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Under contract
  • Listing Provided by: 

    Sendi Khatcheressian DRE #02244322 818-730-2985,

    Keller Williams Los Angeles,

    Dylan Ellis DRE #02096917 310-867-9317,

    Keller Williams Studio City

    $1,499,999

    624 W 38th St, San Pedro, CA 90731

    4beds
    4baths
    1,944sqft
    : 
    Triplex
    Built in 1918
    -- sqft lot
    $1,465,100 Zestimate®
    $772/sqft
    $-- HOA

    What's special

    Brand-new plumbingSleek one-bedroom one-bath unitsExpansive lotCorner lotSpacious two-bedroom two-bath unit
    Rare Opportunity! Attention Homebuyers and Investors - Don't miss this amazing home for sale. A perfect blend of comfort and potential. 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!
    64 days
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    Zillow last checked: 7 hours ago

    Listing updated: August 11, 2025 at 11:34am

    Listing Provided by:

    Sendi Khatcheressian DRE #02244322 818-730-2985,

    Keller Williams Los Angeles,

    Dylan Ellis DRE #02096917 310-867-9317,

    Keller Williams Studio City

    Source: CRMLS,MLS#: SB25132186MLS LogoOriginating MLS: California Regional MLS
    Travel times

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Heating
    • Electric
    Cooling
    • None
    Appliances
    • Included: Dryer
    • Laundry: Inside, In Garage
    Features
    • Flooring: Laminate
    • Has fireplace: Yes
    • Fireplace features: Electric
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 1,944
    • Total interior livable area: 1,944 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Entry location: Front door
    • Pool features: None
    Lot
    • Size: 6,502 Square Feet
    • Features: Lawn
    Details
    • Parcel number: 7467014028
    • Zoning: LAR1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex
    Condition
    • New construction: No
    • Year built: 1918

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Park
    Location
    • Region: San Pedro

    Financial & listing details

    • Price per square foot: $772/sqft
    • Tax assessed value: $864,883
    • Annual tax amount: $10,703
    • Date on market: 6/12/2025
    • Listing terms: Cash,Conventional,1031 Exchange
    • Inclusions: Washer and Dryer, Stove, Refrigerator, Microwave
    • Lease term: 12 Months
    • Total actual rent: 7300
    • Tenant pays: Electricity, Gas, Insurance, Water
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