Point Fermin (181) Homes with Detached Carport Parking features

Point Fermin (181) Homes with Detached Carport Parking features

Welcome to Point Fermin, a charming coastal community nestled in the heart of San Pedro, California. This picturesque neighborhood is known for its stunning ocean views, historic landmarks, and a laid-back lifestyle that perfectly captures the essence of Southern California living. The area is rich in culture and history, with the iconic Point Fermin Lighthouse standing as a testament to its maritime heritage. The nearby Point Fermin Park offers scenic walking trails, picnic spots, and breathtaking vistas of the Pacific Ocean, making it a favorite destination for both locals and visitors alike.

As you explore the real estate options in Point Fermin, you'll find a delightful array of homes that cater to various lifestyles and preferences. One standout feature of many properties in this charming neighborhood is the availability of detached carport parking. This thoughtful addition not only provides convenience but also enhances the overall functionality of your living space. Imagine coming home to a well-maintained carport, offering protection from the elements and easy access to your home.

Living in Point Fermin means embracing a vibrant community atmosphere while enjoying the tranquility of coastal living. With its proximity to the bustling Port of Los Angeles and easy access to major highways, residents can enjoy a perfect blend of serenity and convenience. Whether you’re a first-time homebuyer or looking to settle into a picturesque coastal retreat, Point Fermin offers a unique opportunity to experience the best of San Pedro living. Discover your dream home in this enchanting neighborhood today!

Newest Point Fermin (181) Homes with Detached Carport 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.