1338 W 27th Street
San Pedro, CA, 90731
$699,000
MLS: SB26079347
Beds
3
Baths
1
Sq Ft
965
Lot
0.13 ac
Year Built
1945
MLS #
SB26079347
Days on Market
1
Listed
Apr 21, 2026
Description
Located in the highly sought-after Catalina View Tract within the San Pedro Palisades area, this property offers an exceptional opportunity to invest in one of the South Bay’s most established and desirable coastal neighborhoods. Known for its elevated setting, ocean breezes, and strong long-term demand, the surrounding community continues to attract buyers seeking both lifestyle and upside potential. This is a substantial fixer—a true blank canvas ready for a complete re-imagination. Ideal for investors, builders, or savvy owner-users, the home presents the chance to design and upgrade to your exact vision while adding significant value in a high-demand location. With the right improvements, the upside here is undeniable. The location is a standout, just moments from coastal attractions including Point Fermin Lighthouse, Korean Bell of Friendship, and the scenic bluffs along Paseo del Mar. Enjoy close proximity to parks, nature preserves, local dining favorites, and the ongoing revitalization of the waterfront, including the highly anticipated West Harbor project. Opportunities like this—combining location, potential, and value-add upside—are increasingly rare in this coveted coastal enclave.
Location
San Pedro, Los Angeles County, CA 90731
Open on Google Maps ↗Listed by: Christina Blue · Real Broker
Payment estimate
$5,156
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $69,900 · Loan: $629,100
- Principal & Interest
- $3,865
- Property tax (1.25%)
- $728
- 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 $24,465 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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