Point Fermin (181) Homes with Two Levels Stories

POINT FERMIN 3-UNIT RESIDENTIAL INCOME PROPERTY | $10,000/MONTH POTENTIAL Rare opportunity to own a fully permitted three-unit residential income property in desirable Point Fermin, San Pedro, just blocks from the Pacific. This coastal compound offers strong income potential, flexible living arrangements, abundant parking, and an upgraded primary residence on a private 6,101-square-foot lot. Projected gross rental income is $120,000 annually, offering an opportunity for investors, owner-users, multigenerational buyers, or anyone seeking to offset housing costs with rental income. The primary residence is a beautifully appointed Swiss Craftsman with an open floor plan, rich maple hardwood floors, an elegant living room with a gas fireplace, a formal dining area, and a chef's kitchen with custom soft-close cabinetry, quartz countertops, a bespoke island, and stainless-steel appliances. The spacious great room opens through a charming Dutch door to the private backyard. The luxurious primary suite features a private balcony, fireplace, oversized custom walk-in closet, and a spa-inspired bathroom with a clawfoot tub, walk-in shower, and chandelier. A dedicated laundry room with a washbasin adds convenience. The detached two-story structure provides two additional permitted residential units. The approximately 500-square-foot upper studio has a full bath and is currently rented for $1,850/month. The lower unit offers additional permitted living space for rental income or personal use. The configuration provides multiple revenue streams and flexibility to occupy one unit while renting the others, lease all three, or accommodate extended and multigenerational living. Buyer to independently verify rents, expenses, permits, square footage, and income projections. Parking includes a detached two-car garage, deep driveway, alley access, and additional space suitable for a boat or RV—a significant advantage in coastal San Pedro. The private backyard features mature landscaping, lush ivy-covered walls, built-in seating, and a gas BBQ. Located near Cabrillo Beach, Point Fermin Park, the Korean Friendship Bell, coastal trails, restaurants, shopping, and the Pacific, this is an uncommon opportunity to acquire a permitted three-unit residential income property in a coveted coastal neighborhood.

526 W 40th, San Pedro

$1,100,000

4 Beds ⋅ 2 Baths ⋅ PV26209599 MLS ⋅ Active Status

Discover this beautifully reimagined property in charming Point Fermin, where thoughtful renovations and modern upgrades create an ideal investment opportunity. Both units were rebuilt down to the studs and completely remodeled, offering the feel and functionality of a brand-new property. The front house has been thoughtfully expanded with additional square footage, while the former garage has been converted into a fully completed ADU completed in 2024. Extensive improvements throughout the property include new electrical systems, insulation, drywall, roofing, stucco, air-conditioning units, and driveways, along with the added convenience of EV chargers for both units.Designed with flexibility and independence in mind, each unit has its own gas and electrical meter, with only the water meter shared between the two. Whether you're looking for a multi-generational living arrangement, supplemental rental income, or a strong investment opportunity in one of San Pedro's most distinctive neighborhoods, this property offers an exceptional combination of modern updates, functionality, and location. **Both the front house and ADU are tenant occupied. Please do not disturb**

2641 S Kerckhoff Avenue, San Pedro

$1,488,000

PV26204292 MLS ⋅ Active Status

FRONT UNIT WITH PRIVATE PATIIO AND PANORAMIC OCEAN AND HARBOR VIEWS WILL BE DELIVERED VACANT! Perfect for owner occupied. Fantastic investment opportunity in the heart of historic Point Fermin! This charming four-plex is ideally situated on a quiet, tree-lined residential street just moments from schools, shopping, dining, and major transportation routes. Point Fermin is one of San Pedro’s most desirable neighborhoods, known for its coastal beauty, community feel, and proximity to parks and the Cabrillo beach waterfront. The property is fully occupied, offering strong income flow and low-maintenance. Two one bedroom, one bath. One two bedroom, one bath and one two bedroom, two bathrooms. All in good shape with current monthly income at $8,265. Improvements since 2000 - new sewer line and exterior paining, new permanent wood pergola on deck, new water wise landscaping. All units have hardwood floors. Each unit features convenient in-unit laundry hook-ups, and there are four parking spaces located at the rear of the property. Whether you're a seasoned investor or looking to start your portfolio in a thriving coastal community, this is a must-see!

