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1054 W 23rd Street, San Pedro, California 90731, San Pedro, 90731 - 5 bed, 4 bath

1054 W 23rd Street, San Pedro, California 90731 home-pic-0
ACTIVE$1,499,000
1054 W 23rd Street, San Pedro, California 90731
5Beds
4Baths
2,797Sqft
5,016Lot
Year Built
1987
Close
-
List price
$1.5M
Original List price
$1.55M
Price/Sqft
$536
HOA
-
Days on market
-
Sold On
-
MLS number
SB25193035
Home ConditionExcellent
Features
Good View: None
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(88th), sqft - 2797(62th), beds - 5(93th), baths - 4(93th).

Discover an exceptional investment opportunity at 1054 W 23rd St in the vibrant San Pedro, CA. This captivating four-unit property blends historical elegance with contemporary functionality. It features a charming 2-bedroom/1-bathroom front house complemented by three meticulously renovated 1-bedroom/1-bathroom units at the rear. Recent enhancements, exceeding $150,000, include complete renovation to all rear units, installation of new water heaters and modern appliances, termite tenting completed in May 2023, fresh exterior paint, new vinyl gates, garage door and revamped property drainage system. Strategically situated in an area witnessing a $100 Million Dollar waterfront development - West Harbor, this property is poised for significant appreciation. The development promises to enhance the locale with new entertainment and dining venues, along with breathtaking views of the bustling activities at the country’s largest port. This is a rare chance to be part of San Pedro’s exciting real estate transformation. Seize the opportunity to own a piece of this dynamic​​‌​​​​‌​​‌‌​​‌​​​‌‌​​​‌​​‌‌​​‌‌​​‌‌​​​​ community.

Nearby schools

5/10
Leland Street Elementary School
Public,•K-6•0.1mi
7/10
White Point Elementary School
Public,•K-6•0.7mi
5/10
Fifteenth Street Elementary School
Public,•K-5•1.0mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•1.0mi
4/10
Seventh Street Elementary School
Public,•K-5•1.2mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•1.3mi
5/10
Bandini Street Elementary School
Public,•K-6•1.6mi
2/10
Barton Hill Elementary School
Public,•K-6•1.7mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.9mi
9/10
Park Western Place Elementary School
Public,•K-5•2.0mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.3mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.6mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•3.8mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•4.5mi
6/10
Harbor City Elementary School
Public,•K-5•4.9mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.6mi
8/10
Miraleste Intermediate School
Public,•6-8•2.4mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.0mi
6/10
Alexander Fleming Middle School
Public,•6-8•4.9mi
4/10
Hudson K-8
Public,•K-8•7.0mi
6/10
San Pedro Senior High School
Public,•9-12•0.5mi
5/10
Phineas Banning Senior High School
Public,•9-12•5.4mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•5.6mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•5.8mi
3/10
Cabrillo High School
Public,•9-12•6.9mi
8/10
Palos Verdes High School
Public,•9-12•7.9mi

Price History

Date
Event
Price
10/11/25
Price Change
$1,499,000-1.3%
09/20/25
Price Change
$1,518,000-2.0%
08/27/25
Listing
$1,549,000
06/13/22
Sold
$1,190,000
11/20/03
Sold
$650,000
03/29/96
Sold
$260,000
Condition Rating
Excellent
While built in 1987, the property has undergone extensive recent renovations, exceeding $150,000. The description explicitly states 'complete renovation to all rear units' with 'modern appliances' and 'new water heaters.' The provided bathroom image showcases a virtually new, modern design with contemporary fixtures, vanity, and lighting. Other recent updates like fresh exterior paint, new vinyl gates, garage door, revamped drainage, and termite tenting in May 2023 further support a condition of minimal physical depreciation and current quality standards, aligning with an 'excellent' rating for a recently renovated property.
Pros & Cons

Pros

Income-Generating Quadruplex: This four-unit residential income property offers diversified rental income streams, making it an attractive investment opportunity.
Significant Recent Capital Improvements: Over $150,000 has been invested in recent enhancements, including complete renovation of three rear units, new water heaters, modern appliances, fresh exterior paint, and revamped drainage, reducing immediate capital expenditure for a new owner.
High Appreciation Potential: Strategically situated in an area undergoing a $100 Million Dollar waterfront development (West Harbor), the property is poised for significant future appreciation and enhanced local amenities.
Key Maintenance Addressed: Recent termite tenting (May 2023), new vinyl gates, and a new garage door indicate proactive maintenance, offering peace of mind and reducing immediate concerns for pest control and exterior upkeep.
Desirable School Proximity: The property benefits from close proximity to San Pedro Senior High School (0.48 miles) and Leland Street Elementary School (0.10 miles), enhancing its appeal to families with school-aged children.

Cons

Property Age: Built in 1987, the property's core structure is older, which may lead to potential future maintenance needs for systems not explicitly covered by the recent renovations.
Price Reduction History: The listing has undergone multiple price reductions, which could suggest initial overpricing or extended market time, potentially impacting buyer perception.
Partial Renovation Scope Clarity: While the three rear units are described as 'meticulously renovated,' the extent of recent renovations for the front 2-bedroom/1-bathroom house is not explicitly detailed, potentially indicating varying unit quality or requiring further investment.

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