628 W 22nd
San Pedro, CA, 90731
$875,000
Original list price: $950,000
MLS: SB26052642
Beds
—
Baths
—
Sq Ft
1,335
Lot
0.11 ac
Year Built
1921
MLS #
SB26052642
Days on Market
220
Listed
Mar 14, 2026
Description
***SELLER MOTIVATED - OPEN TO ALL OFFERS AND TERMS + 4.375% RATE BUYDOWN AVAILABLE*** --> $25K REDUCTION! <-- PRIME TURNKEY COASTAL DUPLEX | PROVEN SHORT-TERM RENTAL (STR) INCOME & MASSIVE MARKET RENT UPSIDE. Attention Investors: Capitalize on a rare, high-yield opportunity in the direct path of progress. Zero deferred maintenance, this property offers flexible, high-ROI strategies: Established STR operation, or pivot to long-term tenants to capture upside in today's market rents. *** PROVEN INCOME & UPSIDE: This duplex boasts a highly successful, established 5-star multi-channel STR presence, offering a lucrative short-term or mid-term rental strategy right out of the gate with zero ramp-up time. Both units have been renovated to a standard that commands top-tier, premium MARKET RENTS with massive upside potential to maximize your monthly cash flow well beyond standard pro-forma projections. *** THE ASSET: The Front Unit (2 Bed / 1 Bath) is designed for maximum return, featuring bespoke premium finishes, a stunning spa-inspired bathroom with a clawfoot tub, a cozy fireplace, and a massive Chef's Kitchen with a center island, ample cabinetry, a 6-burner stove with center grille, and dual ovens. The bedrooms are separated for maximum privacy. Rear Unit (1 Bed / 1 Bath + Bonus Room) features its own fireplace and direct access to the hardscape, backyard/patio area. The bonus room offers flexibility for a home office, making it highly attractive to remote-working tenants or higher-paying corporate rentals. *** VALUE-ADD ADU POTENTIAL: The property includes a THREE-CAR GARAGE, offering incredible potential for an ADU (Accessory Dwelling Unit) conversion. This is a prime opportunity to increase unit density, add a 3rd income stream, and significantly boost your overall CAP rate. The exterior grounds in front feature mature landscaping with an abundance of fruit trees (grapefruit, kumquat, lemon, cherry), adding significant curb appeal that keeps vacancy low and guest ratings high. *** THE APPRECIATION CATALYST: This duplex puts you right in the center of San Pedro's massive Waterfront renovation, with the highly anticipated West Harbor development. This billion-dollar project is driving explosive tenant demand and rapid property appreciation. Your tenants or guests will enjoy ultimate accessibility to artisan coffee shops, renowned seafood dining, boutiques, coastal nightlife, and major freeways. Fully immersive 3D walkthrough + FLOORPLAN is available.
Location
San Pedro, Los Angeles County, CA 90731
Open on Google Maps ↗Listed by: Brooke Dianich · Keller Williams Luxury
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$6,992
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $87,500 · Loan: $787,500
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $5,452
- Property tax (1.25%)
- $911
- Homeowners insurance
- $300
- Mortgage insurance
- $328
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this San Pedro home with as little as 3.5% down using an FHA loan — roughly $30,625 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See San Pedro, CA 90731 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
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