Calling all flippers, contractors, and visionaries—this is your chance to unlock serious potential on one of South Shores’ most desirable streets. This cosmetic fixer offers breathtaking, unobstructed 180-degree views of the Pacific Ocean and Catalina Island from almost every room on the upper level. The home features a functional layout with a Mid-Century vibe and solid bones, ready for a creative transformation. The upper level includes a spacious living room with vaulted ceilings, a fireplace, and a full wall of glass showcasing panoramic coastal vistas. The galley-style kitchen, dining area, and breakfast nook also share in the stunning views, creating a light-filled main living space that feels expansive and open. Step outside onto the large upper terrace—ideal for entertaining or simply relaxing in the fresh ocean air. Downstairs, you’ll find two bedrooms, a full bath with laundry hookups, and a cozy family room with a second fireplace. The lower-level yard is private, low-maintenance, and offers a peaceful escape. The property also includes a two-car garage with direct access to the interior of the home, as well as multiple storage sheds, providing ample room for tools, gear, or additional storage needs. While updates are needed, the home’s layout and location provide a rare opportunity to add serious value and create something truly special. You’re just minutes from the coastal bluffs, White Point Nature Preserve, and Royal Palms State Beach—perfect for beachgoers, hikers, and nature lovers alike. Plus, luxury destinations like Trump National Golf Club and Terranea Resort are just a short drive away.
Whether you're an investor looking for your next project or a buyer eager to craft your dream coastal retreat, this property delivers incredible potential at a price that's nearly impossible to find in Southern California oceanfront communities. Don’t miss your chance to turn this view property into something extraordinary. HURRY!!
Sold for $1,050,000 on 07/07/25
Listing Provided by:
Gary Krill DRE #01086159 310-994-3922,
Compass
$1,050,000
1947 Palacios Dr, San Pedro, CA 90732
3beds
2,048sqft
Single Family Residence
Built in 1962
5,006 Square Feet Lot
$1,186,000 Zestimate®
$513/sqft
$5,090 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 07, 2025 at 02:58pm
Listing Provided by:
Gary Krill DRE #01086159 310-994-3922,
Compass
Bought with:
Orly Godliman, DRE #01384545
Capital Assistance Group
Source: CRMLS,MLS#: SB25106806
Originating MLS: California Regional MLS

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Kitchen
- Features: Tile Counters
Heating
- Central, Forced Air
Cooling
- None
Appliances
- Included: Double Oven, Dishwasher, Electric Cooktop, Disposal, Range Hood
- Laundry: Inside, See Remarks
Features
- Cathedral Ceiling(s), Separate/Formal Dining Room, High Ceilings, Living Room Deck Attached
- Flooring: Carpet, Vinyl
- Has fireplace: Yes
- Fireplace features: Gas Starter, Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,048 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Patio & porch: Deck
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Catalina, Ocean, Panoramic, Water
- Has water view: Yes
- Water view: Ocean,Water
Lot
- Size: 5,006 sqft
- Features: Back Yard, Front Yard
Details
- Parcel number: 7562024029
- Zoning: LAR1
- Special conditions: Trust
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mid-Century Modern
- Property subtype: Single Family Residence
Materials
- Foundation: Slab
- Roof: Composition,Shingle
Condition
- Fixer
- New construction: No
- Year built: 1962
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Biking, Curbs, Dog Park, Fishing, Golf, Hiking
Location
- Region: San Pedro
Other
Other facts
- Listing terms: Cash,Cash to New Loan
Services availability
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Estimated market value
$1,186,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,186,000