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Millman Team Real Estate

$875,000
0.11 Acre Lot

628 W 22nd, San Pedro, California 90731

  • Residential Income Property Type
  • 1921 Year Built
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.

Basic Details
Residential Income
For Sale
SB26052642
$875,000
1921
0.11 Acre
Active
1
Duplex
Features
: None
: Wall Furnace
: Wall/Window Unit(s)
: Wrought Iron
: Living Room
: Craftsman
: In Kitchen
: Public Sewer
: Natural Gas Connected
$0
Address Map
CA
Los Angeles
San Pedro
90731
22nd
628
W119° 42' 32.8''
N33° 43' 28.2''
Gaffey to 22nd, head toward waterfront
181 - Point Fermin
W
Additional Information
$0
$0
$0
$0
$0
1335
: Sidewalks, Street Lights, Curbs, Gutter(s)
1
3.0
: 0-1 Unit/Acre, Back Yard, Front Yard, Yard, Landscaped, Rectangular Lot, Lawn, Level, Street Level
2
2026-03-14
900000
1
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
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
: Public
Broker/Agent Information
Keller Williams Luxury
Brooke Dianich
Listing Information
SDIANBRO
SB1390398
Cash to New Loan
Active
2026-10-26T03:42:44Z
CRMLS
: Standard
2026-03-14T17:08:44Z
Agent info
Jon Millman
21250 Hawthorne Blvd, Suite 750, Torrance, CA 90503
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