S
Seller's Agent in 2025
Sendi Khatcheressian
Keller Williams Los Angeles
(310) 482-2200
1 in this area
2 Total Sales
624 W 38th St San Pedro, CA 90731
4
Beds
4
Baths
1,944
Sq Ft
6,502
Sq Ft Lot
Highlights
- Lawn
- Park
- Heating Available
- San Pedro Senior High School Rated A-
- Laundry Room
- Electric Fireplace
About This Home
As of August 2025Rare 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!
Last Agent to Sell the Property
Keller Williams Los Angeles Brokerage Phone: 818-730-2985 License #02244322 Listed on: 06/12/2025
Co-Listed By
Keller Williams Los Angeles Brokerage Phone: 818-730-2985 License #02096917
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1918
Lot Details
- 6,502 Sq Ft Lot
- No Common Walls
- Lawn
Parking
- 2 Car Garage
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 1,944 Sq Ft Home
- 2-Story Property
- Electric Fireplace
- Laminate Flooring
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Dryer
Utilities
- Heating Available
Listing and Financial Details
- Tenant pays for electricity, gas, insurance, water
- Legal Lot and Block 27 / 2
- Tax Tract Number 2
- Assessor Parcel Number 7467014028
Community Details
Overview
- 3 Units
Recreation
- Park
Building Details
- 3 Leased Units
- Rent Control
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 3 Separate Water Meters
- Electric Expense $900
- Gardener Expense $960
- Professional Management Expense $4,500
- Water Sewer Expense $900
- Operating Expense $7,260
- Gross Income $87,600
- Net Operating Income $80,340
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 12, 2025
Closed on
Aug 1, 2025
Sold by
Roman Guillermo A
Bought by
Swesa Properties Llc
Seller's Agent
Sendi Khatcheressian
Keller Williams Los Angeles
Buyer's Agent
Katharine Meier
KDM Realty Group
List Price
$1,499,999
Sold Price
$1,485,000
Premium/Discount to List
-$14,999
-1%
Views
18
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,004
Avg. Annual Appreciation
-8.37%
Original Mortgage
$1,107,750
Outstanding Balance
$1,103,090
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$335,906
Purchase Details
Listed on
Oct 10, 2023
Closed on
Jan 22, 2024
Sold by
Fm Property Holdings Llc
Bought by
Roman Guillermo A
Seller's Agent
Joseph Nuzzolo
Thompson Team Real Estate, Inc.
List Price
$1,800,888
Sold Price
$1,450,000
Premium/Discount to List
-$350,888
-19.48%
Views
78
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.60%
Original Mortgage
$1,087,500
Interest Rate
6.66%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 17, 2020
Sold by
Palacios Daren and Estate Of Jay Robert Hern
Bought by
Redwood Holdings Llc
Purchase Details
Closed on
Jul 27, 2017
Sold by
Palacios Daren
Bought by
Wilkerson Phyllis
Purchase Details
Closed on
Aug 21, 2000
Sold by
Bleser John
Bought by
Hern Jay R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,750
Interest Rate
8.29%
Purchase Details
Closed on
Apr 2, 1997
Sold by
Citizens Business Bank
Bought by
Bleser John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,550
Interest Rate
7.98%
Purchase Details
Closed on
Nov 26, 1996
Sold by
Chavez Juanita G
Bought by
Citizens Business Bank
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,477,000 | Usa National Title | |
| Grant Deed | $1,450,000 | Provident Title Company | |
| Trustee Deed | $633,500 | Synrgo Inc | |
| Deed | -- | None Available | |
| Grant Deed | $305,000 | First American Title Co | |
| Grant Deed | $209,000 | Commonwealth Land Title Co | |
| Trustee Deed | $265,571 | Northern Counties Title Ins |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,107,750 | New Conventional | |
| Previous Owner | $1,087,500 | New Conventional | |
| Previous Owner | $289,750 | No Value Available | |
| Previous Owner | $198,550 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/26/2025 08/26/25 | Sold | $1,485,000 | -1.0% | $764 / Sq Ft | |
| 06/12/2025 06/12/25 | For Sale | $1,499,999 | +3.4% | $772 / Sq Ft | |
| 02/27/2024 02/27/24 | Sold | $1,450,000 | -7.9% | $746 / Sq Ft | View Prior Sale |
| 01/10/2024 01/10/24 | Price Changed | $1,575,000 | -1.5% | $810 / Sq Ft | |
| 12/08/2023 12/08/23 | Price Changed | $1,599,000 | -11.2% | $823 / Sq Ft | |
| 10/10/2023 10/10/23 | For Sale | $1,800,888 | +121.0% | $926 / Sq Ft | |
| 03/18/2021 03/18/21 | Sold | $815,000 | -9.3% | $419 / Sq Ft | View Prior Sale |
| 02/23/2021 02/23/21 | Pending | -- | -- | -- | |
| 02/02/2021 02/02/21 | For Sale | $899,000 | -- | $462 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $10,703 | $1,479,000 | $1,020,000 | $459,000 |
| 2024 | $10,703 | $864,883 | $636,724 | $228,159 |
| 2023 | $10,497 | $847,926 | $624,240 | $223,686 |
| 2022 | $10,010 | $831,300 | $612,000 | $219,300 |
| 2021 | $7,757 | $634,000 | $434,000 | $200,000 |
| 2020 | $7,194 | $574,244 | $401,973 | $172,271 |
| 2019 | $6,914 | $562,986 | $394,092 | $168,894 |
| 2018 | $6,856 | $551,948 | $386,365 | $165,583 |
| 2016 | $6,545 | $530,517 | $371,363 | $159,154 |
| 2015 | $6,451 | $522,549 | $365,785 | $156,764 |
| 2014 | $6,489 | $512,314 | $358,620 | $153,694 |
Source: Public Records
Agents Affiliated with this Home
-
Sendi Khatcheressian
-
Dylan Ellis
D
Seller Co-Listing Agent in 2025
Dylan Ellis
Keller Williams Los Angeles
(252) 305-3296
1 in this area
11 Total Sales
-
Katharine Meier
Buyer's Agent in 2025
Katharine Meier
KDM Realty Group
(310) 490-0214
1 in this area
33 Total Sales
-
Joseph Nuzzolo
Seller's Agent in 2024
Joseph Nuzzolo
Thompson Team Real Estate, Inc.
(310) 546-6300
1 in this area
158 Total Sales
-
Peter Hazdovac
Seller's Agent in 2021
Peter Hazdovac
HH Coastal Real Estate
(310) 739-9743
74 in this area
114 Total Sales
-
Michael Harper
Seller Co-Listing Agent in 2021
Michael Harper
HH Coastal Real Estate
(310) 698-7899
69 in this area
115 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25132186
APN: 7467-014-028
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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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