Point Fermin (181) Homes with West Direction faces

Welcome to Point Fermin, a hidden gem nestled in the picturesque city of San Pedro, California, within the vibrant Los Angeles County. This charming coastal neighborhood is renowned for its breathtaking ocean views, stunning sunsets, and a rich historical tapestry that adds to its unique charm. The area is home to the iconic Point Fermin Lighthouse, which stands as a testament to the region's maritime heritage, inviting residents and visitors alike to explore its storied past.

Homes in Point Fermin are particularly sought after for their west-facing orientations, allowing residents to bask in the warm glow of the setting sun. Imagine unwinding on your patio with a glass of wine, watching the sky transform into a canvas of vibrant oranges and purples as the sun dips below the horizon. The allure of these west-facing homes is not just in their scenic views; it’s also about the lifestyle they offer. With the Pacific Ocean just a stone's throw away, residents enjoy easy access to sandy beaches, scenic walking trails, and the invigorating ocean breeze that fills the air.

Point Fermin is also a community that values both tranquility and engagement. With nearby parks, local eateries, and cultural attractions, there’s always something to explore. Whether you’re a first-time homebuyer or looking to invest in a serene coastal retreat, Point Fermin presents an irresistible opportunity to embrace the Southern California lifestyle. Discover your dream home in this enchanting neighborhood today, where every sunset feels like a personal masterpiece.

Newest Point Fermin (181) Homes with West Direction faces

$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.