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3647 Stephen M White Drive, San Pedro

$ 2,695,000
3647 Stephen M White Drive,
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Property Description

A once in a lifetime opportunity to own an 8-unit apartment building one block from the ocean! Location is key, this property is located on one of the prime streets of San Pedro, Stephen M White, this property hits all the marks – great value, pride of ownership and a huge value add opportunity with huge developments coming to San Pedro with room for potential rent increases. Meticulously maintained each unit has been remodeled and most of the units feature ocean views and coastal breezes. This building has been retrofitted to meet city standards. With a gross rent multiplier of 14.2x gross and a 4.5% cap rate, you are getting an incredible value. The city of San Pedro is experiencing a huge wave of development including plans for a $150 million dollar redevelopment of the San Pedro Waterfront and the Ports O’ Call Village.



Address: 3647 Stephen M White Drive
Country: United States
Open In Google Maps
Property Id : 7673
Price: $ 2,695,000
Property Size: 7,548.00 ft2
Property Lot Size: 10,721.00 ft2
Bedrooms: 13
Bathrooms: 10
Year Built: 1958


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The Pike Outlets
(6.45 miles)The Pike Outlets
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(1.24 miles)Crafted At the Port of Los Angeles
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The Grand Emporium
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$ 10,449.05
per month
  • Principal and Interest
  • Property Tax
  • HOO fees
$ 10,449.05

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