545 W 36th Street, San Pedro

$1,295,000

3 Beds ⋅ 2 Baths ⋅ SB26189203 MLS ⋅ Active Under Contract Status

A rare opportunity awaits in one of San Pedro’s most desirable residential areas. Situated on an expansive 6,101-square-foot lot, this two-story, three-bedroom, two-bath home offers approximately 2,388 square feet of living space and exceptional potential for a buyer ready to create their dream home. The functional floor plan features two bedrooms and one bathroom on the main level, with a spacious primary suite located upstairs. Enjoy spectacular views of Cabrillo Beach right from your front yard, and take advantage of being just one block from Paseo Del Mar, where you can enjoy breathtaking views of the Pacific Ocean. The property is also conveniently located near shopping, dining, parks, entertainment, and, best of all, the beach. The property offers a large backyard, a wood deck, and an in-ground fiberglass spa. Whether you envision a stunning renovation or a thoughtful redesign, 456 W. 40th Street offers the location, lot size, views, and opportunity to bring your vision to life. Bring your imagination, your contractor, and your vision—this home is ready for its next chapter.

456 W 40th, San Pedro

$895,000

3 Beds ⋅ 3 Baths ⋅ NP26191913 MLS ⋅ Active Status

Coastal San Pedro living just blocks from the ocean! Located in the Point Fermin area, this light-filled 3-bedroom, 3-bath home offers nearly 2,000 square feet with an open, airy layout and ocean views. The main living space is surrounded by windows and opens to a balcony, bringing in natural light and coastal breezes, while the remodeled kitchen features quartz countertops, stainless steel appliances and plenty of space to gather. Two bedrooms are located on the main level, offering flexibility for guests, family or a home office. Upstairs, the spacious primary suite feels like its own retreat with a private balcony, ocean views and an ensuite bath with dual vanities, soaking tub and separate shower. Wood flooring, recessed lighting and multiple outdoor spaces add to the home's relaxed coastal feel. Set in one of San Pedro's most distinctive neighborhoods near Point Fermin Park, Cabrillo Beach, the Korean Friendship Bell and the waterfront, this is an incredible opportunity to own a coastal home at a compelling value.

2911 S Pacific, San Pedro

$899,000

SB26188559 MLS ⋅ Active Status

INVESTMENT OPPORTUNITY IN SAN PEDRO! Welcome to 580 W. 22nd Street, a fully occupied 4-unit apartment building prominently situated on a corner lot at W. 22nd Street and Grand Avenue. This income-producing property provides an opportunity for investors seeking an established multifamily asset with existing tenants and immediate rental income with upside potential. The property consists of four 1-bedroom, 1-bath units within approximately 2,912 SF of building area on a 5,401 SF lot with oversized parking lot. All four units are currently occupied and the property is being sold with the existing tenants in place. The building features separately metered gas and electricity, helping simplify utility management, along with tandem off-street parking. Located in San Pedro's Point Fermin area, the property offers convenient access to the waterfront, harbor, marina, shopping, dining and major transportation routes. The corner-lot configuration and established four-unit use make this an attractive opportunity for a long-term multifamily investor looking to add a South Bay/Harbor Area income property to their portfolio.100% Occupied • 4 Units • Corner Lot • Oversized Parking Lot with Tandem Parking for 8 Vehicles • Future Upside on Monthly Rental Income • Separately Metered Gas & Electric.

