$775,000
About this home
Value-Add Duplex in a Prime San Pedro Rental Corridor Opportunity in one of San Pedro’s strongest and most consistent rental corridors. This duplex is priced for its current condition and presents a clear path to upside for both owner-occupants and investors who understand how to unlock value. One unit will be delivered vacant, creating immediate flexibility. Move in and offset your mortgage with rental income. Renovate and reposition the asset. Or lease at market rent and stabilize cash flow from day one. The second unit provides in-place income in a high-demand rental pocket with historically strong occupancy. The lot offers additional potential, including the ability to explore ADU development for expanded income streams or multigenerational living (buyer to verify). For those thinking long-term, this is the kind of property where small improvements can materially shift both rents and overall valuation. Positioned near the rapidly evolving LA Waterfront, the property benefits from proximity to Cabrillo Beach, Point Fermin Park, the Korean Bell of Friendship, and the Battleship USS Iowa Museum. It also sits just minutes from the highly anticipated West Harbor development, a transformative project bringing dining, retail, and entertainment to the waterfront. This is not a turnkey property. It’s better. It’s an opportunity to step into a market with momentum and create your own equity.
Facts & features
- Fireplace
- None
- Laundry
- In Kitchen
- Lot size
- 0.123 acres (5,370 sq ft)
- Pool
- None
- Year built
- 1948
- Parking spaces
- 2
- Area
- 181 - Point Fermin
- County
- Los Angeles
- Community features
- Biking, Curbs, Dog Park, Hiking, Park, Storm Drains, Street Lights, Suburban, Sidewalks, Water Sports
- Status
- Active
- Property type
- Duplex
- Days on market
- 64
- Listed
- 2026-03-28
- Original price
- $799,000
- Terms
- Exchange 1031, Trust Conveyance
- Parcel #
- 7465010023
- MLS #
- SB26067179
