672 W 37th, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
Analysis of 672 W 37th, San Pedro, California 90731 is currently available with a list price of $625,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Pedro Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1956, this multi-family property is in functional but dated condition. Interior images reveal original-style wood cabinetry, laminate countertops, and older white appliances in the kitchens, along with vintage tiling and fixtures in the bathrooms. While the hardwood flooring appears to be in decent shape and the units are habitable, the presence of older wall heaters and a lack of modern updates to major systems and aesthetics align with the 'fair' classification for an aged but maintained property.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Situated in the highly desirable Point Fermin neighborhood, the property is within walking distance of scenic coastal trails, Point Fermin Park, and Cabrillo Beach, ensuring high tenant demand and low vacancy.
The building features a consistent layout of four 2-bedroom, 1-bathroom units, which is a highly marketable configuration that appeals to a broad range of tenants and simplifies management.
The listing specifies a '50% Sale,' which implies a partial interest acquisition rather than fee simple ownership, potentially complicating traditional financing and future management control.
Built in 1956, the property may require capital expenditures for deferred maintenance or system upgrades to meet modern standards and maintain its competitive edge in the submarket.
***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.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades K-6 • 1.1 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,288 | 2,338.5 | 72% |
| Lot Size | 6,403 | 5,199 | 72% |
| Price | $625.0K | $985.0K | 7% |
| Price per sq ft | $190 | $462 | 2% |
| Built year | 1956 | 1928 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 36 | 210 | 2% |
Mar 17, 2026
$625,000
Initial Listing