726 West 37th Street 726-728, San Pedro, CA 90731

• 3,070 sqft

Property Description

Looking for a luxury income property with significant value-add potential? This 3,070 SF ocean-view duplex, zoned R2 and NOT subject to LA City Rent Control may be that rare unicorn that offers flexibility and tremendous MULTIPLE upsides. Currently configured as a five-bedroom, five-bath property, there is a possibility to add one bedroom to each unit within the EXISTING footprint and becoming potentially SEVEN bedrooms! The upstairs/owner’s unit has two bedrooms, two baths, 10+ foot ceilings, skylights in almost every room, and offers a deck spanning across the front. It also has a large rooftop deck with panoramic ocean views, including Catalina on clear days and the Korean Friendship Bell. Spanning over 1,500 square feet, there is room to add a second primary bedroom with ocean views and a massive walk-in closet. This unit also features a gorgeous gourmet kitchen, a walk-in pantry that would be the envy of any home chef, a tankless water heater, air conditioning, soundproofing between units, and additional deck space in the back. The SECOND UNIT offers three bedrooms and two baths, is over 1,500 square feet and has potential to add a fourth bedroom in the large living area adjacent to the dining room. There is also a front lovely private patio area. Additionally, there is a large separate storage unit may be dedicated to either unit, creating an additional income. The property also features three washer/dryer hookups, one in each unit and one located in the garage. Flexible income opportunities extend beyond the units, including five off-street parking that may accommodate boats, RVs, or trailers, as well as potential rental use of garage and storage spaces. The final major standout for additional income is the massive garage, a truly rare asset in this coastal market. This oversized space provides ample room for vehicles, a workshop, creative studio, or additional functional space, and includes a ¾ bathroom, washer/dryer hookups, a large storage room, office loft, and commercial-grade storage, with potential room for 5–10+ vehicles. There is truly no other property like this in all of San Pedro offering this combination of amenities, possibilities, and value-add potential. Ideally located near Point Fermin, Cabrillo Beach, the Hey Rookie Pool, local trails, and along Paseo del Mar, this property offers a compelling blend of coastal lifestyle, flexibility, and upside. All info deemed reliable but subject to due diligence and to be confirmed by Buyer.

Listing Status:

Active

Date Added:

February 6, 2026

Data Last Updated:

February 7, 2026 at 10:19PM

Listing Office:

Keller Williams Palos Verdes : 310-544-6100

Listing Agent:

Michelle Velasco : 3109185281

MLS ID:

SB26025042

Interior

• General: BalconyHigh CeilingsOpen FloorplanPantryGalley KitchenPrimary SuiteWalk-In PantryWalk-In Closet(s)Workshop
• Appliances: DishwasherElectric CooktopMicrowaveTankless Water HeaterWater Heater
• Laundry: Washer HookupGas Dryer HookupSee Remarks
• Flooring: See RemarksTile
• A/C: Central AirSee Remarks
• Heating: Central
• Fireplace: Dining RoomElectricGasKitchenLiving RoomPrimary BedroomOutsideSee RemarksFireplace
• Eco/Green Feature: Water-Smart LandscapingWater HeaterWindows

Exterior

• General: Workshop
• Style: ContemporaryModernSee Remarks
• Other Structures: Workshop
• Pool: None
• Parking: ConcreteCoveredDoor-MultiDirect AccessDrivewayGarageOversizedPrivateGarage Faces RearRV Access/ParkingSee RemarksParking spaces: 10

Construction

• Roofing: CompositionSee RemarksTar/Gravel
• Windows: Double Pane WindowsSkylight(s)
• General: Stucco2Raised

Location

• Road/Access: City Street
• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: 7467012019
• View: CatalinaCity LightsOceanPanoramicView
• Fencing: Block

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected220 Volts in Garage
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM