721 W 39th St - Apartments FOR SALE


San Pedro, CA 90731- Coastal San Pedro
$1,675,000 USD
707-225-2402
721 W 39th St, San Pedro, CA for Sale
$1,675,000 USD
Apartments - FOR SALE
1/14
null | 5.13% Cap Rate

721 W 39th St
San Pedro, CA 90731
Coastal San Pedro


HIGHLIGHTS

  • Rare, Coastal Property
  • Average Unit Size 1,076 SQFT
  • Estimated 36% Upside
  • All Two and Three Bedroom Units
  • 2-Car Garage and Front Yard Space

OVERVIEW

We are pleased to present a rare coastal investment opportunity located just moments from the cliffs of the Pacific Ocean in a quiet, residential neighborhood. This well-maintained multifamily property consists of five spacious units—three 2-bedroom, 1-bath units and two 3-bedroom, 2-bath units—with an average unit size of 1,076 square feet. The property has undergone significant upgrades, including soft-story seismic retrofitting, new exterior railings, fresh exterior paint, and a recently renovated interior in one of the 3-bedroom units. Residents enjoy the peaceful surroundings and close proximity to scenic cliffside walking paths, creating a highly desirable living environment. With a projected 36% upside in rental income, this asset presents a compelling opportunity for investors seeking a high-quality, income-generating property with strong long-term potential.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$311 USD /SF

# OF UNITS

5

PRICE/UNIT

$335,000

CAP RATE

5.13%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,101 SF

ZONING

R2

APN/PARCEL ID

7467-021-002

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.