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624 W 38th Street

San Pedro, CA 90731
  • $1,600,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: SB25033598
$1,600,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1918
County:

School Ratings & Info

Listing Agent(s): Sendi Khatcheressian of Keller Williams Advisors (310-482-2200) and Dylan Ellis of ()


Description

Completely renovated down to the studs and better than new, this stunning corner triplex in the highly desirable Point Fermin area of San Pedro offers exceptional income potential. Sitting on a corner lot just moments from the ocean, this property offers two sleek one-bedroom, one-bath units (Units A and C) on the first floor and a spacious two-bedroom, two-bath unit with an upstairs (Unit B) with breathtaking views of the port and coastline stretching from Palos Verdes to Malibu. Every inch has been meticulously upgraded with brand-new plumbing, electrical, furnace, flooring, kitchens, and bathrooms, making it completely move-in ready. The expansive lot also presents an incredible value-add opportunity with space to build two 800 sq. ft. ADUs (buyer to verify with the city), unlocking even more rental income potential. Perfectly positioned just moments from the beach, parks, waterfront dining, and the iconic Point Fermin Lighthouse, this fully turnkey investment allows you to establish market rents immediately or expand for even greater returns. A rare opportunity to own a high-performing property in one of Los Angeles most promising coastal neighborhoods. Whether youre looking to maximize cash flow, expand your portfolio, or live in one unit while renting out the others, this is the ultimate investment in coastal LA real estate. Dont miss this rare opportunity!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-18T21:29:32.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/160650688
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624 W 38th Street San Pedro, CA 90731

  • Price: $1,600,000
  • Status: Active
  • On Site: 28 Days
  • ID#: SB25033598
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1918
Built
Neighborhood:
181 - Point Fermin
County:
Los Angeles
Area:
181 - Point Fermin
Property Description
Completely renovated down to the studs and better than new, this stunning corner triplex in the highly desirable Point Fermin area of San Pedro offers exceptional income potential. Sitting on a corner lot just moments from the ocean, this property offers two sleek one-bedroom, one-bath units (Units A and C) on the first floor and a spacious two-bedroom, two-bath unit with an upstairs (Unit B) with breathtaking views of the port and coastline stretching from Palos Verdes to Malibu. Every inch has been meticulously upgraded with brand-new plumbing, electrical, furnace, flooring, kitchens, and bathrooms, making it completely move-in ready. The expansive lot also presents an incredible value-add opportunity with space to build two 800 sq. ft. ADUs (buyer to verify with the city), unlocking even more rental income potential. Perfectly positioned just moments from the beach, parks, waterfront dining, and the iconic Point Fermin Lighthouse, this fully turnkey investment allows you to establish market rents immediately or expand for even greater returns. A rare opportunity to own a high-performing property in one of Los Angeles most promising coastal neighborhoods. Whether youre looking to maximize cash flow, expand your portfolio, or live in one unit while renting out the others, this is the ultimate investment in coastal LA real estate. Dont miss this rare opportunity!
Exterior Features

Entry Level 1 Entry Location Front door Lot Features Lawn Number Of Separate Electric Meters 3 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Appliances Dryer Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Electric Fireplace YN Yes Flooring Laminate Heating Electric Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 5 Common Interest None Community Features Park Current Financing Conventional Electric Expense 900 Fuel Expense 0 Garage YN Yes Gross Income 0 Gross Scheduled Income 7400 Inclusions Washer and DryerStoveRefrigeratorMicrowave Insurance Expense 0 Land Lease YN No Laundry Features InsideIn Garage Lease Term 12 Months Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Net Operating Income 80340 New Construction YN No Number Of Separate Gas Meters 3 Number Of Separate Water Meters 3 Number Of Units Leased 3 Operating Expense 7260 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasInsuranceWater Total Actual Rent 7300 Trash Expense 0 Water Sewer Expense 900 Water Source Public Zoning LAR1



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-18T21:29:32.57. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Sendi Khatcheressian of Keller Williams Advisors (310-482-2200) and Dylan Ellis of ()