920 W Elberon Ave, San Pedro, CA 90731

Property Description

920 West Elberon Avenue presents a unique opportunity to acquire two detached single-family homes on one lot in the desirable Northwest San Pedro neighborhood. Whether you’re an investor seeking strong rental potential or a homeowner looking to offset your mortgage with supplemental income, this property offers excellent value and flexibility. This property offers an ideal scenario for an owner-user to live in the spacious front house while renting out the rear home. Investors may also explore the possibility of converting the existing garages into ADU’s to increase unit count and generate additional income (buyer to verify). The front home, built in 1987, offers approximately 1,876 square feet of living space across two levels. It features three bedrooms, two-and-a-half baths, in-unit laundry, a private balcony, generous closet space, and two attached two-car garages. The half-bath may have potential for a shower addition (buyer to confirm). The rear home is a charming 528-square foot 1924 construction, single-story unit with one bedroom and one bathroom, along with a bonus room ideal for a home office or additional storage. A cozy outdoor patio, complete with a mature persimmon tree, offers a perfect space for relaxing or entertaining. Laundry hookups are available in the closest garage for this unit’s use. This unit functions on its own septic system, which was redone within the past six years. Situated on a quiet residential street, this property is just a short walk to Bandini Canyon Park, Leland Park, Rena Park, and Bandini Elementary School. A wide range of shopping and dining options—including Sprouts Farmers Market, Trader Joe’s, In-N-Out, Chipotle, and more are conveniently located less than a mile away along Western Avenue. With an average household income of $104,000 within a one-mile radius, this area supports a strong and stable tenant base. 920 West Elberon Avenue is a rare offering with immediate upside potential, perfect for those looking to invest in or live in a thriving coastal community.