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$507,000
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Property 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.
Full Property Details
Full Property Details for 561 W 3rd St
General
- Sold For: $507,000
- Status: Closed
- Type: Single Family
- Source: MRMLS
- MLS ID: SB26142333
- Added to Site: 61 day(s) ago
Interior
- Rooms/Areas: Basement
- Fireplace(s): None
- Appliances: None
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
Location
- County: Los Angeles
- Driving Directions: Grand/3rd St
School Information
- School District: Los Angeles Unified
Community
- Community Features: Curbs, Hiking, Suburban
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Craftsman
- Structure Type: Single Family Residence
- Common Walls: No Common Walls
- Entry Location: Front
- Stories/Levels: One
- Stories Description: One
- Square Feet: 912
- Sq. Ft. Source: Assessor
- Year Built: 1920
- Year Built Source: Assessor
- Property Condition: Repairs (Major), Fixer
Lot Features
- Property View: None
- Lot Size (Acres): 0.1148
- Lot Size Source: Assessor
- Zoning: LAR2
- Lot Description: Front Yard
Financial Considerations
- Price Per Sq. Ft.: $555.92
Disclosures and Reports
- Special Conditions: Trust
Listed by Century 21 Coastal Properties, Jennette Toderick
Sold by Century 21 Coastal Properties, Cecilia Garcia
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Schools
Schools serving 561 W 3rd St
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Cabrillo Avenue Elementary School 732 S. Cabrillo Ave., Los Angeles, CA 90731 | K-5 | 0.4 mi |
Richard Henry Dana Middle School, Los Angeles, CA 1501 S. Cabrillo Ave., Los Angeles, CA 90731 | 7-8 | 0.8 mi |
San Pedro Senior High School 1001 W. 15th St., Los Angeles, CA 90731 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 561 W 3rd St
Date
Details
Price
Change
Source
8/21/2026
Sold
$507,000
-3.43%
MLS
6/30/2026
Listed
$525,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
561 W 3rd Street, San Pedro, CA 90731 (MLS# SB26142333) is a Single Family property that was sold at $507,000 on August 21, 2026. Want to learn more about 561 W 3rd Street? Do you have questions about finding other Single Family real estate for sale in San Pedro? You can browse all San Pedro real estate or contact a Coldwell Banker agent to request more information.

