2424 S Gaffey Street 101, San Pedro, California 90731, San Pedro, 90731 - 3 bed, 2 bath
ACTIVE$699,990
2424 S Gaffey Street 101, San Pedro, California 90731
3Beds
2Baths
1,382Sqft
11,669Lot
Year Built
1973
Close
-
List price
$700K
Original List price
$730K
Price/Sqft
$507
HOA
$539.18
Days on market
-
Sold On
-
MLS number
DW25155708
Home ConditionGood
Features
Good View: Bay, City Lights, Harbor, Mountain(s), Neighborhood, Peek-A-Boo, Water
Patio
ViewBay,City Lights,Harbor,Mountain(s),Neighborhood,Peek-A-Boo,Water
About this home
We found 3 Cons,5 Pros. Rank: price - $700.0K(71th), sqft - 1382(71th), beds - 3(71th), baths - 2(50th).
Price History
Date
Event
Price
09/20/25
Price Change
$699,990-2.1%
09/16/25
Price Change
$715,000-0.7%
08/27/25
Price Change
$720,000-0.8%
08/13/25
Price Change
$725,900
07/11/25
Listing
$730,000
Condition Rating
Good
Built in 1973, this condominium has undergone significant renovations, making it move-in ready with no immediate renovation required. The kitchen features clean, functional light wood cabinets and granite countertops, which, while well-maintained, reflect a style from approximately 10-15 years ago. The refrigerator appears to be a more modern update. Bathrooms are also clean and functional with updated vanities and tiling, though not ultra-modern. Flooring is a mix of well-maintained laminate, tile, and carpet. While not a full recent renovation, the property's systems and finishes are in good condition, aligning with the 'Good' criteria for properties extensively renovated within 5 to 15 years or well-maintained with minimal wear and tear.
Pros & Cons
Pros
Panoramic Views: The property offers exceptional views including the Bay, City Lights, Harbor, Mountains, and Water, significantly enhancing its appeal and potential value.
Desirable Coastal Location: Situated in San Pedro's Point Fermin area (MLS Area 181), known for its scenic beauty and coastal lifestyle, offering a sought-after living environment.
Generous Living Space: With 1382 square feet, this 3-bedroom, 2-bathroom condominium provides ample living space, suitable for various household needs.
Recent Price Adjustment: Multiple price reductions from the original list price of $730,000 to $699,990 indicate a motivated seller and potentially a more competitive offering for buyers.
Condominium Lifestyle: As a condominium, it typically offers shared amenities and reduced exterior maintenance responsibilities, appealing to those seeking a low-maintenance lifestyle.
Cons
Significant Monthly HOA Dues: The association fee of $539.18 per month is a substantial recurring cost that buyers must factor into their budget.
Building Age: Constructed in 1973, the building is over 50 years old, which may suggest the need for potential updates to common areas or unit interiors, and could lead to future special assessments.
Market Perception from Price History: While offering a better deal, the series of price reductions might suggest the property has been on the market for an extended period or was initially overpriced, potentially raising buyer concerns about market value or underlying issues.