About 364 W Ofarrell Street
San Pedro Investment Opportunity Two Detached Homes on One Lot! Excellent opportunity for investors, contractors, and buyers looking to add value in an established San Pedro neighborhood! Situated on a 5,002 square foot lot, this property features two separate, detached residences, offering flexibility and potential for multiple income streams. The front home consists of 3 bedrooms and 1 bathroom, while the rear home offers 1 bedroom and 1 bathroom. Both residences are in need of renovation, presenting an opportunity for an experienced buyer to restore, improve, and reposition the property for long-term rental income or resale. The detached configuration provides added separation between the residences, making this an attractive investment opportunity for those seeking to maximize the property's potential. The location adds further appeal, with convenient access to Downtown San Pedro's restaurants, shops, and galleries, the LA Waterfront, the Port of Los Angeles, and popular coastal destinations including Cabrillo Beach and Point Fermin Park. With two detached homes on one lot and substantial room for improvement, this property presents a compelling value-add opportunity for an investor looking to establish or expand a rental portfolio in San Pedro.
