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

741 W 40th Street, San Pedro, California 90731 home-pic-0

741 W 40th Street

San Pedro, California 90731

ACTIVE UNDER CONTRACT
CONDITION: GOOD
1Beds
1Baths
576Sq Ft
2,338Lot Size

Property Price

LIST PRICE$675,000
EST. MARKET VALUE
$600,565
12% AboveMARKET VALUE

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

$600,565
Based on Realkey algorithm analyzing recent comparable sales in San Pedro.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
741 W 40th Street
Subject
$675,000*
List Price
11576$1,043-
A
3019 3019 S Denison
Sold
$699,00021768$9100.6 mi
B
2712 S Carolina
Pending
$679,000
List Price
21756$8980.8 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

7/10

Leland Street Elementary School

Grades K-6 • 1.3 mi

5/10

Fifteenth Street Elementary School

Grades K-5 • 1.6 mi

5/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds1.03.0
3%
Baths1.02.0
33%
Square foot5761,389
3%
Lot Size2,3385,000
1%
Price$675.0K$825.0K
16%
Price per sq ft$1.2K$650
97%
Built year19201936
15%
HOA$0$0
50%
Days on market17191
1%

Pricing History

Listed for Sale

Feb 17, 2026

$675,000

Initial Listing

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