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$ 1,600,000

Est. payment -/mo

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624 W 38th ST San Pedro, CA 90731

6,503 Sqft Lot

UPDATED:

02/19/2025 06:45 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25033598

HOA Y/N No

Rental Info 12 Months

Year Built 1918

Lot Size 6,503 Sqft

Property Sub-Type Triplex

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 you're 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. Don't miss this rare opportunity!

Location

State CA

County Los Angeles

Area 181 - Point Fermin

Zoning LAR1

Interior

Heating Electric

Cooling None

Flooring Laminate

Fireplaces Type Electric

Inclusions Washer and Dryer, Stove, Refrigerator, Microwave

Fireplace Yes

Appliance Dryer

Laundry Inside, In Garage

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Park

Total Parking Spaces 2

Private Pool No

Building

Lot Description Lawn

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7467014028

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by Sendi Khatcheressian • Keller Williams Advisors • 818-730-2985