3605 Stephen M White, San Pedro, CA 90731
Karl Kyler
Karl Kyler

Agent | License ID: 01439839

+1(619) 829-2908

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$ 3,000,000

$ 3,500,000 14.3%

Est. payment | /mo

3 Beds

3 Baths

0.3 Acres Lot

$ 3,000,000

$ 3,500,000 14.3%

Est. payment | /mo

3 Beds

3 Baths

0.3 Acres Lot

Key Details

Sold Price $3,000,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID RS26079930

Sold Date 06/26/26

Bedrooms 3

Lot Size 0.299 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Located in the highly desirable Point Fermin coastal neighborhood of San Pedro, 3605 Stephen M. White Drive is a 16-unit multifamily property (15 legal units + 1 non-conforming studio) offering a rare opportunity to acquire a true coastal asset directly across from Cabrillo Beach. Available for the first time in decades, this generational offering presents investors with a unique chance to secure a well-located property in a tightly held submarket. This investment is currently being offered at a 4.91% Cap Rate and 11.26 GRM, with the opportunity to achieve a 7.31% Cap Rate and 8.66 GRM through a value-add program. A new owner can capitalize on approximately 22%+ upside in income by implementing strategic unit renovations, improving management, and turning over units to market rents . The property features a well-balanced unit mix along with on-site parking and select units that offer harbor and ocean views, creating strong tenant appeal. While the building requires capital improvements, it presents a compelling opportunity for an investor to reposition and significantly enhance the propertys performance over time. Ideally situated near Cabrillo Beach, the Marina, and the rapidly evolving $500M West Harbor redevelopment, the property benefits from both immediate lifestyle appeal and long-term growth drivers. San Pedro continues to attract renters seeking a coastal lifestyle at a more accessible price point, supported by strong employment hubs at the Port of Los Angeles and surrounding industries. This is a unique opportunity to acquire a coastal Los Angeles asset at an attra

Location

State CA

County Los Angeles

Zoning Assessor

Direction 110 South exit Gaffey St turn left, left on 34th st, Right on Pacific Ave, Left on Stephen M White Drive.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7467017001

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

MLS Router / San Diego MLS
Listed by Jignesh (Jack) Patel, DRE#01941349 Sage Real Estate Group Inc 
Bought with General NONMEMBER NONMEMBER MRML
Karl Kyler

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 829-2908

karlismyrealtor@gmail.com

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3605 Stephen M White