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Tricia Mcmullan

tricia.mcmullan@redfin.com +1(626) 318-7433

$ 875,000

Est. payment -/mo

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Price Dropped by $25K

628 W 22nd San Pedro, CA 90731

5,000 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26052642

HOA Y/N No

Year Built 1921

Lot Size 5,000 Sqft

Property Sub-Type Duplex

Property Description

***SELLER MOTIVATED - OPEN TO ALL OFFERS AND TERMS + 4.375% RATE BUYDOWN AVAILABLE*** --> $25K REDUCTION! <-- PRIME TURNKEY COASTAL DUPLEX | PROVEN SHORT-TERM RENTAL (STR) INCOME & MASSIVE MARKET RENT UPSIDE. Attention Investors: Capitalize on a rare, high-yield opportunity in the direct path of progress. Zero deferred maintenance, this property offers flexible, high-ROI strategies: Established STR operation, or pivot to long-term tenants to capture upside in today's market rents. *** PROVEN INCOME & UPSIDE: This duplex boasts a highly successful, established 5-star multi-channel STR presence, offering a lucrative short-term or mid-term rental strategy right out of the gate with zero ramp-up time. Both units have been renovated to a standard that commands top-tier, premium MARKET RENTS with massive upside potential to maximize your monthly cash flow well beyond standard pro-forma projections. *** THE ASSET: The Front Unit (2 Bed / 1 Bath) is designed for maximum return, featuring bespoke premium finishes, a stunning spa-inspired bathroom with a clawfoot tub, a cozy fireplace, and a massive Chef's Kitchen with a center island, ample cabinetry, a 6-burner stove with center grille, and dual ovens. The bedrooms are separated for maximum privacy. Rear Unit (1 Bed / 1 Bath + Bonus Room) features its own fireplace and direct access to the hardscape, backyard/patio area. The bonus room offers flexibility for a home office, making it highly attractive to remote-working tenants or higher-paying corporate rentals. *** VALUE-ADD ADU POTENTIAL: The property includes a THREE-CAR GARAGE, offering incredible potential for an ADU (Accessory Dwelling Unit) conversion. This is a prime opportunity to increase unit density, add a 3rd income stream, and significantly boost your overall CAP rate. The exterior grounds in front feature mature landscaping with an abundance of fruit trees (grapefruit, kumquat, lemon, cherry), adding significant curb appeal that keeps vacancy low and guest ratings high. *** THE APPRECIATION CATALYST: This duplex puts you right in the center of San Pedro's massive Waterfront renovation, with the highly anticipated West Harbor development. This billion-dollar project is driving explosive tenant demand and rapid property appreciation. Your tenants or guests will enjoy ultimate accessibility to artisan coffee shops, renowned seafood dining, boutiques, coastal nightlife, and major freeways. Fully immersive 3D walkthrough + FLOORPLAN is available.

Location

State CA

County Los Angeles

Area 181 - Point Fermin

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type Living Room

Fireplace Yes

Laundry In Kitchen

Exterior

Garage Spaces 3.0

Garage Description 3.0

Fence Wrought Iron

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks

Utilities Available Natural Gas Connected

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Back Yard, Front Yard, Lawn, Landscaped, Level, Rectangular Lot, Street Level, Yard

Story 1

Sewer Public Sewer

Water Public

Architectural Style Craftsman

New Construction No

Others

Senior Community No

Tax ID 7462029019

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://www.homes.com/property/628-w-22nd-st-san-pedro-ca/r046j60h5byy7/?dk=9tlm7552pkqyh&tab=1&utm_source=Homes&utm_medium=email&utm_campaign=HM_PDT_B2B_ALL_MatterportNowLive_20250108&utm_id=98200939-f21b-f111-a5f8-5cba2c705840&utm_content=cta

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Listed by Brooke Dianich Keller Williams Luxury 310-403-4413, DRE #01325866

View 628 W 22nd on Redfin Full photos, price history & neighborhood details