732 W 21st, San Pedro, CA 90731

Property Description

Rare Investment Opportunity in the Heart of Vista del Oro – San Pedro Exceptional opportunity to own a well-maintained three-unit residential income property in the highly desirable Vista del Oro neighborhood of San Pedro. Situated on a 5,009-square-foot lot, this versatile investment features two separate buildings and an excellent unit mix consisting of one 3-bedroom, 2-bath unit, one 3-bedroom, 1-bath unit, and one 2-bedroom, 1-bath unit, totaling approximately 2,900 square feet of living space. Each unit offers comfortable layouts with private outdoor areas, individual laundry facilities, and ample parking. The property includes a detached garage, additional off-street parking, and convenient alley access. Recent capital improvements—including fresh exterior paint and new windows—add value while helping to reduce near-term maintenance costs. Ideally located near shopping, dining, parks, schools, major transportation corridors, and the vibrant San Pedro Waterfront, the property is well positioned to benefit from the area’s ongoing transformation. With significant investment underway in the San Pedro Waterfront redevelopment—bringing new dining, entertainment, retail, and public spaces—the neighborhood continues to experience growing demand and strong long-term appreciation potential. Whether you’re an investor seeking reliable rental income with upside potential, an owner-occupant looking to offset housing costs with rental revenue, or a developer exploring future possibilities, this property offers exceptional flexibility. The generous lot size, alley access, and prime location may also provide future redevelopment or expansion potential, subject to buyer verification with the appropriate agencies. Don’t miss this rare opportunity to acquire a quality multi-unit asset in one of the Harbor Area’s most sought-after neighborhoods, where stable cash flow meets compelling long-term growth potential.