440 W 22nd St, San Pedro, CA 90731

Property Description

Welcome to 440 and 442 W. 22nd Street, an ultra-charming classic duplex located in the highly desirable Point Fermin neighborhood of San Pedro, just moments from the Pacific Ocean. This character-rich property offers a rare opportunity to own a coastal asset with both immediate functionality and exceptional upside potential. Each unit features its own laundry, separate gas meter, and individual garage with convenient alley access, providing privacy and convenience for occupants. The property sits within favorable zoning, offering exciting potential for future development or expansion (buyer to verify), making it ideal for investors, developers, or owner-users seeking to live in one unit while generating income from the other. The inviting curb appeal, highlighted by classic architectural details and a welcoming front yard framed by mature landscaping and a palm tree, captures the essence of coastal California living. San Pedro is currently undergoing a major multi-year transformation, highlighted by the $500 million West Harbor waterfront development (expected completion 2026), a premier dining and entertainment destination featuring a large-scale amphitheater, Ferris wheel, and vibrant waterfront attractions. In addition, the "One San Pedro" redevelopment plan is set to introduce over 1,500 new residential units, modern retail, and expanded public spaces, further enhancing the area's growth trajectory and long-term value. Ideally located near Point Fermin Park, Cabrillo Beach, coastal trails, and the evolving waterfront, this property is positioned in the direct path of growth. Vacant coastal duplexes with expansion potential in this location are extremely rare; this is a compelling opportunity for immediate income, redevelopment, and long-term upside.