3605 Stephen M White, San Pedro, CA 90731

San Pedro
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
3605 Stephen M White,San Pedro, CA 90731
$3,500,000
  • - Beds
  • - Baths
  • 9,356 sq. ft.
  • Multi-family
  • Pending
Listed by: jignesh (jack) patel, juan huizar
Office: sage real estate group inc562-400-7622
MLS#:RS26079930
Source:CRMLS

Price summary

  • Price:$3,500,000
  • Price per sq. ft.:$374.09

About this home

Located in the highly desirable Point Fermin coastal neighborhood of San Pedro, 3605 Stephen M. White Drive is a 16-unit multifamily property (15 legal units + 1 non-conforming studio) offering a rare opportunity to acquire a true coastal asset directly across from Cabrillo Beach. Available for the first time in decades, this generational offering presents investors with a unique chance to secure a well-located property in a tightly held submarket. This investment is currently being offered at a 4.91% Cap Rate and 11.26 GRM, with the opportunity to achieve a 7.31% Cap Rate and 8.66 GRM through a value-add program. A new owner can capitalize on approximately 22%+ upside in income by implementing strategic unit renovations, improving management, and turning over units to market rents . The property features a well-balanced unit mix along with on-site parking and select units that offer harbor and ocean views, creating strong tenant appeal. While the building requires capital...

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Home facts

  • Year built:1959
  • Listing ID #:RS26079930
  • Added:55 day(s) ago
  • Updated:June 09, 2026 at 07:32 AM

Rooms and interior

  • Living area:9,356 sq. ft.

Structure and exterior

  • Year built:1959
  • Building area:9,356 sq. ft.
  • Lot area:0.3 Acres
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$3,500,000
  • Price per sq. ft.:$374.09

Parking

  • Total parking spaces:12
  • Parking description:10 Carport Space(s)
  • Garage:Yes
  • Garage spaces:2
  • Carport spaces:10
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