W 40th Street
San Pedro, California 90731
Property Price
SUMMARY
Analysis of 741 W 40th Street, San Pedro, California 90731 reveals a property with a current list price of $675,000, which is 12% above the estimated $600,565 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 741 W 40th Street Subject | $675,000* List Price | 1 | 1 | 576 | $1,043 | - |
A 3019 3019 S Denison Sold | $699,000 | 2 | 1 | 768 | $910 | 0.6 mi |
B 2712 S Carolina Pending | $679,000 List Price | 2 | 1 | 756 | $898 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1920s cottage is in move-in ready condition and has been exceptionally well-maintained. While the kitchen and bathroom retain their original period charm and vintage fixtures, the property features significant modern upgrades including copper plumbing, a retrofitted foundation, an upgraded 100-amp electrical panel, and central forced air heating. The interior is further enhanced by newly refinished original hardwood floors and fresh paint throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- Prime Coastal Location
Situated just one block from the ocean bluffs and Korean Friendship Bell Park, this home offers an exceptional lifestyle with immediate access to walking trails, tide pools, and local dining.
- Exceptional Market Value
Priced under $700,000, this property represents a rare opportunity to own a detached single-family residence in a Southern California beach community at a highly accessible price point.
CONSRISKS & DEFICIENCIES
- Limited Living Space
At only 576 square feet with a single bedroom, the home's compact footprint may be too restrictive for families or buyers requiring additional guest or office space.
- Small Lot Size
The 2,338 square foot lot offers minimal yard space and limited potential for significant outdoor expansion or large-scale gardening.
About 741 W 40th Street
"LOCATION, LOCATION, LOCATION" has always been the real estate mantra when it comes to value and this super charming 1920's beach cottage is the perfect example of that. It might literally be the only home in Southern California located a block away from the ocean bluffs that you can buy for under $700,000. Across the street you have the beautiful Korean Friendship Bell Park. Approximately a block to the South is Point Fermin Park and the Pacific Ocean. A few blocks to the East are the hot local dining spots, Lighhouse Cafe and Pacific Diner. A little futher East is Cabrillo Beach and the well-known windsurfing spot known as Hurricane Gulch. If you like to keep fit you can take a stroll down Paseo Del Mar, hit the walking trails in White Point Nature Preserve and then go down the hill to Royal Palms to explore the tide pools. The home has been lovingly-maintained and offers great curb appeal highlighted by the Craftsman style architecture, a freshly painted exterior and inviting covered porch. Step through the entry door into the sunlit living room featuriing a fireplace, attractive wainscoting and a spacious dining area with built-in cabinetry. Cozy kitchen retains it's original charm with the adjacent laundry room (washer and dryer included) providing convenience. Bedroom is good-sized and the bathroom is also true to period with a claw-foot tub and wall-mount wash basin. The interior sports a new coat of paint and the original hardwood floors have just been refinished. For functionality and comfort there's a central forced air heating system, upgraded 100 amp electrical panel, copper plumbing, retrofitted foundation and roof was installed in 2003 and serviced in 2024 (see supplements).Fenced front yard along with a spacious area on the West side of the home provide ample outdoor space for entertaining or gardening. Behind the home is a gated parking space and the one car garage. This classic San Pedro home provides the opportunity to enjoy a lifestyle that can rarely be had at this price point. DON'T MISS IT!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 2,338 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Pedro Unified Schools
White Point Elementary School
Grades K-6 • 1.1 mi
Leland Street Elementary School
Grades K-6 • 1.3 mi
Fifteenth Street Elementary School
Grades K-5 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 3% |
| Baths | 1.0 | 2.0 | 33% |
| Square foot | 576 | 1,389 | 3% |
| Lot Size | 2,338 | 5,000 | 1% |
| Price | $675.0K | $825.0K | 16% |
| Price per sq ft | $1.2K | $650 | 97% |
| Built year | 1920 | 1936 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 191 | 1% |
Pricing History
Listed for Sale
Feb 17, 2026
$675,000
Initial Listing







































