This is the best oceanfront home deal in the entire Orange and LA County market — priced nearly $750,000 below the next closest comparable property available. Discover this exceptional nearly half-acre oceanfront property, offering unrivaled views of Catalina Island from the closest point to Catalina on the Southern California coast. Wake up to stunning sunrises over the Point Fermin Lighthouse and unwind with breathtaking sunsets over Santa Barbara Island. The soothing sounds of crashing waves and coastal birds create a peaceful, tranquil ambiance. Watch boats, dolphins, whales, and seals right from your property — an experience that photos can’t fully capture, you truly need to see it in person! This property features an approximately 1,200 sqft existing home in need of a complete renovation, presenting incredible potential far beyond its current state. Build new or remodel the existing home into your dream oceanfront residence in one of Southern California’s most treasured and undervalued coastal neighborhoods, The Palisades. The land includes approximately 9,000 sqft of usable space atop the bluff, along with an additional 10,000+ sqft descending to the ocean, offering endless possibilities for customization and enjoyment. To help you visualize how this could look, we included conceptual plans and photo-matched renderings — please note these are preliminary concepts and have not gone through any approval process. Selling price does not include a new house as well. No For Sale sign is on the property.
Sold for $1,475,000 on 10/16/24
Listing Provided by:
$1,475,000
1201 W Paseo Del Mar, San Pedro, CA 90731
2beds
1,200sqft
Single Family Residence
Built in 1955
0.45 Acres Lot
$2,361,800 Zestimate®
$1,229/sqft
$2,254 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 09, 2025 at 10:34am
Source: CRMLS,MLS#: OC25122634
Originating MLS: California Regional MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 2
- Main level bedrooms: 2
Heating
- Radiant
Cooling
- None
Appliances
- Included: Electric Oven, Gas Oven, Vented Exhaust Fan, Dryer, Washer
- Laundry: Washer Hookup, Inside
Features
- All Bedrooms Down, Galley Kitchen, Main Level Primary, Walk-In Closet(s)
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,200 sqft
Property
Parking
- Parking features: Driveway
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Patio & porch: Concrete
- Pool features: None
- Has spa: Yes
- Spa features: Above Ground
- Has view: Yes
- View description: Bluff, Catalina, Coastline, Ocean, Water
- Has water view: Yes
- Water view: Coastline,Ocean,Water
- Waterfront features: Beach Front, Ocean Front
Lot
- Size: 0.45 Acres
- Features: Bluff, Back Yard, Near Park, Value In Land
Details
- Parcel number: 7470031012
- Zoning: LAR1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Asphalt,Composition
Condition
- Fixer
- New construction: No
- Year built: 1955
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Electricity Connected, Natural Gas Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Community & neighborhood
Community
- Community features: Biking, Curbs, Dog Park, Storm Drain(s), Street Lights, Sidewalks, Park
Location
- Region: San Pedro
Other
Other facts
- Listing terms: Cash
- Road surface type: Paved
Services availability
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Estimated market value
$2,361,800