
San Pedro, California 90731
This 8-unit property represents a High-Potential Investment Opportunity, listed at a List Price of $980,000—positioned well below the $984,012 Fair Market Value by 0.41%. Featuring a Condition Rating of 4, the asset includes a new roof and a vacant, rent-ready unit. The inclusion of an adjacent vacant lot provides significant Development Potential. While unit sizes are compact, the property offers strong in-place income and rental upside. This is a strategic acquisition for Buy-and-Hold Investors or Real Estate Developers seeking long-term growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 930 N Grand Subject 0 bd · 0 ba · 2,376 sqft · $414 | $980,000* List Price | 0 | 0 | 2,376 | $414 | - |
A 240 N Meyler Active 0 bd · 0 ba · 2,612 sqft · $454 · 0.6 mi | $1,187,000 List Price | 0 | 0 | 2,612 | $454 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1930, this property exceeds the 20-year age threshold for a higher rating. While the listing notes it is well-maintained with a new roof and one rent-ready unit, the lack of a comprehensive recent renovation and the mention of 'rental upside' typically indicate dated interiors and systems that require minor updates.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property includes a second adjacent parcel consisting of a vacant lot, offering excellent long-term upside and expansion potential for future development.
Offered at an attractive 9.8 GRM on current income with low operating expenses, substantial rental upside, and one unit delivered vacant and rent-ready.
With a total of 2,376 square feet distributed across 8 units, the individual layouts are exceptionally small, which may limit the tenant demographic.
The closest assigned public schools, such as Barton Hill Elementary, have low performance ratings, potentially deterring families with school-aged children.
Well-maintained 8-unit investment opportunity situated on two adjacent parcels totaling approximately 10,802 square feet. All eight units are located on one APN, while the second APN consists of a vacant lot offering potential for future development—buyer to verify. The property has benefited from numerous improvements, including a new roof, and one unit will be delivered vacant and rent-ready. Offered at an attractive 9.8 GRM on current income, the property features low operating expenses and significant rental upside. Located in a quiet residential neighborhood of San Pedro, this is a solid investment opportunity with strong in-place income and additional long-term upside.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.6 mi
Grades K-5 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,376 | 5,509 |
| Lot Size | 5,400 | 7,217.5 |
| Price | $980.0K | $1.65M |
| Price per sq ft | $412 | $329 |
| Built year | 1930 | 1968 |
| HOA | $0 | $0 |
| Days on market | 32 | 102 |
Sep 23, 2026
$980,000
Initial Listing