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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.
Listing agent: Jennette Toderick DRE #01328809 c21union@gmail.com, Listing office: Century 21 Coastal Properties
MLS data updated 11/1/2026, 5:24:26 AM PT
Source: CRMLS, MLS #: SB26142333
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Aug 21, 2026
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
$507,000Closed sale · Aug 21, 2026ZIP 90731 · Aug 2026
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.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.