Rare Opportunity! Attention Homebuyers and Investors - Don't miss this amazing home for sale. A perfect blend of comfort and potential. Completely renovated down to the studs and better than new, this stunning corner triplex in the highly desirable Point Fermin area of San Pedro offers exceptional income potential. Sitting on a corner lot just moments from the ocean, this property offers two sleek one-bedroom, one-bath units (Units A and C) on the first floor and a spacious two-bedroom, two-bath unit with an upstairs (Unit B) with breathtaking views of the port and coastline stretching from Palos Verdes to Malibu. Every inch has been meticulously upgraded with brand-new plumbing, electrical, furnace, flooring, kitchens, and bathrooms, making it completely move-in ready. The expansive lot also presents an incredible value-add opportunity with space to build two 800 sq. ft. ADUs (buyer to verify with the city), unlocking even more rental income potential. Perfectly positioned just moments from the beach, parks, waterfront dining, and the iconic Point Fermin Lighthouse, this fully turnkey investment allows you to establish market rents immediately or expand for even greater returns. A rare opportunity to own a high-performing property in one of Los Angeles’ most promising coastal neighborhoods. Whether you’re looking to maximize cash flow, expand your portfolio, or live in one unit while renting out the others, this is the ultimate investment in coastal LA real estate. Don’t miss this rare opportunity!
Sold for $1,485,000
Listed by: Keller Williams Westside Estates • Sendi Khatcheressian • Contact: 818-730-2985
Bought with: KDM Realty Group
$1,485,000
624 W 38th St, San Pedro, CA 90731
4beds
4baths
1,944sqft
Triplex
Built in 1918
-- sqft lot
$1,405,700 Zestimate®
$764/sqft
$3,177 Estimated rent
Home value
$1,405,700
$1.28M - $1.55M
$3,177/mo
Zestimate® history
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Brand-new plumbingSleek one-bedroom one-bath unitsExpansive lotCorner lotSpacious two-bedroom two-bath unit
Zillow last checked:
Listing updated:
Listed by:
Sendi Khatcheressian DRE #02244322 818-730-2985,
Keller Williams Westside Estates,
Dylan Ellis DRE #02096917 310-867-9317,
Keller Williams Studio City
Bought with:
Katharine Meier, DRE #01780997
KDM Realty Group
Source: CRMLS,MLS#: SB25132186
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Electric
Cooling
- None
Appliances
- Included: Dryer
- Laundry: Inside, In Garage
Features
- Flooring: Laminate
- Has fireplace: Yes
- Fireplace features: Electric
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,944
- Total interior livable area: 1,944 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Entry location: Front door
- Pool features: None
Lot
- Size: 6,502 Square Feet
- Features: Lawn
Details
- Parcel number: 7467014028
- Zoning: LAR1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1918
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park
Location
- Region: San Pedro
Financial & listing details
- Price per square foot: $764/sqft
- Tax assessed value: $1,479,000
- Annual tax amount: $18,001
- Date on market: 6/12/2025
- Cumulative days on market: 128 days
- Listing terms: Cash,Conventional,1031 Exchange
- Inclusions: Washer and Dryer, Stove, Refrigerator, Microwave
- Lease term: 12 Months
- Total actual rent: 7300
- Tenant pays: Electricity, Gas, Insurance, Water
Price history
| Date | Event | Price |
|---|---|---|
| 8/26/2025 | Sold | $1,485,000-1%$764/sqft |
Source:  CRMLS #SB25132186 Report a problem | ||
| 7/12/2025 | Contingent | $1,499,999$772/sqft |
Source: CRMLS #SB25132186 Report a problem | ||
| 6/13/2025 | Listed for sale | $1,499,999+3.4%$772/sqft |
Source: CRMLS #SB25132186 Report a problem | ||
| 2/27/2024 | Sold | $1,450,000-7.9%$746/sqft |
Source: CRMLS #SB23184798 Report a problem | ||
| 1/17/2024 | Contingent | $1,575,000$810/sqft |
Source: CRMLS #SB23184798 Report a problem | ||
| 1/10/2024 | Price change | $1,575,000-1.5%$810/sqft |
Source: CRMLS #SB23184798 Report a problem | ||
| 12/8/2023 | Price change | $1,599,000-11.2%$823/sqft |
Source: CRMLS #SB23184798 Report a problem | ||
| 10/10/2023 | Listed for sale | $1,800,888+121%$926/sqft |
Source: CRMLS #SB23184798 Report a problem | ||
| 3/18/2021 | Sold | $815,000+28.7%$419/sqft |
Source: Public Record Report a problem | ||
| 9/29/2020 | Sold | $633,500+107.7%$326/sqft |
Source: Public Record Report a problem | ||
| 9/7/2000 | Sold | $305,000+45.9%$157/sqft |
Source: Public Record Report a problem | ||
| 5/12/1997 | Sold | $209,000-21.3%$108/sqft |
Source: Public Record Report a problem | ||
| 11/26/1996 | Sold | $265,571$137/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $18,001 +68.2% | $1,479,000 +71% |
| 2024 | $10,703 +2% | $864,883 +2% |
| 2023 | $10,497 +4.9% | $847,926 +2% |
| 2022 | $10,010 +29% | $831,300 +31.1% |
| 2021 | $7,757 +7.8% | $634,000 +10.4% |
| 2020 | $7,194 | $574,244 +2% |
| 2019 | $7,194 +4.9% | $562,986 +2% |
| 2018 | $6,856 | $551,948 +2% |
| 2017 | $6,856 +2.2% | $541,127 +2% |
| 2016 | $6,707 +2.5% | $530,517 +1.5% |
| 2015 | $6,545 +0.9% | $522,549 +2% |
| 2014 | $6,489 | $512,314 +40% |
| 2012 | -- | $365,891 +2% |
| 2011 | -- | $358,717 +0.8% |
| 2010 | -- | $356,038 -0.2% |
| 2009 | -- | $356,885 +2% |
| 2008 | -- | $349,888 +2% |
| 2007 | -- | $343,028 +2% |
| 2006 | -- | $336,303 |
| 2005 | -- | $336,303 +4% |
| 2004 | -- | $323,245 +1.9% |
| 2003 | -- | $317,322 +2% |
| 2002 | -- | $311,100 +40.5% |
| 2000 | -- | $221,471 |
Find assessor info on the county website
Neighborhood: San Pedro
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Nearby schools
GreatSchools rating
- 6/10Leland Street Elementary SchoolGrades: K-5Distance: 1.2 mi
- 4/10Richard Henry Dana Middle SchoolGrades: 6-8Distance: 1.5 mi
- 7/10San Pedro Senior High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$1,405,700
Get a cash offer in 3 minutes
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Estimated market value
$1,405,700
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