524 W 2ND ST, SAN PEDRO, CA 90731

Property Description

Charming 2-unit property featuring two SEPARATELY standing 2BD/1BA homes on a 5,000 SF lot in desirable San Pedro. Vacant unit has its own garage and driveway offering privacy and convenience rarely found in duplex properties; it is FULLY RENOVATED with high end appliances including washer and dryer. It will be delivered vacant, making it ideal for an owner-occupant or immediate rental income at market rates. Both units are in excellent condition and equipped with tankless water heaters. The occupied unit currently rents for $1,491/mo, providing stable in-place income, while the vacant unit offers flexibility for move-in, rental upside, or owner-occupied financing options. Built in 1964, the property combines solid construction with long-term value potential. * * Conveniently located near Downtown San Pedro, the LA Waterfront, and the West Harbor redevelopment, this property is situated in a strong coastal submarket with high rental demand and limited multifamily inventory. A great opportunity for both homeowners and investors alike.