Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
Under ContractSingleFamilyResidence

517 S Grand

San Pedro, CA, 90731

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$500,000

MLS: DW26016016

Beds

2

Baths

1

Sq Ft

1,280

Lot

0.10 ac

Year Built

1921

MLS #

DW26016016

Days on Market

43

Listed

Jan 23, 2026

Description

This 1,280-square-foot home offers a spacious and practical layout in a central San Pedro neighborhood. The floor plan features two well-sized bedrooms and a full bathroom, complemented by a dedicated dining area and a separate laundry room. A standout feature of this property is the versatile bonus room, which provides the flexibility to be used as a home office, a quiet hobby room, or an additional living space to suit your needs. The home is situated in a highly walkable area, placing you within easy reach of local shops, dining, and community services. Inside, you will find functional built-in cabinetry in the dining area and den that offers convenient extra storage. With its generous square footage, location is near the San Pedro waterfront, this home provides a great opportunity for anyone looking for a solid property with plenty of usable space.

Location

San Pedro, Los Angeles County, CA 90731

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Listed by: Sergio Iturrios · RISE Real Estate Group

Payment estimate

$3,773

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $50,000 · Loan: $450,000

%
Principal & Interest
$2,765
Property tax (1.25%)
$521
Homeowners insurance
$300
Mortgage insurance
$188
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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 $17,500 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.

Local Market Stats

See San Pedro, CA 90731 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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