3921 South Pacific Avenue

San Pedro, CA 90731

$2,130,000
Last Sold Price
7
Beds
10
Baths
7,174 Sq. Ft.
$297 / Sq. Ft.
7,174
Sq. Ft.
$297
per Sq. Ft.

Description

3921 South Pacific Avenue is an 8-unit multifamily investment property located in San Pedro, CA. Built in 1972, 3921 South Pacific Avenue offers an attractive mix of one, two, and three-bedroom floor plans. Property amenities include tuck-under parking and oversized garages, security doors, and an on-site laundry facility. Units feature vinyl, tile, and carpet flooring, private balconies, and granite countertops. The two oversized garages located at the subject property accommodate 4 cars each, providing...3921 South Pacific Avenue is an 8-unit multifamily investment property located in San Pedro, CA. Built in 1972, 3921 South Pacific Avenue offers an attractive mix of one, two, and three-bedroom floor plans. Property amenities include tuck-under parking and oversized garages, security doors, and an on-site laundry facility. Units feature vinyl, tile, and carpet flooring, private balconies, and granite countertops. The two oversized garages located at the subject property accommodate 4 cars each, providing a new owner the opportunity to increase an additional income stream or to build 2 accessory dwelling units (ADUs) through a garage conversion. 3921 South Pacific Avenue is situated in an optimal San Pedro location, just blocks from Cabrillo Beach and San Pedro’s Pacific Overlook. The property is located just under 2 miles from the ongoing West Harbor development, which is set to feature over 150,000 square feet of retail, restaurants, and entertainment, four acres of outdoor park and recreation space, and over 200,000 square feet of waterside featuring harborside excursions and attractions. Additionally, 3921 South Pacific Avenue is located just under 3 miles from the Port of Los Angeles, whose cargo represents approximately 20% of all cargo coming into the United States.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest

Property Details for 3921 South Pacific Avenue

Parking Spaces Total
15
Private Pool
No
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
7174
Assessor Parcel Number
7467-022-012
Property Attached YN
false

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Add your commute
LISTING UPDATED: 08/09/2023 03:53 AM

Property Details for 3921 South Pacific Avenue

StatusClosed
MLS #OC23074017
Days on Market83
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
CountyLos Angeles County

Building

3921 S Pacific Ave

3 StoriesBuilt in 1972

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Sold By Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Add your commute

Building Information for 3921 South Pacific Avenue

Building/Complex3921 S Pacific AveFloor-Stories3Residences-Pet Policy-Year Built1972Building Size-

Payment Calculator

$12,838 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,624

Property Taxes

$1,214

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3921 South Pacific Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $151,836
  • Gross Scheduled Income: $150,036
  • Vacancy Allowance: 4501
  • Gross Operating Income: $147,335
  • Net Operating Income: $82,342
  • Other Income Description: Miscellaneous
  • Other Income 1: $1,800
  • Financing: Cash To New Loan
Expense Details
  • Operating Expense: $64,993
  • New Taxes Expense: $29,080
  • Fuel Expense: $3,677
  • Electric Expense: $3,677
  • Insurance Expense: $5,143
  • Maintenance Expense: $4,800
  • Professional Management Expense: $5,000
  • Other Expense: $6,264
  • Other Expense Description: Misc
  • Trash Expense: $3,677
  • Water Sewer Expense: $3,677
  • Total Expenses: $64,993
Tax / Assessment Info
  • Tax Block: 4
  • Tax Tract Number: 297...
  • Tax Census Tract: 2976.01
  • CFD/Mello-Roos Fee: $1,264
  • Tax Lot: 12
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: First Floor
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 8
  • Uncovered Spaces: 1
  • Open Other Spaces Total: 1
  • Parking Garage Spaces: 8
  • Carport Spaces: 6
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,518
  • Unit Type Total Rent: $2,518
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,765
  • Unit Type Total Rent: $2,765
  • Unit Type Pro Forma: 3900
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,964
  • Unit Type Total Rent: $2,964
  • Unit Type Pro Forma: 4900
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $4,256
  • Unit Type Total Rent: $4,256
  • Unit Type Pro Forma: 6300
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 0

Property History for 3921 South Pacific Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3921 South Pacific Avenue

Taxable ValueLand$295,452Additions$812,910Total$1,108,362
Tax Record2023$14,569 ($1,214 / month)
Home Facts
Total Finished SqFt7,174 SqFtAbove Grade Finished SqFt7,174 SqFtLot Size6,251 SqFtStyleMulti-Family Res (5+ Units)Year Built1972ZoningLARD2CountyLOS ANGELESAPN7467-022-012

Schools near 3921 South Pacific Avenue

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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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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

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.