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1285 W 23rd Street, San Pedro, California 90731, San Pedro, 90731 - 4 bed, 3 bath

1285 W 23rd Street, San Pedro, California 90731 home-pic-0
ACTIVE$1,298,000
1285 W 23rd Street, San Pedro, California 90731
4Beds
3Baths
2,100Sqft
5,403Lot

Price Vs. Estimate

The estimated value ($1,298,000) is $0 (0%) lower than the list price ($1,298,000). This property may be overpriced.

Key pros and cons

Top Pros:
Rental Income Potential: The property includes an 800-square-foot loft studio above the 3-car garage, currently rented for $1,825 per month with potential to earn up to $2,500, offering a significant income stream.
Top Cons:
Price Reduction: The property has experienced a recent price reduction, which may indicate challenges in attracting buyers at the original price point.

Compared to the nearby listings

Price:$1.30M vs avg $862.5K (+$435,550)90%
Size:2,100 sqft vs avg 1,421 sqft85%
Price/sqft:$618 vs avg $65243%

More Insights

Built in 1938 (87 years old).
Condition: The property, built in 1938, has been fully renovated. The kitchen features updated appliances and cabinetry, while the bathrooms appear modern with updated fixtures and tiling. The hardwood flooring throughout the house is in good condition. While the renovation is not brand new, it appears to be of high quality and well-maintained, justifying a 'good' condition score.
Year Built
1938
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$618
HOA
-
Days on market
-
Sold On
-
MLS number
PW25050021
Home ConditionGood
Features
Good View: Neighborhood
Patio
ViewNeighborhood

About this home

Fully Renovated Home with Rental Income & R2 Zoning! Step inside to find warm and inviting living spaces, including a cozy living room perfect for relaxation and a well-appointed dining area. The updated kitchen is a chef's dream, featuring ample cabinet and counter space for all your cooking needs. This beautifully renovated home seamlessly blends timeless charm with modern upgrades, offering both comfort and functionality. Located less than 1/2 of a mile from the water, it provides an incredible opportunity to enjoy coastal living near the Pacific Ocean with refreshing ocean breezes. The property offers two bathrooms and 1,518 square feet of finished living space on a spacious 5,403-square-foot lot, zoned R2, presenting potential for future expansion. Additionally, an 800-square-foot, 3-car garage features a second-story loft studio, currently rented for $1,825 per month with the potential to earn up to $2500 per month, providing a fantastic income opportunity. Every detail of this home has been meticulously restored with high-quality materials, ensuring both beauty and durability. Best of all, it comes with a one-year full warranty and is truly move-in ready! Don't miss out on this incredible opportunity—priced to sell!

Nearby schools

5/10
Leland Street Elementary School
Public,•K-6•0.3mi
7/10
White Point Elementary School
Public,•K-6•0.5mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•1.0mi
4/10
Seventh Street Elementary School
Public,•K-5•1.1mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•1.2mi
5/10
Fifteenth Street Elementary School
Public,•K-5•1.2mi
5/10
Bandini Street Elementary School
Public,•K-6•1.7mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.9mi
2/10
Barton Hill Elementary School
Public,•K-6•1.9mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.1mi
9/10
Park Western Place Elementary School
Public,•K-5•2.1mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.7mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•4.0mi
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•0.8mi
8/10
Miraleste Intermediate School
Public,•6-8•2.3mi
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•7.2mi
6/10
San Pedro Senior High School
Public,•9-12•0.6mi
5/10
Phineas Banning Senior High School
Public,•9-12•5.5mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•5.6mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•5.6mi
3/10
Cabrillo High School
Public,•9-12•7.1mi
8/10
Palos Verdes High School
Public,•9-12•7.7mi
Condition Rating
Good
The property, built in 1938, has been fully renovated. The kitchen features updated appliances and cabinetry, while the bathrooms appear modern with updated fixtures and tiling. The hardwood flooring throughout the house is in good condition. While the renovation is not brand new, it appears to be of high quality and well-maintained, justifying a 'good' condition score.
Pros & Cons

Pros

Rental Income Potential: The property includes an 800-square-foot loft studio above the 3-car garage, currently rented for $1,825 per month with potential to earn up to $2,500, offering a significant income stream.
R2 Zoning: The R2 zoning of the 5,403-square-foot lot provides opportunities for future expansion or development, increasing the property's long-term value.
Fully Renovated: The home has been meticulously renovated with high-quality materials, ensuring both beauty and durability, and is move-in ready.
Coastal Proximity: Located less than 1/2 mile from the water, the property offers the benefits of coastal living with refreshing ocean breezes.
Warranty Included: The property comes with a one-year full warranty, providing peace of mind to the buyer regarding potential repairs or issues.

Cons

Price Reduction: The property has experienced a recent price reduction, which may indicate challenges in attracting buyers at the original price point.
Year Built: Built in 1938, the property may have older infrastructure or require updates to meet modern standards, despite renovations.
Lot Size: While the lot allows for expansion, 5,403 sqft might be considered small by some buyers, limiting the scope of potential additions.

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