883 S Herbert Avenue, San Pedro, California 90731, San Pedro, 90731 - 2 bed, 2 bath

883 S Herbert Avenue, San Pedro, California 90731 home-pic-0
ACTIVE$775,000
883 S Herbert Avenue, San Pedro, California 90731
2Beds
2Baths
876Sqft
4,940Lot

Price Vs. Estimate

The estimated value ($715,686.445) is $59,313.555 (7%) lower than the list price ($775,000). This property may be overpriced.

Key pros and cons

Top Pros:
Development Potential: Ready-To-Issue (RTI) approved plans for a 600 sq. ft. 1-bedroom unit in the backyard, saving time and money on permitting.
Top Cons:
Size: The existing home is relatively small at 876 sq. ft., which may not be suitable for larger families without the additional unit.

Compared to the nearby listings

Price:$775.0K vs avg $855.0K ($-80,000)38%
Size:876 sqft vs avg 1,403 sqft15%
Price/sqft:$885 vs avg $65790%

More Insights

Built in 1925 (100 years old).
Condition: The property was built in 1925. While the listing mentions stainless steel appliances in the kitchen, the images show a galley kitchen that appears functional but not recently renovated. The bathrooms also appear dated. The house seems maintained, but requires updates to bring it to modern standards. Therefore, a 'Fair' condition score is appropriate.
Year Built
1925
Close
-
List price
$775K
Original List price
$775K
Price/Sqft
$885
HOA
-
Days on market
-
Sold On
-
MLS number
DW24224219
Home ConditionFair
Features
Good View: Park/Greenbelt, Neighborhood
Patio
ViewPark/Greenbelt, Neighborhood

About this home

Nestled on a quiet, one way street in the sought-after Holy Trinity area of San Pedro, this charming 2-bedroom, 2-bathroom home offers an exceptional opportunity for both comfort and future growth. This beautifully maintained 2-bedroom, 2-bathroom home offers 876 sq. ft. of light-filled living space on an expansive nearly 5,000 sq. ft. lot, perfectly blending comfort, character, and possibility. The property comes with a rare and invaluable asset: Ready-To-Issue (RTI) approved plans to seamlessly add a 600 sq. ft. 1-bedroom unit in the spacious backyard. These plans mean no waiting, cost savings, and no back and forth with the city—just a smooth path to expanding your living space or creating a potential rental income opportunity. This addition is ready to be built, reducing stress, and saving tens of thousands of dollars, making this home an extraordinary value and an investor's dream. As you enter the front you are welcomed by a warm and inviting living room, where a cozy fireplace sets the perfect ambiance for relaxing evenings or entertaining guests. Just off the living area, you’ll find a well-appointed galley kitchen with sleek stainless steel appliances, efficient layout designed for both style and functionality. This seamless flow from the living room to the kitchen creates an open, connected feel, making the home feel spacious and welcoming—ideal for hosting or everyday living. Located just a few doors down from Leland Park, this property brings the best of neighborhood living right to your doorstep. Enjoy the park’s playground, basketball and tennis courts, baseball diamond, and picnic-ready open spaces—a true retreat within the city for you and your loved ones. Adding to the allure, the home sits close to San Pedro’s transformative $170 million waterfront redevelopment project, soon to feature upscale restaurants, unique shopping boutiques, and a waterfront entertainment venue. This visionary project promises to elevate the area, creating a vibrant and lively social scene just moments from your front door. This rare find offers the chance to embrace the San Pedro lifestyle with comfort today and room to grow tomorrow. Don’t miss out on making this exceptional property your new sanctuary! Property may be eligible for the Community Opportunity Loan Program, providing 100% financing, no mortgage insurance, and up to $10,000 in closing cost​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​‌‌​​‌‌​​​​ assistance.

Nearby schools

5/10
Bandini Street Elementary School
Public,K-60.3mi
9/10
Park Western Place Elementary School
Public,K-50.5mi
2/10
Barton Hill Elementary School
Public,K-60.6mi
9/10
Taper Avenue Elementary School
Public,K-50.8mi
3/10
Cabrillo Avenue Elementary School
Public,K-50.9mi
5/10
Crestwood Street Elementary School
Public,K-60.9mi
4/10
Seventh Street Elementary School
Public,K-51.2mi
5/10
Fifteenth Street Elementary School
Public,K-51.5mi
5/10
Leland Street Elementary School
Public,K-61.8mi
4/10
Hawaiian Avenue Elementary School
Public,K-52.1mi
8/10
Mira Catalina Elementary School
Public,K-52.3mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,K-52.5mi
7/10
White Point Elementary School
Public,K-62.5mi
6/10
Eshelman Avenue Elementary School
Public,K-52.8mi
6/10
Harbor City Elementary School
Public,K-53.0mi
4/10
Richard Henry Dana Middle School
Public,6-81.4mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,6-81.5mi
8/10
Miraleste Intermediate School
Public,6-81.8mi
6/10
Alexander Fleming Middle School
Public,6-83.1mi
4/10
Hudson K-8
Public,K-85.5mi
6/10
San Pedro Senior High School
Public,9-121.4mi
5/10
Phineas Banning Senior High School
Public,9-123.6mi
5/10
Nathaniel Narbonne Senior High School
Public,9-123.7mi
10/10
Palos Verdes Peninsula High School
Public,9-124.9mi
3/10
Cabrillo High School
Public,9-125.5mi
8/10
Palos Verdes High School
Public,9-127.4mi
Condition Rating
Fair

The property was built in 1925. While the listing mentions stainless steel appliances in the kitchen, the images show a galley kitchen that appears functional but not recently renovated. The bathrooms also appear dated. The house seems maintained, but requires updates to bring it to modern standards. Therefore, a 'Fair' condition score is appropriate.
Pros & Cons

Pros

Development Potential: Ready-To-Issue (RTI) approved plans for a 600 sq. ft. 1-bedroom unit in the backyard, saving time and money on permitting.
Location: Located in the desirable Holy Trinity area, close to Leland Park and the upcoming $170 million waterfront redevelopment project.
Financing Options: Property may be eligible for the Community Opportunity Loan Program, offering 100% financing and closing cost assistance.

Cons

Size: The existing home is relatively small at 876 sq. ft., which may not be suitable for larger families without the additional unit.
Year Built: Built in 1925, the property may require updates or maintenance to meet modern standards.

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