San Pedro Homes under $2 million

San Pedro Homes under $2 million

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Newest San Pedro Homes under $2 million

398 W 11th Street, San Pedro
$425,000
2 Beds ⋅ 1 Baths ⋅ SB26190511 MLS
Bring your vision and imagination to this charming 2-bedroom, 1-bathroom fixer-upper, ideally situated on a desirable corner lot in the heart of San Pedro. Built in 1922, this property offers character, history, and an exciting opportunity to restore and personalize a home in one of the South Bay's most evolving waterfront communities. The property features a functional 2-bedroom, 1-bath layout, along with a detached storage building offering two additional rooms, providing flexibility for storage, workshop space, office use, or other potential uses—buyer to verify permitted uses. A major bonus is the secured on-site parking for two cars, a valuable feature in San Pedro. The corner-lot location adds to the property's appeal and offers an excellent opportunity for someone looking to create a home, investment property, or personal project. Prime location near the new West Harbor development and San Pedro's revitalized LA Waterfront, with continued investment and improvements transforming the surrounding area. With Los Angeles preparing to host the 2028 Olympic and Paralympic Games, this is an exciting time to be part of San Pedro's ongoing transformation and waterfront renaissance. Whether you're an investor, contractor, or buyer looking for a project with potential, this property offers a unique opportunity to own a piece of historic San Pedro just in time for the momentum leading into 2028. Property is being offered in fixer-upper condition and sold as-is. Buyer to conduct their own inspections and independently verify all property details, square footage, permits, zoning, and permitted uses.

398 W 11th Street, San Pedro

Listing courtesy of Listing Agent: Kristine Lusic (lusic5@sbcglobal.net) from Listing Office: Keller Williams Realty.

765 W 26th Street Unit 308, San Pedro
$599,000
2 Beds ⋅ 2 Baths ⋅ SB26208295 MLS
TOP floor two bed, two bath condo with unobstructed views of San Pedro to the waterfront and Ports of Los Angeles and Long Beach! An unexpected move is your opportunity! Enter to a bright, inviting and open floor plan encompassing the living, dining and kitchen plus deck - what could be better? The kitchen has quartz countertops, custom cabinetry with pull-outs to maximize storage, top-of-the-line Frigidaire Gallery stainless steel appliances and tile flooring. So much counterspace, there's room for a coffee bar and the air fryer! The primary suite is spacious, with south facing windows for morning natural light and a private ensuite bathroom with remodeled shower and modern fixtures. The second bedroom is also spacious, with large closet. Convenient in-unit washer and dryer closet with storage above, make laundry a snap. Engineered flooring throughout. Updated double pane windows and sliding glass door to deck. HOA includes Pool, Spa, Rec Room, Gym , Secured Entrance and elevator. Gated, subterranean parking garage, this unit comes with two side by side parking spots plus a storage cabinet. This is what you've been patiently waiting for - don't wait! Located in the sought after Palisades area of San Pedro, you’ll enjoy cool ocean breezes and effortless access to local favorites including Cabrillo Beach and Marina, Point Fermin Park, Angels Gate Park/Korean Friendship Bell, the downtown arts district, and the highly anticipated West Harbor waterfront development.

765 W 26th Street Unit 308, San Pedro

Listing courtesy of Listing Agent: Michelle Zabukovec (michelle.zabukovec@redfin.com) from Listing Office: Redfin Corporation.

526 W 40th, San Pedro
$1,899,000
SB26211391 MLS
POINT FERMIN 3-UNIT RESIDENTIAL INCOME PROPERTY | $10,000/MONTH POTENTIAL Rare opportunity to own a fully permitted three-unit residential income property in desirable Point Fermin, San Pedro, just blocks from the Pacific. This coastal compound offers strong income potential, flexible living arrangements, abundant parking, and an upgraded primary residence on a private 6,101-square-foot lot. Projected gross rental income is $120,000 annually, offering an opportunity for investors, owner-users, multigenerational buyers, or anyone seeking to offset housing costs with rental income. The primary residence is a beautifully appointed Swiss Craftsman with an open floor plan, rich maple hardwood floors, an elegant living room with a gas fireplace, a formal dining area, and a chef's kitchen with custom soft-close cabinetry, quartz countertops, a bespoke island, and stainless-steel appliances. The spacious great room opens through a charming Dutch door to the private backyard. The luxurious primary suite features a private balcony, fireplace, oversized custom walk-in closet, and a spa-inspired bathroom with a clawfoot tub, walk-in shower, and chandelier. A dedicated laundry room with a washbasin adds convenience. The detached two-story structure provides two additional permitted residential units. The approximately 500-square-foot upper studio has a full bath and is currently rented for $1,850/month. The lower unit offers additional permitted living space for rental income or personal use. The configuration provides multiple revenue streams and flexibility to occupy one unit while renting the others, lease all three, or accommodate extended and multigenerational living. Buyer to independently verify rents, expenses, permits, square footage, and income projections. Parking includes a detached two-car garage, deep driveway, alley access, and additional space suitable for a boat or RV—a significant advantage in coastal San Pedro. The private backyard features mature landscaping, lush ivy-covered walls, built-in seating, and a gas BBQ. Located near Cabrillo Beach, Point Fermin Park, the Korean Friendship Bell, coastal trails, restaurants, shopping, and the Pacific, this is an uncommon opportunity to acquire a permitted three-unit residential income property in a coveted coastal neighborhood.

526 W 40th, San Pedro

Listing courtesy of Listing Agent: Keely McKeighan (Keely_Mckeighan@yahoo.com) from Listing Office: Thompson Team Real Estate, Inc..

1316 S Grand, San Pedro
$899,900
DW26210199 MLS
Welcome to 1316 S Grand Avenue, a beautifully updated duplex in the heart of San Pedro. Delivered completely vacant at close of escrow, this property is the perfect opportunity for both investors and owner-occupants seeking immediate potential. Each unit features 2 bedrooms and 1 bathroom, with its own garage, and the property has undergone several recent upgrades including fresh interior and exterior paint, new flooring, updated kitchens and baths, modern fixtures, a redone outdoor patio, and a newly covered stair railing that enhances both safety and curb appeal. With a gross annual rent potential of $63,600, the property offers a strong pro forma return, boasting a GRM of 14.54 and an approximate CAP Rate of 5.8% at the 899,900 asking price. The vacancy allows investors to set market rents immediately, while owner-occupants can take advantage of the opportunity to live in one unit while renting out the other for strong supplemental income. Located in Central San Pedro, this duplex offers convenient access to the LA Waterfront, freeways, schools, dining, and shopping. With its turnkey condition, income-producing potential, and prime location, 1316 S Grand Avenue is a rare opportunity in one of Southern California’s most exciting coastal markets. Schedule your private tour today and see all that this San Pedro property has to offer.

1316 S Grand, San Pedro

Listing courtesy of Listing Agent: Herbert Diaz (herb@PLFrealestatesolutions.com) from Listing Office: PLF Real Estate Solutions.

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Information Deemed Reliable But Not Guaranteed. © 2026 CARETS ®

Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.