About 3621 Pacific Avenue
Price just reduced $250,000! Located in the charming Point Fermin/Palisades neighborhood of San Pedro, 3621 South Pacific is an 4-story, 18 unit multifamily property available for sale for the first time in nearly 23 years! This investment opportunity is being offered at a 6.27% Cap Rate and 8.56 GRM – at an enticing cost per unit of only $138,889 (after May increases). A new owner has the ability to step into an already cashflowing asset with further upside potential of approximately 22%! The property features a unit mix of (6) one bedroom units and (12) studio units, several of which have large, forward facing windows with terrific views of the pacific ocean. Current ownership has always been attentive with staying ahead of capex work and the building is in good shape. The building is close to Cabrillo Beach, the Marina, as well as the brand new West Harbor redevelopment! The immediate area is filled with many terrific retail and entertainment options as well as basic amenities for tenants to take advantage of. San Pedro is known for it's small-town atmosphere and many family-owned businesses, with unique architecture, shops, hotels, restaurants, art galleries, studios, theaters, entertainment and more!
Features of 3621 Pacific Avenue
| MLS® # | SB25067550 |
|---|---|
| Price | $2,500,000 |
| Sold Price | $2,500,000 |
| Bedrooms | 1 |
| Bathrooms | 2.00 |
| Lot Sqft | 6,876 |
| Acres | 0.16 |
| Year Built | 1929 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Closed |
| # Of Units | 18 |
Community Information
| Address | 3621 Pacific Avenue |
|---|---|
| Area | 181 - Point Fermin |
| City | San Pedro |
| County | Los Angeles |
| Zip Code | 90731 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 4 |
Exterior
| Lot Description | Rectangular Lot |
|---|
Additional Information
| Date Listed | March 27th, 2025 |
|---|---|
| Date Sold | September 23rd, 2025 |
| Days on Market | 88 |
| Zoning | LARD2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Josh Cohen |
|---|---|
| Office | Keller Williams South Bay |