580 W 22nd Street, San Pedro

$1,300,000

8 Beds ⋅ 4 Baths ⋅ 26870919 MLS ⋅ Active Status

We are pleased to present the exclusive offering of 2404 S Carolina St, a well-maintained coastal multifamily investment located in the desirable San Pedro submarket. This exceptional asset represents an attractive opportunity to acquire a 4-unit apartment community in one of Southern California's established coastal rental markets. Originally constructed in 1957, the property consists of approximately 3,672 rentable square feet situated on a 6,092 square foot lot. Residents enjoy ocean views from the property, further enhancing its desirability and tenant appeal. Ideally situated in the Point Fermin neighborhood, the property is near the San Pedro waterfront, Cabrillo Beach, Point Fermin, West Harbor, and a variety of restaurants, retail, and entertainment destinations, offering residents a desirable coastal lifestyle with convenient access to the broader South Bay and Los Angeles markets. Additional amenities include in-unit washers and dryers, four covered parking spaces, and a shared outdoor patio. The property has also benefited from significant recent capital improvements, including a completely repaired foundation, new PEX plumbing throughout the building, five new electrical panels, new exterior paint, and extended gutters. Both upstairs units have been fully renovated, providing a strong foundation for continued property performance. The property is currently operating at a 6.23% capitalization rate and an 11.63 GRM, offering investors an attractive combination of current cash flow and future upside. Additional value-add potential can be realized through renovations to the downstairs units and strategic rent increases, allowing a new owner to enhance rental income and overall property performance. Potential ADU development may provide additional upside, subject to applicable zoning and permitting requirements. Buyer to verify all ADU development potential, requirements, and feasibility. Offered at $1,300,000, 2404 S Carolina St provides investors with an opportunity to acquire a well-maintained coastal multifamily asset at an attractive basis, with a combination of current income, recent capital improvements, and future value-add potential. The property's desirable San Pedro location, ocean views, parking, in-unit laundry, and proximity to ongoing waterfront revitalization position it as an attractive investment opportunity with potential for long-term income growth and appreciation.

2404 S Carolina Street, San Pedro

$1,195,000

PW26161519 MLS ⋅ Active Status

*** Excellent Investment Opportunity *** A massive 2-story Building that boasts 3,346 sq/ft of living space on at 5,000 sq/ft Lot. Very Close proximity to Harbor Views. This Tri-plex is a Wonderful Investment Opportunity to add to your portfolio or get started with Rental Income Property. 3 Units Total- 1. 3-bedroom, 2-bathroom unit, 2. 2-bedroom, 1-bathroom unit, and 3. 2-bedroom, 1-bathroom unit. A parking Structure that all 3 units can park their Cars in. A Beautiful Building and Wonderfully Landscaped. AGENTS- BRING YOUR CLIENTS AND INVESTORS AND DON'T MISS OUT ON THIS EXCELLENT INVESTMENT OPPORTUNITY. A MUST SEE........MORE LIKE A GREAT BUY!

734 W 27th, San Pedro

$799,000

3 Beds ⋅ 2 Baths ⋅ OC26148278 MLS ⋅ Active Under Contract Status

Exceptional opportunity to own a home in one of South San Pedro's most desirable coastal neighborhoods! Located directly across from historic Fort MacArthur, this 3-bedroom, 2-bathroom home offers 1,482 square feet of living space and is ready for your personal vision. A highly desirable floor plan features one bedroom and one full bathroom on the main level, providing flexibility for guests, multigenerational living, or a home office. The home offers spacious living areas, a single-car garage, additional off-street parking, and a private gated backyard perfect for entertaining, gardening, or relaxing. Ideally situated just minutes from the beach, Point Fermin Park, Cabrillo Beach, and the scenic coastline, this home is also conveniently located only two blocks from the local elementary school. Whether you're an investor, contractor, or buyer looking to renovate and make it your own, this fixer-upper presents an outstanding opportunity to create your dream home in a prime coastal location. Bring your vision and unlock the potential of this South San Pedro gem. Homes in this sought-after neighborhood rarely become available, making this an exceptional opportunity to invest in the coastal lifestyle.

