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

1054 W 23rd Street, San Pedro, California 90731 home-pic-0
ACTIVE$1,499,000
1054 W 23rd Street, San Pedro, California 90731
0Bed
0Bath
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
SB25218270
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(88th), sqft - 2797(62th), beds - undefined(50th), baths - undefined(50th).

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%
09/16/25
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
Despite being built in 1987, the property has undergone extensive recent renovations, with over $150,000 invested in enhancements. The description explicitly states 'complete renovation to all rear units,' which is strongly supported by the images. The kitchens feature modern white shaker cabinets, light countertops, subway tile backsplashes, and new stainless steel appliances. Bathrooms boast modern dark blue vanities, white countertops, matte black fixtures, and contemporary lighting. All renovated units showcase new LVP flooring and fresh paint, indicating a virtually new interior condition meeting current quality standards. The exterior also received updates including fresh paint, new gates, and a garage door, along with new water heaters and termite tenting in 2023. This comprehensive renovation places the property's condition in the excellent category.
Pros & Cons

Pros

Strong Investment Opportunity: This four-unit property (quadruplex) offers immediate income generation and is explicitly marketed as an 'exceptional investment opportunity' in a dynamic community.
Extensive Recent Renovations: Over $150,000 has been invested in recent enhancements, including complete renovation of all rear units, new water heaters, modern appliances, fresh exterior paint, new vinyl gates, garage door, and a revamped drainage system, minimizing immediate capital expenditures for a new owner.
Strategic Location & Future Appreciation: Positioned in an area undergoing a $100 Million Dollar waterfront development (West Harbor), promising enhanced amenities, entertainment, dining, and significant long-term property value appreciation.
Proactive Maintenance & Pest Control: Recent termite tenting (May 2023) and a revamped property drainage system demonstrate proactive maintenance, reducing immediate concerns for pest infestations and water-related issues.
Diverse Unit Mix: The property features a 2-bedroom/1-bathroom front house and three 1-bedroom/1-bathroom units, appealing to a broader range of potential tenants and offering diversified rental income streams.

Cons

Unspecified Front House Renovation Level: While the rear units are 'meticulously renovated,' the description only states the front house is 'charming,' implying it may not have received the same level of recent updates and could require future investment.
Potential for Construction Disruption: Proximity to the ongoing $100 Million Dollar West Harbor development, while a long-term benefit, may lead to short-term noise, traffic, and construction-related inconveniences for tenants.
Recent Price Reductions: The property has undergone two price reductions since its original listing ($1.549M to $1.499M), which could indicate initial overpricing or market resistance, potentially affecting perceived value or negotiation leverage.

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