1042 W 15th
San Pedro, CA, 90731
$698,000
MLS: SR26061083
Beds
2
Baths
1
Sq Ft
890
Lot
0.14 ac
Year Built
1922
MLS #
SR26061083
Days on Market
16
Listed
Apr 3, 2026
Description
Calling all investors, developers, and visionaries! Exceptional opportunity in the heart of San Pedro with endless potential on a spacious 6,076 sq ft lot. This 2-bedroom, 1-bath home offers 890 sq ft of living space and is primed for your next project. Unlock the possibilities with multiple value-add opportunities: a detached bonus structure ideal for a home office, studio, or future ADU, plus an oversized rear garage with strong conversion potential. The generous lot size opens the door for expansion or multi-unit development (buyer to verify), making this a standout opportunity for those looking to maximize returns. The property is fully gated in the front, offering privacy and security, with a long driveway that accommodates multiple vehicles—perfect for future tenants or multi-unit use. The outdoor space is a hidden gem, featuring a large, fruit-producing avocado tree and additional mature landscaping that creates a peaceful, private sanctuary feel. Ideally located just approximately 2 miles (about a 5-minute drive) from Cabrillo Beach, enjoy easy access to coastal living, ocean breezes, and all that the San Pedro waterfront has to offer. Whether you're looking to renovate, expand, or develop, this property delivers the space, layout, and location to bring your vision to life.
Location
San Pedro, Los Angeles County, CA 90731
Open on Google Maps ↗Listed by: Billy Wynn · RE/MAX One
Payment estimate
$5,149
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $69,800 · Loan: $628,200
- Principal & Interest
- $3,860
- Property tax (1.25%)
- $727
- Homeowners insurance
- $300
- Mortgage insurance
- $262
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this San Pedro home with as little as 3.5% down using an FHA loan — roughly $24,430 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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