624 W 38th Street
San Pedro, CA 90731
- – beds
- – baths
- – sqft
- 6,502 sqft lot
- 1918 build
- – on site
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!
Last checked:
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Last updated Feb 19, 2025
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MLS# SB25033598 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1918
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Year Built Source:Public Records
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New Construction:No
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Building Area Total:1944.00
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Building Area Units:Square Feet
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Total Number Of Units:3
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# of Buildings:4
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Stories Total:2
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Entry Level:1
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Number With Patio:3
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Common Walls:No Common Walls
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# of Separate Gas Meters:3
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# of Separate Water Meters:3
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# of Separate Electric Meters:3
Interior
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Entry Location:Front door
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Flooring:Laminate
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Fireplace:Yes
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Fireplace:Electric
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Laundry:Dryer Included, In Garage, Inside
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Laundry:1
Location
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Directions:NA
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Latitude:33.70988700
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Longitude:-118.29044300
The Property
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Property Type:Residential Income
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Subtype:Triplex
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Zoning:LAR1
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Lot Features:Lawn
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Lot Size Area:6502.0000
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Lot Size Acres:0.1493
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Lot Size SqFt:6502.00
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:2
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Tax Census Tract:2976.02
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Tax Tract:2/27
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Tax Lot:27
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7467014028
Heating & Cooling
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Heating:1
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Heating:Electric
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Cooling:No
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Cooling:None
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Park
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Inclusions:Washer and Dryer, Stove, Refrigerator, Microwave
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Pool:None
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Senior Community:No
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Private Pool:No
Parking
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Parking Spaces:2.00
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Garage Spaces:2.00
Extra Units
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Number With Dishwasher:3
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Number With Refrigerator:3
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/18/25
Feb 18, 2025
|
Relisted | CRMLS_CA | $1,600,000 | 1.6% (1.5% / YR) |
|
1/17/24
Jan 17, 2024
|
BRIDGE | $1,575,000 | -12.5% | |
|
10/11/23
Oct 11, 2023
|
BRIDGE | $1,800,888 |
