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Listed by Sendi Khatcheressian • Keller Williams Advisors
$1,600,000
Est. payment /mo
1,944 SqFt
Active
624 West 38th Street San Pedro, CA 90731
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,944 sqft
Price per Sqft $823
MLS Listing ID SB-25033598
Year Built 1918
Lot Size 6,502 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
Cooling None
Flooring Laminate
Fireplaces Type Electric
Inclusions Washer and Dryer, Stove, Refrigerator, Microwave
Laundry Dryer Included, In Garage, Inside
Exterior
Parking Features Gated
Garage Spaces 2.0
Pool None
Community Features Park
Building
Lot Description Lawn
Sewer Public Sewer