Opportunity knocks in the highly desirable seaside community of San Pedro! Built in 1980, this 4-bedroom, 3-bath home is a true diamond in the rough, offering incredible potential for buyers ready to bring their vision and personal touches. Situated on an oversized 9,147 sq. ft. lot on a quiet, tree-lined cul-de-sac street adjacent to a beautiful neighborhood park, this property combines space, location, and value. The spacious floor plan features a step-down living room with fireplace, separate formal dining room, and a comfortable family room ideal for everyday living and entertaining. One bedroom and bath are conveniently located on the main level, perfect for guests, extended family, or a home office setup. The oversized primary suite includes a large private bathroom and ample space to create a true retreat. While the home is ready for paint, carpet, and cosmetic updates, the possibilities are endless. Step outside to your own resort-inspired backyard featuring a sparkling pool with waterfalls and grotto, creating the ultimate setting for relaxation and entertaining. A separate pool room with bath and soaring 10-foot ceilings offers excellent flexibility for a game room, guest quarters, gym, studio, or potential ADU conversion. Finding a home with this much potential, lot size, and resort-style amenities for under $1.5 million in San Pedro is a rare opportunity.