1457 W 1st, San Pedro, California 90732, San Pedro, 90732 - 3 bed, 2 bath

1457 W 1st, San Pedro, California 90732 home-pic-0
ACTIVE$1,200,000
1457 W 1st, San Pedro, California 90732
3Beds
2Baths
1,547Sqft
9,525Lot
Year Built
1949
Close
-
List price
$1.2M
Original List price
$1.2M
Price/Sqft
$776
HOA
-
Days on market
-
Sold On
-
MLS number
SB25273038
Home ConditionTear down
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 33% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.20M(56th), sqft - 1547(35th), beds - 3(50th), baths - 2(50th).

EXCEPTIONAL BUILDER/INVESTOR OPPORTUNITY in SAN PEDRO! Large LAR1-zoned, 3-bedroom, 2 bath, 1,547 square foot home sitting on 3 lots (lots 9, 10, and 11) totaling 9,525 square feet. This property is ripe for building 3 single family homes or multifamily income units, and/or ADUs. LA City Planning office states that 3 addresses have already been assigned to the lot, including 1457. Buyer to verify potential building and subdividing possibilities with LA City Planning Office. As a reference, potential builder/investors should look at the property next door (aerial picture included in MLS pictures) whereby the builder erected 3 single family homes on the same size property comprising lots 12, 13, and 14. Addresses are 1445, 1449, and 1453. Alley provides detached garage opportunities. Excellent build opportunity in close proximity to Peck Park, Cabrillo Beach, local dining, 110 Freeway, Vincent Thomas bridge, and the upcoming West Harbor Development, which will span approximately 42 acres and comprise roughly 300,000 square feet of retail, dining, and entertainment space, including a proposed open-air 6,200 seat amphitheater and 1-mile long promenade. Now would be a great time to build prior to the completion of West Harbor which will be bringing new jobs and increased demand for housing.

Price History

Date
Event
Price
12/08/25
Listing
$1,200,000
Condition Rating
Tear down

Built in 1949, the property exhibits extremely dated features throughout. The kitchen has honey oak cabinets, older granite countertops, basic appliances, and an outdated fluorescent light. Bathrooms feature gold-framed shower doors and older vanities. Worn carpets, popcorn ceilings, and very old light fixtures are prevalent. The listing explicitly markets this as a 'builder/investor opportunity' on a large, subdividable lot, stating the existing home 'may require substantial renovation or demolition,' indicating its value is primarily in the land for redevelopment rather than the existing structure.
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 = 9525, living area = 1547.
Significant Development Potential: The property is zoned LAR1 across three lots totaling 9,525 sqft, offering exceptional potential for building multiple single-family homes, multifamily units, and/or ADUs, with three addresses already assigned by LA City Planning.
Prime Location with Future Growth: Strategically located near Peck Park, Cabrillo Beach, major freeways, and the upcoming West Harbor Development, which is projected to bring substantial economic growth, jobs, and increased housing demand to the area.
Large, Subdividable Lot: The substantial 9,525 square foot lot, comprised of three distinct parcels, provides ample space and flexibility for subdivision and multiple construction projects, maximizing investment returns.
Alley Access: The presence of an alley provides convenient access, which is ideal for potential detached garages or ADUs, enhancing design flexibility and increasing potential rental income or property value.
Proven Development Model Nearby: The successful development of three single-family homes on a similarly sized adjacent property (lots 12, 13, and 14) provides a clear and encouraging precedent for potential investors.

Cons

Extensive Buyer Due Diligence Required: The listing explicitly states that the buyer must verify all building and subdividing possibilities with LA City Planning, indicating a need for significant time, effort, and potential costs to confirm development feasibility.
Age and Condition of Existing Home: Built in 1949, the current 1,547 sqft home is likely dated and may require substantial renovation or demolition, adding to the initial project costs for a developer.
Lack of Views: The property does not offer any notable views, which can be a significant value-add in coastal areas like San Pedro and could limit its appeal to certain buyers.

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