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!
Property Details
Price:
$1,600,000
MLS #:
SB25033598
Status:
Active
Baths:
0
Address:
624 W 38th Street
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
181pointfermin
City:
San Pedro
Listed Date:
Feb 3, 2025
State:
CA
ZIP:
90731
Lot Size:
6,502 sqft / 0.15 acres (approx)
Year Built:
1918
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Schools
Interior
Cooling
None
Fireplace Features
Electric
Flooring
Laminate
Heating
Electric
Exterior
Community Features
Park
Garage Spaces
2.00
Lot Features
Lawn
Parking Spots
2.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
Electricity, Gas, Insurance, Water
Map
Community
- Address624 W 38th Street San Pedro CA
- Area181 – Point Fermin
- CitySan Pedro
- CountyLos Angeles
- Zip Code90731
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624 W 38th Street
San Pedro, CA
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