624 W 26th, San Pedro, CA 90731

$775,000

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List Price
$775,000
Price Change
▼ $10,000 1782944846
Status
ACTIVE
MLS#
SB26067179
Year Built
1948
Lot Size
5,370
Acres
0.12
Lot Location
0-1 Unit/Acre
Days on Market
83
Property Type
Multifamily
Property Sub Type
Duplex

Property Description

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.

Additional Information

Pool Description
None
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
2
Gross Scheduled Income
$45,600
Operating Expense
19000

Listing courtesy of Listing Agent: Ante Perkov (ante@irealion.com) from Listing Office: Realion Real Estate.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.