624 W 38th St San Pedro, CA 90731
Estimated payment $9,176/month
Total Views
8,438
4
Beds
4
Baths
1,944
Sq Ft
$772
Price per Sq Ft
Highlights
- Lawn
- Laundry Room
- Electric Fireplace
- Park
- Heating Available
About This Home
Rare 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!
Listing Agent
Keller Williams Los Angeles Brokerage Phone: 818-730-2985 License #02244322 Listed on: 06/12/2025
Co-Listing Agent
Keller Williams Los Angeles Brokerage Phone: 818-730-2985 License #02096917
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,703
Year Built
- Built in 1918
Lot Details
- 6,502 Sq Ft Lot
- No Common Walls
- Lawn
Parking
- 2 Car Garage
Home Design
- Triplex
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
- 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
Map
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Home Values in the Area
Average Home Value in this Area
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 |
| 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)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,450,000 | Provident Title Company | |
| Grant Deed | $815,000 | Fidelity Natl Ttl Co Torranc | |
| 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 | $1,087,500 | New Conventional | |
| Previous Owner | $773,100 | New Conventional | |
| Previous Owner | $340,000 | Unknown | |
| Previous Owner | $315,000 | Unknown | |
| Previous Owner | $300,000 | Unknown | |
| Previous Owner | $289,750 | No Value Available | |
| Previous Owner | $30,000 | Unknown | |
| Previous Owner | $198,550 | No Value Available |
Source: Public Records
Similar Homes in the area
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25132186
APN: 7467-014-028
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.
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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