581 W 16th Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$999,000
581 W 16th Street, San Pedro, California 90731
0Bed
0Bath
2,450Sqft
4,729Lot
Year Built
1916
Close
-
List price
$999K
Original List price
$1.09M
Price/Sqft
$408
HOA
-
Days on market
-
Sold On
-
MLS number
SR25176140
Home ConditionPoor
Features
Good View:
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About this home
We found 3 Cons,5 Pros. Rank: price - $999.0K(48th), sqft - 2450(57th), beds - undefined(50th), baths - undefined(50th).
QUADRUPLEX just minutes from Cabrillo Beach, offering a fantastic investment opportunity in the vibrant heart of San Pedro. Ideally located near shops, restaurants, schools, and the highly anticipated San Pedro West Harbor waterfront development, this property blends convenience with excellent long term potential. The front building features two well maintained units, each with 2 bedrooms and 1 bathroom. The rear building offers a 2 bedroom 1 bathroom unit and a 1 bedroom 1 bathroom unit, providing a flexible mix of rental options. Residents enjoy off street parking, alley access, and a fully gated and fenced lot for added privacy and security. With its prime location, versatile layout, and strong rental potential, this QUADRUPLEX is a standout opportunity for investors looking to secure income producing property in one of San Pedros most promising neighborhoods.
Nearby schools
5/10
Fifteenth Street Elementary School
Public,•K-5•0.2mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.6mi
5/10
Leland Street Elementary School
Public,•K-6•0.7mi
2/10
Barton Hill Elementary School
Public,•K-6•1.2mi
5/10
Bandini Street Elementary School
Public,•K-6•1.3mi
4/10
Seventh Street Elementary School
Public,•K-5•1.4mi
7/10
White Point Elementary School
Public,•K-6•1.4mi
9/10
Park Western Place Elementary School
Public,•K-5•1.8mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.9mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•1.9mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.3mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.7mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•3.3mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•4.3mi
6/10
Harbor City Elementary School
Public,•K-5•4.5mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.3mi
8/10
Miraleste Intermediate School
Public,•6-8•2.6mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.9mi
6/10
Alexander Fleming Middle School
Public,•6-8•4.6mi
4/10
Hudson K-8
Public,•K-8•6.3mi
6/10
San Pedro Senior High School
Public,•9-12•0.5mi
5/10
Phineas Banning Senior High School
Public,•9-12•4.8mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•5.3mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•6.0mi
3/10
Cabrillo High School
Public,•9-12•6.1mi
8/10
Palos Verdes High School
Public,•9-12•8.3mi
Price History
Date
Event
Price
08/12/25
Price Change
$999,000-8.8%
08/05/25
$1,095,000
03/10/23
Sold
$855,000
Condition Rating
Poor
The property was built in 1916, making it over 100 years old. While the description states 'well maintained units' and it is income-producing, the complete absence of interior photos, especially of kitchens and bathrooms, strongly suggests these areas are significantly outdated and would require substantial renovation. The exterior images show an older structure with basic finishes and some deferred maintenance (e.g., cracked asphalt). To bring the units up to modern standards for appliances, fixtures, flooring, and overall style would necessitate significant repairs and rehabilitation, aligning with the 'Poor' condition criteria, even if the property is currently livable.
Pros & Cons
Pros
Income-Generating Quadruplex: This property is a quadruplex, offering four distinct rental units (two 2B/1B, one 2B/1B, one 1B/1B), providing diversified income streams and strong investment potential for an owner.
Exceptional Location: Strategically located in the 'vibrant heart of San Pedro,' minutes from Cabrillo Beach, and close to shops, restaurants, and schools, enhancing tenant desirability and long-term property value.
Proximity to Major Development: Its location near the 'highly anticipated San Pedro West Harbor waterfront development' positions it for significant future appreciation and benefits from area revitalization.
Tenant-Friendly Amenities: The property offers valuable amenities such as off-street parking, alley access, and a fully gated and fenced lot, which are highly attractive to renters and contribute to security.
Recent Price Reduction: A notable price drop from $1,095,000 to $999,000 presents a more competitive entry point for investors and indicates potential for a favorable acquisition.
Cons
Historic Property Age: Built in 1916, the property's age suggests potential for significant deferred maintenance, outdated infrastructure (e.g., plumbing, electrical), and higher capital expenditure for necessary upgrades or modernization.
Unspecified Unit Condition/Upgrades: While described as 'well maintained,' the lack of specific details regarding recent interior renovations or system updates in the units could imply dated finishes or components, potentially requiring immediate investment to maximize rental income.
Ongoing Maintenance Demands: As an older, multi-unit property, it will likely incur higher ongoing maintenance and repair costs compared to newer constructions, which could impact an investor's net operating income and cash flow.