460 W 8th Street, San Pedro, California 90731, San Pedro, 90731 - 4 bed, 2 bath
ACTIVE$1,100,000
460 W 8th Street, San Pedro, California 90731
4Beds
2Baths
1,751Sqft
5,001Lot
Price Vs. Estimate
The estimated value ($847,533.445) is $252,466.555 (22%) lower than the list price ($1,100,000). This property may be overpriced.
Key pros and cons
Top Pros:
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Top Cons:
Significant Overpricing: The current list price of $1,100,000 is considerably higher than the estimated market value of $847,533, making it uncompetitive and likely contributing to its extended market time, especially when compared to recently sold properties with more features.
Compared to the nearby listings
Price:$1.10M vs avg $862.5K (+$237,550)77%
Size:1,751 sqft vs avg 1,421 sqft70%
Price/sqft:$628 vs avg $65244%
More Insights
Built in 1999 (26 years old).
Condition: The property was built in 1999, making it 25 years old. The images reveal a kitchen with original-style oak cabinets, laminate countertops, and white appliances, consistent with its build era. Bathrooms feature basic vanities and older fixtures. While appearing well-maintained and functional, the home lacks significant modern updates, aligning with the 'Fair' criteria for properties built over 20 years ago with no major renovations since construction, where major components are functional but show signs of being outdated.
Year Built
1999
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$628
HOA
-
Days on market
-
Sold On
-
MLS number
SB23132659
Home ConditionFair
Features
Patio
View-
About this home
Nearby schools
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.4mi
5/10
Fifteenth Street Elementary School
Public,•K-5•0.5mi
2/10
Barton Hill Elementary School
Public,•K-6•0.6mi
5/10
Bandini Street Elementary School
Public,•K-6•0.9mi
5/10
Leland Street Elementary School
Public,•K-6•1.2mi
4/10
Seventh Street Elementary School
Public,•K-5•1.4mi
9/10
Park Western Place Elementary School
Public,•K-5•1.5mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.7mi
9/10
Taper Avenue Elementary School
Public,•K-5•1.8mi
7/10
White Point Elementary School
Public,•K-6•1.9mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•2.3mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•2.7mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.7mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.8mi
6/10
Harbor City Elementary School
Public,•K-5•4.0mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.6mi
8/10
Miraleste Intermediate School
Public,•6-8•2.5mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.6mi
6/10
Alexander Fleming Middle School
Public,•6-8•4.1mi
4/10
Hudson K-8
Public,•K-8•5.8mi
6/10
San Pedro Senior High School
Public,•9-12•0.8mi
5/10
Phineas Banning Senior High School
Public,•9-12•4.2mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•4.8mi
3/10
Cabrillo High School
Public,•9-12•5.7mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•5.8mi
8/10
Palos Verdes High School
Public,•9-12•8.2mi
Price History
Date
Event
Price
09/21/00
Sold
$190,000
Condition Rating
Fair
The property was built in 1999, making it 25 years old. The images reveal a kitchen with original-style oak cabinets, laminate countertops, and white appliances, consistent with its build era. Bathrooms feature basic vanities and older fixtures. While appearing well-maintained and functional, the home lacks significant modern updates, aligning with the 'Fair' criteria for properties built over 20 years ago with no major renovations since construction, where major components are functional but show signs of being outdated.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Newer Construction: Built in 1999, this property is significantly newer than many homes in the San Pedro market, suggesting more modern building codes and potentially lower immediate maintenance needs compared to older, historic properties.
Spacious Layout: Offering 4 bedrooms and 2 bathrooms within 1751 sqft, it provides a comfortable and functional living space suitable for various family sizes.
Adequate Lot Size: The 5001 sqft lot provides sufficient outdoor space for potential landscaping, recreation, or future expansion, which is a desirable feature for single-family residences.
Strategic Location in Developing Area: Situated in San Pedro, an area experiencing ongoing waterfront revitalization and community enhancements, indicating potential for long-term value growth and improved local amenities.
Customization Potential: The property's current state, without recent major upgrades highlighted, offers a new owner the opportunity to personalize and renovate according to their specific preferences and budget, adding their own value.
Cons
Significant Overpricing: The current list price of $1,100,000 is considerably higher than the estimated market value of $847,533, making it uncompetitive and likely contributing to its extended market time, especially when compared to recently sold properties with more features.
Lack of Desirable Views: The property explicitly states 'view:None,' which is a notable disadvantage in a coastal community like San Pedro where ocean, harbor, or city light views are highly sought after and typically command a premium.
Extended Days on Market: Being listed since July 2023 (over a year) suggests that the property has struggled to attract an offer, likely due to its pricing relative to its features and condition, potentially signaling a stale listing to prospective buyers.