1201 W Paseo Del Mar, San Pedro, California 90731, San Pedro, 90731 - 2 bed, 2 bath

1201 W Paseo Del Mar, San Pedro, California 90731 home-pic-0
ACTIVE$1,999,999
1201 W Paseo Del Mar, San Pedro, California 90731
2Beds
2Baths
1,200Sqft
19,418Lot
Year Built
1955
Close
-
List price
$2M
Original List price
$2.5M
Price/Sqft
$1,667
HOA
-
Days on market
-
Sold On
-
MLS number
OC25122634
Home ConditionTear down
Features
Excellent View: Bluff, Catalina, Coastline, Ocean, Water
ViewBluff, Catalina, Coastline, Ocean, Water

About this home

We found 3 Cons,7 Pros. Rank: price - $2.00M(99th), sqft - 1200(35th), beds - 2(34th), baths - 2(50th).

An unmatched value — priced at over $1 million dollars BELOW the next closest comparable oceanfront property in LA, Orange and Ventura Counties. Whether envisioned as a primary residence, an iconic vacation retreat, or a trophy investment, this stands among the most significant coastal opportunities to hit the market in years. A rare opportunity to own a nearly half-acre, spectacular oceanfront property on one of Southern California’s most coveted stretches of coastline. Perched on a dramatic bluff with unobstructed 180° views of the Pacific Ocean, Catalina Island, and beyond, this almost half-acre parcel offers unmatched privacy, panoramic sunsets, and direct access to the vibrant coastal lifestyle of Los Angeles. From sunrise over the Point Fermin Lighthouse to sunsets over Santa Barbara Island, every day delivers a front-row seat to nature’s beauty — dolphins, whales, seabirds, and passing boats are part of the daily view. Set in The Palisades, one of LA’s most treasured yet undervalued coastal neighborhoods, this is truly a once-in-a-lifetime offering. The existing approx. 1,200 sq ft single-story residence is primed for a complete remodel or replacement with a modern architectural masterpiece. Included conceptual plans with photo-matched renderings showcase the property’s incredible potential (plans are preliminary and not approved). The bluff-top portion of the lot offers roughly 9,000 sq ft of usable land, with an additional 10,000+ sq ft cascading down to the ocean. With just a short drive to LAX, the Port of LA and the South Bay, this property combines the serenity of oceanfront living with the convenience of city access. If you see it, you will want it.

Nearby schools

7/10
White Point Elementary School
Public,K-60.3mi
5/10
Leland Street Elementary School
Public,K-60.9mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,K-51.1mi
5/10
Fifteenth Street Elementary School
Public,K-51.7mi
4/10
Seventh Street Elementary School
Public,K-51.8mi
3/10
Cabrillo Avenue Elementary School
Public,K-51.9mi
5/10
Bandini Street Elementary School
Public,K-62.4mi
8/10
Mira Catalina Elementary School
Public,K-52.5mi
2/10
Barton Hill Elementary School
Public,K-62.6mi
5/10
Crestwood Street Elementary School
Public,K-62.6mi
9/10
Park Western Place Elementary School
Public,K-52.8mi
9/10
Taper Avenue Elementary School
Public,K-53.4mi
4/10
Hawaiian Avenue Elementary School
Public,K-54.7mi
6/10
Eshelman Avenue Elementary School
Public,K-55.2mi
6/10
Harbor City Elementary School
Public,K-55.6mi
4/10
Richard Henry Dana Middle School
Public,6-81.4mi
8/10
Miraleste Intermediate School
Public,6-82.9mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,6-83.7mi
6/10
Alexander Fleming Middle School
Public,6-85.6mi
4/10
Hudson K-8
Public,K-87.8mi
6/10
San Pedro Senior High School
Public,9-121.3mi
10/10
Palos Verdes Peninsula High School
Public,9-126.1mi
5/10
Phineas Banning Senior High School
Public,9-126.2mi
5/10
Nathaniel Narbonne Senior High School
Public,9-126.3mi
3/10
Cabrillo High School
Public,9-127.6mi
8/10
Palos Verdes High School
Public,9-128.1mi

Price History

Date
Event
Price
10/07/25
Price Change
$1,999,999
06/06/25
Listing
$2,495,000
10/16/24
Sold
$1,475,000
Condition Rating
Tear down

The property was built in 1955, making it over 50 years old. The listing description explicitly states the existing residence is 'primed for a complete remodel or replacement with a modern architectural masterpiece,' and the property analysis highlights 'Outdated Existing Structure & Condition' requiring 'immediate significant capital expenditure.' There are no interior photos of the current structure, only renderings of a potential future home, reinforcing that the existing building is not considered a selling point and is likely beyond repair or functionally obsolete, with the value residing solely in the land and its redevelopment potential.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19418, living area = 1200.
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Unmatched Oceanfront Location & Panoramic Views: The property boasts a rare, nearly half-acre oceanfront parcel perched on a dramatic bluff, offering unobstructed 180° views of the Pacific Ocean, Catalina Island, and stunning sunsets, providing a truly unique coastal living experience.
Exceptional Value Proposition: Significantly priced at over $1 million below comparable oceanfront properties in LA, Orange, and Ventura Counties, presenting an outstanding investment opportunity.
Expansive & Versatile Lot Size: A substantial nearly half-acre lot, featuring approximately 9,000 sq ft of usable bluff-top land and an additional 10,000+ sq ft cascading to the ocean, offering ample space for a grand estate.
High Development Potential: The existing 1,200 sq ft residence is ideal for a complete remodel or replacement with a modern architectural masterpiece, with conceptual plans provided to showcase its incredible potential.
Trophy Investment & Iconic Retreat Potential: Positioned as a significant coastal opportunity, this property is suitable as a primary residence, an iconic vacation retreat, or a prestigious long-term trophy investment.

Cons

Outdated Existing Structure & Condition: The current 1955-built, 1,200 sq ft residence is small and explicitly requires a 'complete remodel or replacement,' indicating it is not move-in ready and necessitates immediate significant capital expenditure.
Substantial Additional Investment Required: Beyond the purchase price, buyers must anticipate considerable costs for either a full renovation or new construction, which will add significantly to the overall project budget.
Preliminary Nature of Development Plans: The included conceptual plans are 'preliminary and not approved,' meaning the buyer will be responsible for the time, cost, and uncertainty associated with obtaining all necessary permits and approvals for any significant development.

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