$1,349,000

Estimated payment $7,387/month

Total Views 1,639
8 Beds
4 Baths
4,216 Sq Ft
$320 Price per Sq Ft

About This Home

First time on the market in over 50 years! Nestled in the highly sought-after Point Fermin neighborhood, this neatly manicured four-unit apartment building offers a unique investment opportunity in one of the area's most desirable coastal communities. Each of the four units features two bedrooms and one bathroom and includes one parking space in a shared garage. The front, upper owner's unit will be delivered vacant, presenting an ideal opportunity for an owner-occupant or the ability to lease at current market rents. Residents also enjoy the convenience of on-site community laundry. Ideally located to enjoy refreshing ocean breezes, the property is just moments from Cabrillo Beach, Cabrillo Marina, Point Fermin Park, and Korean Bell of Friendship. It is also minutes from the transformative West Harbor waterfront redevelopment, bringing exciting new dining, entertainment, shopping and recreation to the San Pedro waterfront. With its prime coastal location and long-term appreciation potential, this is a property that rarely becomes available.

Listing Agent

Lucy Milivojevic

eXp Realty of Greater Los Angeles, Inc. Brokerage Phone: 310-901-1355 License #01757364 Listed on: 07/20/2026

eXp Realty of Greater Los Angeles, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 6,401 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 4,216 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Listing and Financial Details

  • Legal Lot and Block 7 / 1
  • Tax Tract Number 2976
  • Assessor Parcel Number 7467015008
  • $639 per year additional tax assessments

Community Details

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $635
  • Fuel Expense $458
  • Insurance Expense $4,613
  • Other Expense $427
  • Trash Expense $1,316
  • Water Sewer Expense $2,075
  • New Taxes Expense $16,862
  • Operating Expense $26,386
  • Gross Income $89,580
  • Net Operating Income $62,642

Additional Features

  • 4 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

6,401 Sq Ft Lot

Parking

4

Listing Details

  • CapRate: 4.60
  • Property Attached: Yes
  • Water Sewer Expenses: 2075.00
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7467015008
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Price Per Square Foot: 319.97

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Individual Room, Community
  • Sewer: Public Sewer
  • Trash Expense: 1316.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 6401.00
  • Lot Size Acres: 0.1469

Rental Info

  • Tenant Pays: Gas, Cable TV, Electricity

Multi Family

  • Electric Expense: 635.00
  • Fuel Expense: 458.00
  • Gross Income: 89580.00
  • Gross Operating Income: 89580.00
  • Gross Scheduled Income: 89028.00
  • Insurance Expense: 4613.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6401.0000 Square Feet
  • Net Operating Income: 62642.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 26386.00
  • Other Expense: 427.00
  • Other Expense Description: LAHD
  • Rent Control: Yes
  • Total Actual Rent: 4965.00
  • Total Expenses: 26386.00

Tax Info

  • New Taxes Expense: 16862.00
  • Tax Block: 1
  • Tax Lot: 7
  • Tax Tract Number: 2976.02
  • TaxOtherAnnualAssessmentAmount: 639.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $2,732 $186,989 $43,975 $143,014
2025 $2,732 $183,323 $43,113 $140,210
2024 $2,636 $179,729 $42,268 $137,461
2023 $2,594 $176,206 $41,440 $134,766
2022 $2,487 $172,752 $40,628 $132,124
2021 $2,432 $169,366 $39,832 $129,534
2019 $2,365 $164,344 $38,651 $125,693
2018 $2,258 $161,123 $37,894 $123,229
2016 $2,110 $154,868 $36,423 $118,445
2015 $2,082 $152,542 $35,876 $116,666
2014 $2,115 $149,555 $35,174 $114,381
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/20/2026 07/20/26 For Sale $1,349,000 -- $320 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed -- --
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB26157592

California Regional Multiple Listing Service (CRMLS)

APN: 7467-015-008

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