645 W 21st Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$799,000
645 W 21st Street, San Pedro, California 90731
0Bed
0Bath
1,584Sqft
5,000Lot
Year Built
1923
Close
-
List price
$799K
Original List price
$849K
Price/Sqft
$504
HOA
-
Days on market
-
Sold On
-
MLS number
SB25140738
Home ConditionPoor
Features
View-
About this home
We found 3 Cons,6 Pros. Rank: price - $799.0K(14th), sqft - 1584(14th), beds - undefined(50th), baths - undefined(50th).
Nice looking 3 bungalow style units with 3 detached garages. New roof recently installed and Electrical has been upgraded. Each unit has its own service porch with laundry hookups. Below market rents provides for future upside potential. Short distance to Marina and West Harbor waterfront development.
Nearby schools
5/10
Fifteenth Street Elementary School
Public,•K-5•0.5mi
5/10
Leland Street Elementary School
Public,•K-6•0.6mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.9mi
7/10
White Point Elementary School
Public,•K-6•1.2mi
4/10
Seventh Street Elementary School
Public,•K-5•1.5mi
2/10
Barton Hill Elementary School
Public,•K-6•1.5mi
5/10
Bandini Street Elementary School
Public,•K-6•1.6mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•1.8mi
9/10
Park Western Place Elementary School
Public,•K-5•2.1mi
5/10
Crestwood Street Elementary School
Public,•K-6•2.1mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.6mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.7mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•3.6mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•4.5mi
6/10
Harbor City Elementary School
Public,•K-5•4.8mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.4mi
8/10
Miraleste Intermediate School
Public,•6-8•2.7mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.1mi
6/10
Alexander Fleming Middle School
Public,•6-8•4.9mi
4/10
Hudson K-8
Public,•K-8•6.6mi
6/10
San Pedro Senior High School
Public,•9-12•0.6mi
5/10
Phineas Banning Senior High School
Public,•9-12•5.1mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•5.5mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•6.1mi
3/10
Cabrillo High School
Public,•9-12•6.4mi
8/10
Palos Verdes High School
Public,•9-12•8.3mi
Price History
Date
Event
Price
12/16/25
Price Change
$799,000
06/23/25
Listing
$849,000
05/24/96
Sold
$153,000
Condition Rating
Poor
The property was built in 1923, making it over 100 years old. While the listing mentions a new roof and upgraded electrical, these are specific updates and not a comprehensive renovation. The provided images are all exterior, showing an aged but maintained facade with some wear and cracked concrete. Crucially, there are no interior photos, especially of the kitchen and bathrooms. Given the property's age, it is highly probable that these key areas, along with plumbing, flooring, and potentially HVAC systems, are severely outdated and would require substantial repairs and rehabilitation to meet modern standards and comfort levels. The lack of interior updates for such an old property, despite some system upgrades, places it in the 'poor' category, as it likely requires significant investment beyond minor cosmetic changes.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Income-Generating Triplex: The property features three bungalow-style units, providing a clear opportunity for rental income and investment diversification.
Recent Capital Upgrades: A new roof and upgraded electrical system have been recently installed, mitigating immediate major capital expenditures for a new owner.
Significant Rent Upside Potential: Current rents are below market value, offering a strong opportunity for future income growth and increased profitability for an investor.
Proximity to Waterfront Development: Its short distance to the Marina and the developing West Harbor waterfront enhances future property value and tenant desirability.
Tenant-Friendly Amenities: Each unit includes its own service porch with laundry hookups, and the property features three detached garages, adding convenience and appeal for tenants.
Cons
Advanced Property Age: Built in 1923, the property's age may lead to higher long-term maintenance costs or require further system updates beyond the recent upgrades.
Lack of Scenic Views: The property explicitly states 'View: None,' which could be a disadvantage in a coastal area where scenic views are often highly valued.
Immediate Cash Flow Sub-Optimization: While offering future upside, the current below-market rents mean immediate cash flow may not be maximized, requiring active rent adjustments to realize full potential.