3621 S Pacific Avenue, San Pedro, CA 90731 - Berkshire Hathaway HomeServices California Properties

3621 S Pacific Avenue, San Pedro, CA 90731

$2,750,000 Approx. USD 0 beds, 0 baths

Listing Agent


Josh Cohen | josh@cohengroupla.com
Lic#: 01346713
Broker: Courtesy of Keller Williams South Bay

Agent Remarks

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!

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# SB25067550
Price: $2,750,000
Beds: 0
Baths: 0
Built in 1929
0.16 acres
Lot size: 0.1579
County: Los Angeles
Zoning: LARD2
Lot description: Rectangular Lot
MLS area: 181 - Point Fermin

Last Updated: 3/28/2025

 Days On Market (DOM): 44

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This listing belongs to the 181 - Point Fermin MLS area

Lat/Long: 33.711050, -118.288299.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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