Point Fermin (181) Homes with Covered Parking features

Point Fermin (181) Homes with Covered Parking features

Welcome to Point Fermin, a hidden gem nestled in the picturesque San Pedro, California. This charming coastal neighborhood is renowned for its stunning ocean views, historic landmarks, and a vibrant community atmosphere that makes it an ideal place to call home. With the majestic Point Fermin Lighthouse as a backdrop, residents enjoy a blend of natural beauty and rich maritime history.

Point Fermin is not just about scenic vistas; it also offers a variety of homes that cater to modern living needs. One of the standout features of many properties in this area is covered parking. Imagine the convenience of stepping out of your vehicle and into your home, sheltered from the sun or rain. This thoughtful amenity is particularly valuable in Southern California, where the weather can be both beautiful and unpredictable. Whether you own a classic convertible or a family SUV, having covered parking ensures your vehicle remains protected and well-maintained.

The neighborhood itself boasts easy access to local parks, walking trails, and the iconic Cabrillo Beach, making it perfect for outdoor enthusiasts. Families will appreciate the nearby schools and community centers, fostering a sense of belonging among residents. With its unique blend of coastal charm and modern conveniences, Point Fermin is not just a place to live; it’s a lifestyle waiting to be embraced. Explore the homes of Point Fermin today, and discover your perfect sanctuary by the sea!

Newest Point Fermin (181) Homes with Covered Parking features

$1,300,000
8 Beds ⋅ 4 Baths ⋅ 26870919 MLS ⋅ Active Status
We are pleased to present the exclusive offering of 2404 S Carolina St, a well-maintained coastal multifamily investment located in the desirable San Pedro submarket. This exceptional asset represents an attractive opportunity to acquire a 4-unit apartment community in one of Southern California's established coastal rental markets. Originally constructed in 1957, the property consists of approximately 3,672 rentable square feet situated on a 6,092 square foot lot. Residents enjoy ocean views from the property, further enhancing its desirability and tenant appeal. Ideally situated in the Point Fermin neighborhood, the property is near the San Pedro waterfront, Cabrillo Beach, Point Fermin, West Harbor, and a variety of restaurants, retail, and entertainment destinations, offering residents a desirable coastal lifestyle with convenient access to the broader South Bay and Los Angeles markets. Additional amenities include in-unit washers and dryers, four covered parking spaces, and a shared outdoor patio. The property has also benefited from significant recent capital improvements, including a completely repaired foundation, new PEX plumbing throughout the building, five new electrical panels, new exterior paint, and extended gutters. Both upstairs units have been fully renovated, providing a strong foundation for continued property performance. The property is currently operating at a 6.23% capitalization rate and an 11.63 GRM, offering investors an attractive combination of current cash flow and future upside. Additional value-add potential can be realized through renovations to the downstairs units and strategic rent increases, allowing a new owner to enhance rental income and overall property performance. Potential ADU development may provide additional upside, subject to applicable zoning and permitting requirements. Buyer to verify all ADU development potential, requirements, and feasibility. Offered at $1,300,000, 2404 S Carolina St provides investors with an opportunity to acquire a well-maintained coastal multifamily asset at an attractive basis, with a combination of current income, recent capital improvements, and future value-add potential. The property's desirable San Pedro location, ocean views, parking, in-unit laundry, and proximity to ongoing waterfront revitalization position it as an attractive investment opportunity with potential for long-term income growth and appreciation.

2404 S Carolina Street, San Pedro

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.