721 W 39th Street, San Pedro, CA 90731

About this property

We are pleased to present a rare coastal investment opportunity located just moments from the cliffs of the Pacific Ocean in a quiet, residential neighborhood. This well-maintained multifamily property consists of five spacious units three 2-bedroom, 1-bath units and two 3-bedroom, 2-bath units with an average unit size of 1,076 square feet. The property has undergone significant upgrades, including soft-story seismic retrofitting, new exterior railings, fresh exterior paint, and a recently renovated interior in one of the 3-bedroom units. Residents enjoy the peaceful surroundings and close proximity to scenic cliffside walking paths, creating a highly desirable living environment. With a projected 36% upside in rental income, this asset presents a compelling opportunity for investors seeking a high-quality, income-generating property with strong long-term potential.

Listing description from the January 2026 sale, as reported to CRMLS.

Sale history

$1,620,000

Sold January 2026 · listed $1,645,000, orig. $1,675,000, on market May 2025 · MLS #25544867 · Source: CRMLS

Listing Office: Marcus & Millichap · Contact: 424-405-3900 · Bought with: Stephen Haw · Keller Williams Palos Verdes

$1,790,000

Sold June 2022 · listed $1,798,000, on market April 2022 · MLS #SB22070363 · Source: CRMLS

Listing Agent: Connor Vartanian · Listing Office: Keller Williams Beach Cities · Contact: 310-939-9300 · Bought with: Connor Vartanian · Keller Williams Beach Cities

$1,405,000

Sold September 2020 · listed $1,650,000, on market February 2020 · MLS #SB20039729 · Source: CRMLS

Listing Agent: Fred DiBernardo · Listing Office: Fred DiBernardo · Contact: 310-832-4572 · Bought with: Fred DiBernardo · Fred DiBernardo

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