3209 S Pacific Avenue, San Pedro

$1,399,900

SB26126483 MLS ⋅ Active Status

Huge $50K reduction in price!! Great opportunity to own a truly unique coastal property and an outstanding investment opportunity. This exceptional home must be seen in person to fully appreciate all it has to offer. This exceptional and spacious property offers approximately 3,060 sq. ft. of living space, thoughtfully designed for both comfortable living and outstanding investment potential. The residence features a beautifully constructed two-story rear home completed in April 2018, offering approximately 2,028 sq. ft., while the front residence, approximately 1,032 sq. ft., is the original home that was extensively upgraded in the 1990s and has been recently refreshed with numerous improvements, including fresh interior paint, new ceiling fans, updated light fixtures, and new vertical blinds. The front house includes a fully paid solar system. Enjoy refreshing harbor breezes and maritime views from the upper deck of the rear residence as well as from the charming front porch of the front home. This move-in-ready property combines newer construction, timeless character, and flexible living arrangements — making it ideal for multi-generational living, rental income potential, or owner-occupancy with additional income opportunities. Additional highlights include an oversized detached 4-car garage with convenient alley access, plus an additional 1-car garage with direct access into the front home’s kitchen. With its unique layout, generous parking, coastal atmosphere, and strong versatility, this rare property presents an outstanding opportunity for both homeowners and investors alike. A truly special property you do not want to miss!

662 W 31st, San Pedro

$1,399,900

6 Beds ⋅ 6 Baths ⋅ SB26101646 MLS ⋅ Active Status

Huge $50K reduction in price!! Great opportunity to own a truly unique coastal property and an outstanding investment opportunity. This exceptional home must be seen in person to fully appreciate all it has to offer. This exceptional and spacious property offers approximately 3,060 sq. ft. of living space, thoughtfully designed for both comfortable living and outstanding investment potential. The residence features a beautifully constructed two-story rear home completed in April 2018, offering approximately 2,028 sq. ft., while the front residence, approximately 1,032 sq. ft., is the original home that was extensively upgraded in the 1990s and has been recently refreshed with numerous improvements, including fresh interior paint, new ceiling fans, updated light fixtures, and new vertical blinds. The front house includes a fully paid solar system. Enjoy refreshing harbor breezes and maritime views from the upper deck of the rear residence as well as from the charming front porch of the front home. This move-in-ready property combines newer construction, timeless character, and flexible living arrangements — making it ideal for multi-generational living, rental income potential, or owner-occupancy with additional income opportunities. Additional highlights include an oversized detached 4-car garage with convenient alley access, plus an additional 1-car garage with direct access into the front home’s kitchen. With its unique layout, generous parking, coastal atmosphere, and strong versatility, this rare property presents an outstanding opportunity for both homeowners and investors alike. A truly special property you do not want to miss!

662 W 31st, San Pedro

$3,600,000

PV26046318 MLS ⋅ Active Status

Perched dramatically on the bluff overlooking iconic Cabrillo Beach, in one of the best parts of San Pedro, this extraordinary coastal triplex offers unobstructed ocean views and the soothing sound of crashing waves from every level. Originally constructed as high-end condominiums, the property reflects superior design, thoughtful layouts, and quality finishes rarely found in traditional income property. Each spacious residence lives like a private luxury home, featuring its inviting fireplace, elegant wet bar, and washer & dryer —perfect for entertaining while enjoying sweeping Pacific vistas. Expansive windows and private outdoor spaces capture breathtaking sunrises, ocean breezes, and panoramic shoreline views stretching along the coast. A truly rare offering, the property includes an exceptional 14-car garage—ideal for car collectors, storage, or additional income potential. A great building with minimal maintenance and easy management. An unparalleled opportunity to own a trophy bluff-top asset where location, luxury, and lifestyle converge—just moments from the sand, the marina, the new West Harbor Waterfront development, the new cruise ship terminal and many other coastal amenities. A rare opportunity that doesn't come along often - coastal bluff top living at its finest.

3935 Bluff Place, San Pedro

Point Fermin (181) Homes with Two Levels Stories

Newest Point Fermin (181) Homes with Two Levels Stories