Home | Los Angeles County | San Pedro | 90731 | 3605 Stephen M White
MLS: CRRS26079930 | Status: | Price: $3,500,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 13,008 | 1959 |
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 improvements, it presents a compelling opportunity for an investor to reposition and significantly enhance the property’s performance over time. Ideally situated near Cabrillo Beach, the Marina, and the rapidly evolving $500M West Harbor redevelopment, the property benefits from both immediate lifestyl
| Field | Value |
|---|---|
| MLS # | CRRS26079930 |
| MLS Source | California Regional MLS |
| Days on Site | 8 |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 2 Car(s) |
| Listing Agent | Co-Listing Agent |
|---|---|
| Jignesh Patel | Juan Huizar |
| Sage Real Estate Group Inc | |
| License #: 01941349 | License #: 01417642 |
| Phone: (213) 453-2572 | Phone: – |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
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This listing information is up-to-date as of April 22, 2026. For the most current information, please contact Jignesh Patel, (213) 453-2572.