721 West 39th Street

San Pedro, CA 90731

$1,850,000
Price
12
Beds
7
Baths
5,384 Sq. Ft.
$344 / Sq. Ft.
5,384
Sq. Ft.
$344
per Sq. Ft.

Description

We are pleased to present this rare coastal property seconds from the cliffs of the Pacific Ocean in a quite residential neighborhood. The property is comprised of 5 units three 2b1b units and two 3b2b units. The property has been soft story retrofitted, has new exterior railings, exterior paint, and has recently undergone an interior renovation on one of the three bedroom units. The average square feet of each unit is 1,076 and boast large floorplans. Tenants can enjoy walking the cliffsides, quite...We are pleased to present this rare coastal property seconds from the cliffs of the Pacific Ocean in a quite residential neighborhood. The property is comprised of 5 units three 2b1b units and two 3b2b units. The property has been soft story retrofitted, has new exterior railings, exterior paint, and has recently undergone an interior renovation on one of the three bedroom units. The average square feet of each unit is 1,076 and boast large floorplans. Tenants can enjoy walking the cliffsides, quite peaceful surroundings, and larger units which makes this an ideal investment property. A new owner can benefit from an estimated 36% upside in rents, a great quality piece of real estate, and solid returns.
  1. Listed by Jonathan Weir • DRE #02038545 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 721 West 39th Street

Zoning
LAR2
Parcel Number
7467021002
Total Units
5.0
Living Area
5384
Source Living Area
Vendor Enhanced
Area
Point Fermin (181)
Vacancy Rate
0
Lot Size Area
6101
LISTING UPDATED: 07/09/2024 02:26 PM

Property Details for 721 West 39th Street

StatusActive
MLS #24-403469
Days on Market157
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.14 AC / 6,101 SF
CountyLos Angeles County

Building Information for 721 West 39th Street

Stories2Residences-Year Built1964Building Size-Lot Size0.14 AC / 6,101 SF

Property Information for 721 West 39th Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $130,020
  • Net Operating Income: $79,496.00
  • Gross Income: $130,020
  • Gross Rent Multiplier: $14.23
  • Total Annual Expense: 46624
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1401
  • Lot Size Square Feet: 6101
  • Lot Size Dimensions: 50x122
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 5
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Garbage Disposal, Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-12-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,773.00
  • Unit Actual Rent: $2,773.00
  • Unit Projected Rent: $3,700.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,763.00
  • Unit Actual Rent: $1,763.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $821,100.00
  • Assessed Improvement Percent: 44.97
  • Assessed Land Value: $1,004,700.00
  • Assessed Land Percent: 55.03
  • Assessed Total Value: $1,825,800.00

Property History for 721 West 39th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 721 West 39th Street

Taxable ValueLand$1,024,794Additions$837,522Total$1,862,316
Tax Record2024$23,356 ($1,946 / month)
Home Facts
Total Finished SqFt5,384 SqFtAbove Grade Finished SqFt5,384 SqFtLot Size6,101 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR2CountyLOS ANGELESAPN7467-021-002

Schools near 721 West 39th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Leland Street Elementary School
PublicK to 5

Richard Henry Dana Middle School
Public6 to 8

San Pedro Senior High School
Public9 to 12

Point Fermin Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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721 West 39th Street is a multi-family home for sale in San Pedro, CA 90731. This property was listed for sale on June 10, 2024 by Marcus & Millichap, it's currently listed at $1,850,000. It has been on the market for a total of 157 days and was last sold on June 16, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Leland Street Elementary School, Richard Henry Dana Middle School and San Pedro Senior High School. 721 West 39th Street is a 12-bed, 7-bath, 5,384 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jonathan Weir, DRE #02038545

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.