Property Details
About this Property
Price just reduced $250,000! 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 6.27% Cap Rate and 8.56 GRM – at an enticing cost per unit of only $138,889 (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!
MLS Listing Information
MLS #
CRSB25067550
MLS Source
California Regional MLS
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
3621 S Pacific Ave is a Residential Income in San Pedro, CA 90731. This – square foot property sits on a 6,876 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,500,000 and was built in 1929. This address can also be written as 3621 S Pacific Ave, San Pedro, CA 90731.
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This listing information is up-to-date as of September 24, 2025. For the most current information, please contact Josh Cohen, (310) 480-2130
