328 N Centre Street, San Pedro, CA 90731

This property is an ideal choice for those looking to complete a 1031 exchange or for investors seeking an excellent opportunity in a thriving market. Located just three blocks from the breathtaking 42-acre San Pedro waterfront promenade, this spacious duplex offers an incredible investment opportunity in one of the most desirable neighborhoods of San Pedro, California. Strolling distance from the scenic harbor, ships, an outdoor amphitheater, and the historic Red Car Train, this property is perfectly situated for both renters and investors alike. Within minutes, you'll find shopping, dining, and easy access to the freeway—making it an ideal spot for tenants. This property boasts a stunning upstairs view of the picturesque Palos Verdes Hills, adding additional appeal for potential tenants seeking both comfort and convenience. Built in 1987 and not subject to rent control (as per the RSO website), this duplex presents an excellent opportunity to capitalize on San Pedro's strong rental market. The property consists of two spacious units, each with 3 bedrooms and 2.5 bathrooms, offering ample space for tenants. The large living rooms are incredibly spacious, with the potential to convert one of the living areas into a 4th bedroom, increasing the rental value. This flexibility makes it even more appealing for investors. Currently tenant-occupied and set to be delivered with tenants in place, this property promises ready cash flow with room for significant rental upside. With the strong demand for rental properties in San Pedro, this is an exceptional opportunity for anyone looking to generate immediate returns while holding onto a valuable asset with further potential for growth. This duplex has undergone several key updates in recent years, enhancing both its aesthetic appeal and functionality. Recent improvements include exterior upgrades (new paint, stucco, and iron work) completed within the last 6 months, ensuring that the property looks fresh and inviting, new roof installed over the 2-car garage within the past 2 years, offering peace of mind with minimal maintenance required, upgraded upstairs rear entrance to support heavy traffic, completed within the last 2 years, new exterior concrete stair treads for the main staircase, enhancing safety and curb appeal, also completed within the last 2 years, and new ceramic tile floors in both units (living room, hall, and back bedroom/den), providing a modern and easy-to-maintain living environment.