Backup offers
$10,000 Closing Credit¹
#SB25028591, Stephen Lampe, Listing Office: Re/Max Commercial & Investment
#SB25067550·
Listing office: Keller Williams South Bay·
Listing agent: Josh Cohen·
Listing office phone: 310-480-2130
$2,750,000 List price
3621 S Pacific Ave San Pedro, CA 90731
0.2 acres
Condo
Property details
About 3621 S Pacific Ave
Located in the charming Point Fermin/Palisades neighborhood of San Pedro, 3621 South Pacific is an 4-story, 18 unit multifamily property available for sale for the first time in nearly 23 years! This investment opportunity is being offered at a 5.59% Cap Rate and 9.42 GRM – at an enticing cost per unit of only $152,778 (after May increases). A new owner has the ability to step into an already cashflowing asset with further upside potential of approximately 22%! The property features a unit mix of (6) one bedroom units and (12) studio units, several of which have large, forward facing windows with terrific views of the pacific ocean. Current ownership has always been attentive with staying ahead of capex work and the building is in good shape. The building is close to Cabrillo Beach, the Marina, as well as the brand new West Harbor redevelopment! The immediate area is filled with many terrific retail and entertainment options as well as basic amenities for tenants to take advantage of. San Pedro is known for it's small-town atmosphere and many family-owned businesses, with unique architecture, shops, hotels, restaurants, art galleries, studios, theaters, entertainment and more!
Highlights
Home typeCondominium
StatusActive
Lot size0.1579 Acres
Year built1929
MLS #SB25067550
Summary
- Private Pool: No
- List Price: $2,750,000
- Annual Tax Amount: $17,837
- Tax Year: 2024
- Lot: Rectangular Lot
- Directions: On Pacific Ave
- Year Built: 1929
- Stories: 4
- Lot Size: 0.1579 Acres
- MLS Number: SB25067550
- MLS Name: CRMLS
- Office Name: Keller Williams South Bay
- Office Phone: (310) 480-2130
- Listing Agent: Josh Cohen
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2025, 7:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,750,000
3621 S Pacific Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 17, 2002 | Home Sold | $921,500 |
| Jun 15, 1999 | Home Sold | $670,000 |
| Nov 03, 1995 | Home Sold | $525,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,336,590 | $17,837 |
| 2023 | $1,310,436 | $17,520 |
| 2022 | $1,284,795 | $16,759 |
| 2021 | $1,259,657 | $16,492 |
| 2020 | $1,244,079 | $16,030 |
| 2019 | $1,219,686 | $15,929 |
| 2018 | $1,195,771 | $15,564 |
| 2017 | $1,172,326 | $15,564 |
History based on county public records data.
Nearby schools
6
Point Fermin Elementary School
Public District KG-5
0.2 mi
•3333 S Kerckhoff Ave
5
Leland Street Elementary
Public District KG-6
1.2 mi
•2120 S Leland St
6
White Point Elementary School
Public District KG-5
1.2 mi
•1410 Silvius Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $71,980. Typical income of San Pedro, CA residents is between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
13%
<35k
60%
35k-100k
23%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Doctorate
What types of families live nearby?
55%
Single, No Kids
11%
Single, with Kids
22%
Married, No Kids
12%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
6%
12-17 yrs old
18%
18-34 yrs old
49%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Art Museums
Live Theatre
Where do the neighbors shop?
Banana Republic
Bloomingdales
Nordstrom Rack
Where do the neighbors go to eat?
Jack In The Box
Starbucks
Boston Market
What do the neighbors drive?
Toyota
Audi
Mercedes
What do the neighbors listen to?
Jazz
News
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 3621 S Pacific Ave
The listing price of 3621 S Pacific Ave property is $2,750,000.
The property 3621 S Pacific Ave is a condo located in San Pedro, California, 90731.
Active Listing: 3621 S Pacific Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3621 S Pacific Ave are: Point Fermin Elementary School (GreatSchools Rating 6/10), Leland Street Elementary (GreatSchools Rating 5/10), White Point Elementary School (GreatSchools Rating 6/10), Dana Middle School (GreatSchools Rating 4/10), Miraleste Intermediate School (GreatSchools Rating 9/10), Dodson Middle School (GreatSchools Rating 8/10), Angel's Gate (Continuation) (GreatSchools Rating 1/10), San Pedro High School (GreatSchools Rating 6/10), Port of los Angeles High School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $17,837 (source: MLS/based on county public records data).
The last sale was on May 17, 2002 for $921,500 (source: MLS/tax record).
The property at 3621 S Pacific Ave has 0 bathroom.
The year of construction for 3621 S Pacific Ave is 1929.
This home is located at 3621 S Pacific Ave in San Pedro, CA and zip code 90731 in the Point Fermin neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 28, 2025 and is currently priced at $2,750,000.
While more than 395 listings in San Pedro, CA in April 2025 were sold above asking price, there were more than 148 listings sold at asking price, and more than 328 were sold below. The inventory of homes for sale in San Pedro, CA between March and April 2025 increased by 10.2%. Listings spent 36 days on the market in April 2025, and had a median list price of $896,516 during the same period.
From Rocket Homes Real Estate and based on county public records data.