672 W 37th St San Pedro, CA 90731
Highlights
- Park
- Laundry Room
- 4-minute walk to Angels Gate Park
- San Pedro Senior High School Rated A-
About This Home
***50% Sale*** of a well-located 4-unit multifamily property in the highly desirable Point Fermin neighborhood of San Pedro. Constructed in 1956, the asset comprises approximately 3,288 square feet of improvements situated on a 6,400 square foot lot. The building features a consistent unit mix of four 2-bedroom, 1-bath units, offering efficient layouts and broad tenant appeal.
The property provides stable in-place income with potential for rental growth and operational upside, supported by strong fundamentals in this coastal submarket. It represents a compelling opportunity for investors seeking to expand a portfolio with a well-positioned asset offering both current cash flow and long-term appreciation potential.
Ideally located within walking distance of Point Fermin Park, the Korean Bell of Friendship, and scenic coastal bluff trails, the property benefits from a supply-constrained location that continues to drive consistent tenant demand and low vacancy. The property also offers convenient access to Cabrillo Beach, the San Pedro waterfront, and nearby retail and dining amenities, further enhancing its long-term desirability.
Listing Agent
Fredericks Realty,Broker Brokerage Phone: 310-951-9479 License #01903928 Listed on: 03/17/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1956
Lot Details
- 6,403 Sq Ft Lot
- No Common Walls
- Sprinklers on Timer
Parking
- 4 Car Garage
- Parking Available
- Front Facing Garage
- Driveway
- Assigned Parking
Home Design
- Quadruplex
- Entry on the 2nd floor
Interior Spaces
- 3,288 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 16 / 12
- Tax Tract Number 14
- Assessor Parcel Number 7467012016
- $618 per year additional tax assessments
- Seller Considering Concessions
Community Details
Recreation
- Park
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $75
- Insurance Expense $600
- Trash Expense $600
- Water Sewer Expense $150
- Operating Expense $1,425
- Gross Income $97,560
- Net Operating Income $96,360
Additional Features
- 4 Units
- Laundry Facilities
Map
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 | $2,163 | $143,611 | $44,835 | $98,776 |
| 2024 | $2,163 | $140,796 | $43,956 | $96,840 |
| 2023 | $2,129 | $138,037 | $43,095 | $94,942 |
| 2022 | $2,045 | $135,331 | $42,250 | $93,081 |
| 2021 | $2,002 | $132,678 | $41,422 | $91,256 |
| 2019 | $1,950 | $129,245 | $40,195 | $89,050 |
| 2018 | $1,846 | $126,721 | $39,407 | $87,314 |
| 2016 | $1,730 | $121,322 | $37,878 | $83,444 |
| 2015 | $1,708 | $119,501 | $37,310 | $82,191 |
| 2014 | $1,740 | $117,161 | $36,580 | $80,581 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/17/2026 03/17/26 | For Sale | $625,000 | -- | $190 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | First Southwestern Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $194,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: IN26058256
APN: 7467-012-016
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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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