$2,695,000 - 3647 Stephen M White Drive, San Pedro

  • 0Beds
  • Baths
  • 7,548SQ. Feet
  • 0.25Acres

A once in a lifetime opportunity to own an 8-unit apartment building one block from the ocean! Location is key, this property is located on one of the prime streets of San Pedro, Stephen M White Drive, this property hits all the marks - great value, pride of ownership and a huge value add opportunity with huge developments coming to San Pedro with room for potential rent increases. Meticulously maintained each unit has been remodeled and most of the units feature ocean views and coastal breezes. This building has been retrofitted to meet city standards. With a gross rent multiplier of 14.2x gross and a 4.5% cap rate, you are getting an incredible value. The city of San Pedro is experiencing a huge wave of development including plans for a $150 million dollar redevelopment of the San Pedro Waterfront and the Ports O’ Call Village.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PV20057994
  • Price:$2,695,000
  • Bathrooms:0.00
  • Square Footage:7,548
  • Acres:0.25
  • Year Built:1958
  • Type:Residential Income
  • Status:Active Under Contract

Community Information

  • Address:3647 Stephen M White Drive
  • Area:Point Fermin (181)
  • City:San Pedro
  • County:Los Angeles
  • State:CA
  • Zip Code:90731

Amenities

  • Parking Spaces:9
  • # of Garages:5
  • Has Pool:Yes

Interior

  • Stories:Two

Exterior

  • Lot Description:6-10 Units/Acre

Additional Information

  • Date Listed:March 16th, 2020
  • Days on Market:74

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  • City:
    San Pedro
  • Price Range:
    $639,000 - $11,500,000
  • Current Listings:
    27
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $351
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Provided By: Nicole Pletkovich(02015236), Keller Williams Realty.

Based on information from California Regional Multiple Listing Service, Inc. as of May 30th, 2020 at 3:16am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.