1457 1st, San Pedro CA 90732 | $1,095,000

FIX & FLIP or EXPAND AND CREATE INCOME STREAM. BRING YOUR OFFER IN APRIL BEFORE THE SUMMER COMPETITION HEATS UP! Split the lot and add multi-units or add ADU? Unique opportunity to expand on this 3-bed, 2-bath, 1,547 square foot fixer home sitting on 3 lots (assigned a single APN number) totaling 9,525 square feet. A potential developer could envision adding SFRs and/or ADUs with LA City Planning Department approval (Attach an ADU for potentially faster approval). LA City Planning office states that 3 addresses are reflected on records, but 1457 is the one that is utilized for the current SFR. Buyer to perform due diligence and confirm potential building and subdividing possibilities with LA City Planning Office. For home buyers looking to move in and add income or an extended family, there is plenty of room to add bedrooms or add an ADU. The backyard has plenty of room for your entertainment creativity. Add additional boat or RV storage by adding backyard gate to the alley! The home includes a basement accessible from the backyard with wine storage or game room potential. Buyer to perform due diligence and confirm potential building and subdividing possibilities with LA City Planning Office. Close proximity to Peck Park, Cabrillo Beach, local dining, 110 Freeway, Vincent Thomas bridge, and the upcoming West Harbor Development, which will span approximately 42 acres and comprise roughly 300,000 square feet of retail, dining, and entertainment space, including a proposed open-air 6,200 seat amphitheater and 1-mile long promenade. Now would be a great time to build prior to the completion of West Harbor which will be bringing new jobs and increased demand for housing. Property sold "as is." Let's make a deal!

More Details