Sunday, May 21, 2017

Need an ocean view? Consider San Pedro

Image result for San Pedro Los angeles
If you are like me, you probably think the port city of San Pedro is nothing but an industrial port with huge cranes, shipping containers, cruise ship docks and the like.  But no.  The residential neighborhoods are really nice and so is the housing stock.  Best of all, 3 bedroom 1600+ sf homes with ocean views are selling for under $700,000.  That’s not a typo.

I learned about San Pedro when I helped my clients JB and Kristie buy a home there – we closed last week.  The residential neighborhoods grew up in the 1920’s on the hill above the harbor.  Most of the homes were built for port workers.  The port is still quite active and there are lots of attractions around it, including a sailing marina, Ports Of Call (several good restaurants), a huge brewery, and the U.S.S. Indiana.  Ports Of Call is being gentrified to the tune of many millions of dollars – check it out in a year or two.


Back to the housing stock.  Most of the homes seem very well maintained.  The few we saw all had basements, which were still being built in the 1920’s, and had layouts typical of the pre-war time period.  Didn’t see any mid-century homes.  With a couple exceptions, we also didn’t see a lot of mansionization.  The most surprising thing for me was the ocean view at that (relatively) low price.  It took about 25 minutes to get there from downtown L.A. – not a bad commute if you work on the west side of town.  This area is certainly some place to consider for home buyers for the price, the view, and the housing stock.

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