721 W 39th St Active Save Request In-Person Tour Request Virtual Tour
San Pedro,CA 90731
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,384 sqft
Price per Sqft $311
MLS Listing ID 25544867
Bedrooms 12
Year Built 1964
Lot Size 6,101 Sqft
Property Sub-Type Multi-Family
Property Description
We are pleased to present a rare coastal investment opportunity located just moments from the cliffs of the Pacific Ocean in a quiet, residential neighborhood. This well-maintained multifamily property consists of five spacious units three 2-bedroom, 1-bath units and two 3-bedroom, 2-bath units with an average unit size of 1,076 square feet. The property has undergone significant upgrades, including soft-story seismic retrofitting, new exterior railings, fresh exterior paint, and a recently renovated interior in one of the 3-bedroom units. Residents enjoy the peaceful surroundings and close proximity to scenic cliffside walking paths, creating a highly desirable living environment. With a projected 36% upside in rental income, this asset presents a compelling opportunity for investors seeking a high-quality, income-generating property with strong long-term potential.
Location
State CA
County Los Angeles
Area Point Fermin
Zoning LAR2
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Garbage Disposal, Range/Oven, Refrigerator
Exterior
Parking Features Garage
Garage Spaces 5.0
Building
Story 2
Others
Special Listing Condition Standard