561 W 3rd Street
San Pedro, CA, 90731
$525,000
MLS: SB26142333
Beds
2
Baths
1
Sq Ft
912
Lot
0.11 ac
Year Built
1920
MLS #
SB26142333
Days on Market
14
Listed
Jun 30, 2026
Description
First time on the market! This charming San Pedro home has been lovingly held by the same family and presents a rare opportunity for homeowners, investors, and developers alike. Situated on a huge R-2 zoned lot, this 2-bedroom, 1-bath home offers approximately 912 square feet of living space and endless potential. The home features a functional floor plan awaiting your vision, and a long driveway providing ample off-street parking. The expansive lot creates incredible possibilities for expansion, an ADU, additional units (buyer to verify with the city), or redevelopment opportunities. Whether you're looking to restore and personalize this original home, create additional income potential, or develop the property to maximize its R-2 zoning, the possibilities are truly exciting. Conveniently located near schools, shopping, dining, parks, and the Port of Los Angeles, this is an exceptional opportunity in the heart of San Pedro. Properties with this much potential and first-time-on-the-market history rarely become available. Don't miss your chance to unlock the possibilities at 561 W. 3rd Street.
Location
San Pedro, Los Angeles County, CA 90731
Open on Google Maps ↗Listed by: Jennette Toderick · Century 21 Coastal Properties
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$4,077
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $52,500 · Loan: $472,500
Average 30-yr fixed rate 6.65% as of Aug 20, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,033
- Property tax (1.25%)
- $547
- Homeowners insurance
- $300
- Mortgage insurance
- $197
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 Aug 20, 2026
- 30-year fixed
- 6.65%
- 15-year fixed
- 5.95%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $18,375 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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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.
★#1 Producing Individual Realtor — Antelope Valley
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