Occupy one unit and rent the other! In addition to the three bedrooms in each unit, there is a BONUS room with a closet that can easily be used as a 4th bedroom, increasing the potential for rental income. This extra room in each unit provides flexibility for tenants who… Read More need additional space, making it a great option for those who require a home office, den, or additional sleeping area. This property is an ideal choice for those looking to occupy one unit and rent the other or to those who want to complete a 1031 exchange or for investors seeking an excellent opportunity in a thriving market. Located just three blocks from the breathtaking 42-acre San Pedro waterfront promenade, this spacious duplex offers an incredible investment opportunity in one of the most desirable neighborhoods of San Pedro, California. Strolling distance from the scenic harbor, ships, an outdoor amphitheater, and the historic Red Car Train, this property is perfectly situated for both renters and investors alike. Within minutes, you'll find shopping, dining, and easy access to the freeway—making it an ideal spot for tenants. This property boasts a stunning upstairs view of the picturesque Palos Verdes Hills, adding additional appeal for potential tenants seeking both comfort and convenience. Built in 1987 and not subject to rent control (as per the RSO website), this duplex presents an excellent opportunity to capitalize on San Pedro's strong rental market. The property consists of two spacious units, each with 3 bedrooms and 2.5 bathrooms, offering ample space for tenants. The large living rooms are incredibly spacious, with the potential to convert one of the living areas into a 4th bedroom, increasing the rental value. This flexibility makes it even more appealing for investors. Currently tenant-occupied and set to be delivered with tenants in place, this property promises ready cash flow with room for significant rental upside. With the strong demand for rental properties in San Pedro, this is an exceptional opportunity for anyone looking to generate immediate returns while holding onto a valuable asset with further potential for growth. This duplex has undergone several key updates in recent years, enhancing both its aesthetic appeal and functionality. Read Less
Listing Snapshot
Days Online
119
Last Updated
Property Type
Duplex
Lot Size
0.11 Acres
Year Built
1987
MLS Number
DW25034301
30 Days Snapshot Of 90731
$945k
-11%
(avg) sold price
15
-21%
homes sold
92
+9%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1987, Building area total: 3,092, Levels: Two, 2 stories, 1 building, Common walls: NoCommonWalls
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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