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Here is your incredible opportunity to live by the ocean in San Pedro! Discover this charming 1-bedroom, 1-bath condominium nestled in one of San Pedro's most desirable oceanfront neighborhoods, Historic Point Fermin! This well-cared-for lower-level end unit offers the convenience of single-level living, so there are no stairs to climb! This property includes a private balcony with a relaxing peek-a-boo ocean view! 2424 S Gaffey is perfect for first-time buyers, a young couple, an older couple looking to downsize, or just a couple of best friends that are looking to stop paying rent and start building equity with an affordable coastal lifestyle. Located within a quiet and intimate 18-unit community, right around the corner from Point Fermin Park, the historic Point Fermin Lighthouse, Cabrillo Beach, Angel's Gate Park, and the world-famous Korean Friendship Bell. Spend your evenings enjoying spectacular Pacific Ocean sunsets, and scenic bluff-top walking paths, and easy access to neighboring South Bay beach communities. Whether you're looking for a primary residence, vacation home, or investment opportunity, this ocean-close condo offers incredible value in one of Southern California's fastest-growing coastal markets.
Listing agent: Jonathan Tomashefsky DRE #02072470 jon@kaleorealestate.com, Listing office: KALEO REAL ESTATE COMPANY
MLS data updated 10/16/2026, 11:21:00 PM PT
Source: CRMLS, MLS #: CV26167165
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Nov 17, 2025
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$460,000Original asking price · Nov 17, 2025ZIP 90731 · Nov 2025
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.