648 W 36th, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$1,250,000
648 W 36th, San Pedro, California 90731
0Bed
0Bath
1,904Sqft
5,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Investment Property: This property is an income-producing triplex, offering a clear opportunity for investors seeking a residential income asset.
Top Cons:
Age of Construction: Built in 1955, the property may require significant capital expenditure for updates to systems (plumbing, electrical) and interiors to meet modern tenant expectations and maximize rental income.
Compared to the nearby listings
Price:$1.25M vs avg $1.10M (+$150,500)60%
Size:1,904 sqft vs avg 2,371 sqft33%
Price/sqft:$657 vs avg $42588%
More Insights
Built in 1955 (70 years old).
Condition: Built in 1955, this triplex shows signs of recent updates, making it move-in ready. The kitchen features newer stainless steel appliances, a modern faucet, recessed lighting, and updated wood-look tile flooring. However, the kitchen cabinets are dated (honey oak style). The bedroom also displays updated wood-look tile, fresh paint, and a modern ceiling fan. While not a full, top-to-bottom modern renovation, the property is well-maintained with functional systems and significant cosmetic updates, fitting the 'Good' category for a rental property.
Year Built
1955
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$657
HOA
-
Days on market
-
Sold On
-
MLS number
RS25231455
Home ConditionGood
Features
Patio
View-
About this home
Exceptional Multi-Home Investment Opportunity in Point Fermin Discover a rare chance to own an income-producing triplex in the highly sought-after Point Fermin neighborhood—just moments from the beach, marina, parks, restaurants, and local shopping. This well-located property combines strong current rental income with long-term appreciation potential in one of the South Bay’s most desirable coastal communities. Each unit features separate utility meters and individual garages, providing added convenience and value for both owners and tenants. An ideal addition to any investment portfolio, this property delivers the perfect balance of location, stability, and future growth opportunity. Seller may consider carrying depending on the down payment and terms.
Nearby schools
7/10
White Point Elementary School
Public,•K-6•1.0mi
5/10
Leland Street Elementary School
Public,•K-6•1.1mi
5/10
Fifteenth Street Elementary School
Public,•K-5•1.3mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•1.8mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•1.9mi
4/10
Seventh Street Elementary School
Public,•K-5•2.2mi
2/10
Barton Hill Elementary School
Public,•K-6•2.4mi
5/10
Bandini Street Elementary School
Public,•K-6•2.4mi
5/10
Crestwood Street Elementary School
Public,•K-6•2.9mi
9/10
Park Western Place Elementary School
Public,•K-5•2.9mi
8/10
Mira Catalina Elementary School
Public,•K-5•3.2mi
9/10
Taper Avenue Elementary School
Public,•K-5•3.5mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•4.5mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•5.4mi
6/10
Harbor City Elementary School
Public,•K-5•5.7mi
4/10
Richard Henry Dana Middle School
Public,•6-8•1.3mi
8/10
Miraleste Intermediate School
Public,•6-8•3.4mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.9mi
6/10
Alexander Fleming Middle School
Public,•6-8•5.8mi
4/10
Hudson K-8
Public,•K-8•7.3mi
6/10
San Pedro Senior High School
Public,•9-12•1.4mi
5/10
Phineas Banning Senior High School
Public,•9-12•5.9mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•6.4mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•6.7mi
3/10
Cabrillo High School
Public,•9-12•7.1mi
8/10
Palos Verdes High School
Public,•9-12•8.8mi
Price History
Date
Event
Price
06/19/15
Sold
$695,000
12/02/02
Sold
$410,000
Condition Rating
Good
Built in 1955, this triplex shows signs of recent updates, making it move-in ready. The kitchen features newer stainless steel appliances, a modern faucet, recessed lighting, and updated wood-look tile flooring. However, the kitchen cabinets are dated (honey oak style). The bedroom also displays updated wood-look tile, fresh paint, and a modern ceiling fan. While not a full, top-to-bottom modern renovation, the property is well-maintained with functional systems and significant cosmetic updates, fitting the 'Good' category for a rental property.
Pros & Cons
Pros
Multi-Unit Investment Property: This property is an income-producing triplex, offering a clear opportunity for investors seeking a residential income asset.
Prime Coastal Location: Situated in the highly sought-after Point Fermin neighborhood, it's moments from the beach, marina, parks, restaurants, and local shopping, enhancing tenant appeal and property value.
Operational Efficiency for Multi-Units: Each unit benefits from separate utility meters and individual garages, simplifying management for the owner and adding convenience for tenants.
Strong Income & Appreciation Potential: The property is highlighted for its strong current rental income and long-term appreciation potential in a desirable coastal community.
Flexible Financing Option: The seller's willingness to consider carrying financing, depending on terms, offers a potentially attractive and accessible purchasing option for buyers.
Cons
Age of Construction: Built in 1955, the property may require significant capital expenditure for updates to systems (plumbing, electrical) and interiors to meet modern tenant expectations and maximize rental income.
Absence of Detailed Financials: While advertised as income-producing, the listing lacks specific details on current rental income, expenses, or cap rates, making it difficult for investors to immediately assess profitability.
Limited Information on Current Condition: The description does not detail the current condition of the units or any recent renovations, suggesting potential for deferred maintenance or necessary cosmetic upgrades.