Located in the charming Point Fermin/Palisades neighborhood of San Pedro, 3621 South Pacific is an 4-story, 18 unit multifamily property available for
sale for the first time in nearly 23 years! This investment opportunity is being offered at a 5.59% Cap Rate and 9.42 GRM – at an enticing cost per unit of only $152,778 (after May increases). A new owner has the ability to step into an already cashflowing asset with further upside potential of approximately 22%! The property features a unit mix of (6) one bedroom units and (12) studio units, several of which have large, forward facing windows with terrific views of the pacific ocean. Current ownership has always been attentive with staying ahead of capex work and the building is in good shape. The building is close to Cabrillo Beach, the Marina, as well as the brand new West Harbor redevelopment! The immediate area is filled with many terrific retail and entertainment options as well as basic amenities for tenants to take advantage of. San Pedro is known for it''s small-town atmosphere and many family-owned businesses, with unique architecture, shops, hotels, restaurants, art galleries, studios, theaters, entertainment and more!
sale for the first time in nearly 23 years! This investment opportunity is being offered at a 5.59% Cap Rate and 9.42 GRM – at an enticing cost per unit of only $152,778 (after May increases). A new owner has the ability to step into an already cashflowing asset with further upside potential of approximately 22%! The property features a unit mix of (6) one bedroom units and (12) studio units, several of which have large, forward facing windows with terrific views of the pacific ocean. Current ownership has always been attentive with staying ahead of capex work and the building is in good shape. The building is close to Cabrillo Beach, the Marina, as well as the brand new West Harbor redevelopment! The immediate area is filled with many terrific retail and entertainment options as well as basic amenities for tenants to take advantage of. San Pedro is known for it''s small-town atmosphere and many family-owned businesses, with unique architecture, shops, hotels, restaurants, art galleries, studios, theaters, entertainment and more!
Property Details
Price:
$2,750,000
MLS #:
SB25067550
Status:
Active
Baths:
0
Address:
3621 S Pacific Avenue
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
181pointfermin
City:
San Pedro
Listed Date:
Mar 27, 2025
State:
CA
ZIP:
90731
Lot Size:
6,876 sqft / 0.16 acres (approx)
Year Built:
1929
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Schools
Interior
Exterior
Community Features
Curbs
Garage Spaces
0.00
Lot Features
Rectangular Lot
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
4
Water Source
Public
Financial
Map
Community
- Address3621 S Pacific Avenue San Pedro CA
- Area181 – Point Fermin
- CitySan Pedro
- CountyLos Angeles
- Zip Code90731
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3621 S Pacific Avenue
San Pedro, CA
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