$2,500,000
PENDING $250K PRICE DROP

3621 S Pacific Ave Los Angeles, CA 90731

Estimated payment $15,820/month

Total Views 12,461
1 Bed
2 Baths
12,678 Sq Ft
$197 Price per Sq Ft

About This Home

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!

Listing Agent

Joshua Cohen

Keller Williams South Bay Brokerage Phone: 310-480-2130 License #01346713 Listed on: 03/27/2025

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 6,876 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 12,678 Sq Ft Home
  • 4-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 15 / 1
  • Tax Tract Number 15
  • Assessor Parcel Number 7467015016
  • $1,803 per year additional tax assessments

Community Details

Building Details

  • Rent Control
  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Other Expense $143,874
  • Operating Expense $143,874
  • Gross Income $292,075
  • Net Operating Income $156,696

Additional Features

  • 18 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • CapRate: 6.27
  • Price Per Unit: 138889
  • Property Attached: Yes
  • Zoning: LARD2
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7467015016
  • Year Built: 1929
  • Special Features: None

Interior Features

  • Stories: 4
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 197.19

Exterior Features

  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 6876.00
  • Lot Size Acres: 0.1579

Multi Family

  • Gross Income: 292075.00
  • Gross Multiplier: 8.56
  • Gross Scheduled Income: 304872.00
  • Lot Size Area: 6876.0000 Square Feet
  • Net Operating Income: 156696.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 18
  • Operating Expense: 140875.00
  • Other Expense: 143874.00
  • Other Expense Description: Contact
  • Other Income Description: Contact for more inc/exp info
  • Rent Control: Yes
  • Total Expenses: 143874.00
  • Vacancy Allowance: 7302

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 2976.02
  • Tax Lot: 15
  • Tax Tract Number: 15
  • TaxOtherAnnualAssessmentAmount: 1803.00

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2025 06/23/25 Pending -- -- --
05/14/2025 05/14/25 Price Changed $2,500,000 -9.1% $197 / Sq Ft
03/27/2025 03/27/25 For Sale $2,750,000 -- $217 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25067550

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Los Angeles 90731

3621 S Pacific Ave, Los Angeles, CA

This home is located at 3621 S Pacific Ave, Los Angeles, CA 90731 and is currently priced at $2,500,000, approximately $197 per square foot. This property was built in 1929. 3621 S Pacific Ave is a home located in Los Angeles County with nearby schools including Leland Street Elementary School, Dana Middle School, and San Pedro Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Joshua Cohen
Listing Agent
Joshua Cohen
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Keller Williams South Bay
(424) 487-4808