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624 W 38th Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath

624 W 38th Street, San Pedro, California 90731 home-pic-0
ACTIVE$1,600,000
624 W 38th Street, San Pedro, California 90731
0Bed
0Bath
1,944Sqft
6,502Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-08-26. The sold price is $1,477,000.00.

Compared to the nearby listings

Price:$1.60M vs avg $1.10M (+$500,500)93%
Size:1,944 sqft vs avg 2,371 sqft36%
Price/sqft:$823 vs avg $42598%

More Insights

Built in 1918 (107 years old).
Condition: Despite being built in 1918, the property has been 'completely renovated down to the studs' with brand-new plumbing, electrical, furnace, flooring, kitchens, and bathrooms. The images confirm a modern, high-quality aesthetic throughout, featuring new stainless steel appliances, white shaker cabinets, light countertops, recessed lighting, and contemporary bathroom fixtures and tiling. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Year Built
1918
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$823
HOA
-
Days on market
-
Sold On
-
MLS number
SB25033598
Home ConditionExcellent
Features
Excellent View:
Patio
View-

About this home

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!

Nearby schools

7/10
White Point Elementary School
Public,•K-6•1.1mi
5/10
Leland Street Elementary School
Public,•K-6•1.2mi
5/10
Fifteenth Street Elementary School
Public,•K-5•1.4mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•1.9mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•2.0mi
4/10
Seventh Street Elementary School
Public,•K-5•2.3mi
2/10
Barton Hill Elementary School
Public,•K-6•2.5mi
5/10
Bandini Street Elementary School
Public,•K-6•2.6mi
5/10
Crestwood Street Elementary School
Public,•K-6•3.0mi
9/10
Park Western Place Elementary School
Public,•K-5•3.1mi
8/10
Mira Catalina Elementary School
Public,•K-5•3.3mi
9/10
Taper Avenue Elementary School
Public,•K-5•3.6mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•4.6mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•5.5mi
6/10
Harbor City Elementary School
Public,•K-5•5.8mi
4/10
Richard Henry Dana Middle School
Public,•6-8•1.5mi
8/10
Miraleste Intermediate School
Public,•6-8•3.5mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•4.1mi
6/10
Alexander Fleming Middle School
Public,•6-8•5.9mi
4/10
Hudson K-8
Public,•K-8•7.4mi
6/10
San Pedro Senior High School
Public,•9-12•1.5mi
5/10
Phineas Banning Senior High School
Public,•9-12•6.1mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•6.6mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•6.8mi
3/10
Cabrillo High School
Public,•9-12•7.2mi
8/10
Palos Verdes High School
Public,•9-12•8.9mi

Price History

Date
Event
Price
09/07/00
Sold
$305,000
05/12/97
Sold
$209,000
08/26/25
Sold
$1,477,000
02/21/24
Sold
$1,450,000
03/18/21
Sold
$815,000
Condition Rating
Excellent
Despite being built in 1918, the property has been 'completely renovated down to the studs' with brand-new plumbing, electrical, furnace, flooring, kitchens, and bathrooms. The images confirm a modern, high-quality aesthetic throughout, featuring new stainless steel appliances, white shaker cabinets, light countertops, recessed lighting, and contemporary bathroom fixtures and tiling. All components appear new or virtually new, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Exceptional Income Potential: As a completely renovated triplex, the property offers immediate market rents and significant cash flow potential, allowing for portfolio expansion or owner-occupancy with rental income.
Extensive Renovation: The property has been 'renovated down to the studs' with brand-new plumbing, electrical, furnace, flooring, kitchens, and bathrooms, making it fully move-in ready and minimizing immediate capital expenditures.
Value-Add Opportunity (ADUs): The expansive lot provides space to build two 800 sq. ft. ADUs, offering a clear path to unlock even greater rental income and increase overall property value.
Prime Coastal Location: Situated in the highly desirable Point Fermin area, moments from the ocean, beach, parks, waterfront dining, and the iconic Point Fermin Lighthouse, enhancing its appeal to tenants and investors.
Breathtaking Views: The spacious two-bedroom unit (Unit B) boasts breathtaking views of the port and coastline stretching from Palos Verdes to Malibu, adding a premium amenity.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-08-26. The sold price is $1,477,000.00.
Age of Original Structure: Despite extensive renovations, the property was originally built in 1918, which may raise concerns about the underlying foundation or other structural elements not explicitly detailed as replaced.
ADU Development Contingency: The potential for building ADUs is contingent on 'buyer to verify with the city,' indicating that the value-add opportunity is not guaranteed and requires significant due diligence and potential hurdles for the buyer.
Lack of Mentioned Dedicated Parking: The description does not specify dedicated parking for the triplex, which could be a significant drawback for tenants and impact rental desirability in a coastal area where parking is often at a premium.

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