672 W 37th, San Pedro, CA 90731

Property Description

***50% Sale*** of a well-located 4-unit multifamily property in the highly desirable Point Fermin neighborhood of San Pedro. Constructed in 1956, the asset comprises approximately 3,288 square feet of improvements situated on a 6,400 square foot lot. The building features a consistent unit mix of four 2-bedroom, 1-bath units, offering efficient layouts and broad tenant appeal. The property provides stable in-place income with potential for rental growth and operational upside, supported by strong fundamentals in this coastal submarket. It represents a compelling opportunity for investors seeking to expand a portfolio with a well-positioned asset offering both current cash flow and long-term appreciation potential. Ideally located within walking distance of Point Fermin Park, the Korean Bell of Friendship, and scenic coastal bluff trails, the property benefits from a supply-constrained location that continues to drive consistent tenant demand and low vacancy. The property also offers convenient access to Cabrillo Beach, the San Pedro waterfront, and nearby retail and dining amenities, further enhancing its long-term desirability.