2424 S Gaffey
San Pedro, CA, 90731
$699,999
MLS: OC26055155
Beds
2
Baths
2
Sq Ft
1,216
Lot
0.27 ac
Year Built
1975
MLS #
OC26055155
Days on Market
1
Listed
Mar 13, 2026
Description
This newly renovated and professionally furnished condo is being offered with a reliable tenant already in place paying above-market rent, providing immediate income from day one. The unit has been thoughtfully upgraded with modern flooring, contemporary kitchen cabinetry, upgraded countertops, sleek fixtures, and stylish finishes throughout, creating a low-maintenance property that attracts strong tenant demand. Located in a high-demand rental corridor of San Pedro, the property is minutes from the Port of Los Angeles, Cabrillo Beach, Downtown San Pedro’s waterfront redevelopment, dining, shopping, and major freeways—all key drivers of consistent rental demand. This is an ideal opportunity for investors seeking stable cash flow, a turnkey rental property, or a 1031 exchange replacement asset in a coastal market with strong long-term appreciation potential. A rare chance to acquire a renovated, income-producing property with built-in revenue from day one.
Location
San Pedro, Los Angeles County, CA 90731
Open on Google Maps ↗Listed by: Sam Weaver · Fortune Weavers Realty Inc.
Payment estimate
$5,162
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $70,000 · Loan: $629,999
- Principal & Interest
- $3,871
- Property tax (1.25%)
- $729
- 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 $24,500 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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