714 W 38th, San Pedro, CA 90731
Los Angeles County
Key Facts
Description
Opportunities like this are becoming increasingly rare. Located in the heart of the highly sought-after POINT FERMIN neighborhood, 714 W. 38th Street offers the unique combination of an EXTENSIVELY UPDATED RESIDENCE, an approximately 6,500 SF R2-ZONED LOT, EXISTING OCEAN VIEWS, refreshing COASTAL BREEZES, and exceptional REDEVELOPMENT POTENTIAL in one of Southern California's most desirable seaside communities. From the moment you arrive, you'll appreciate the OCEAN VIEWS from the front of the property and the cool COASTAL BREEZES that define the Point Fermin lifestyle. The expansive rear portion of the lot also enjoys OCEAN VIEWS, creating an exceptional opportunity to thoughtfully design future improvements that further enhance VIEW CORRIDORS and maximize the property's remarkable COASTAL SETTING (Buyer to verify all development possibilities with the City of Los Angeles.) Unlike a VACANT LAND ACQUISITION, the existing residence provides immediate flexibility as a PRIMARY RESIDENCE, RENTAL PROPERTY, or HOLDING ASSET while redevelopment plans are explored. Whether your vision is to create LUXURY COASTAL RESIDENCES, a MULTIGENERATIONAL FAMILY COMPOUND, or a LONG-TERM INVESTMENT, the generous lot size, favorable R2 ZONING, and existing improvements provide multiple pathways to LASTING VALUE. Ideally situated just moments from POINT FERMIN PARK, CABRILLO BEACH, ROYAL PALMS BEACH, CABRILLO MARINA, the KOREAN FRIENDSHIP BELL, and the transformative WEST HARBOR WATERFRONT REDEVELOPMENT, the property is positioned to benefit from billions of dollars in public and private investment that continue to reshape SAN PEDRO into one of Southern California's premier coastal destinations. Whether you're a DEVELOPER, INVESTOR, BUILDER, or OWNER-USER with a long-term vision, this is more than the purchase of a home; it's the opportunity to secure an irreplaceable COASTAL PROPERTY in one of Los Angeles' most SUPPLY-CONSTRAINED WATERFRONT NEIGHBORHOODS. *Please refer to the attached Offering Memorandum supplement for additional property information, including a link to city documents.
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Structure Type
House
Year Built
1952
Stories
1
Living Area
950 sq ft
Lot Size
0.15 acres
Garage Spaces
2
Parking Spaces
2
Days on Market
1
MLS® Listing#
PW26149569
Property Features
Interior
Appliances
Cooling
Flooring
Fireplace
Pool
Parking
Laundry
Patio
Lot Features
Security
Other Structures
Community
Utilities
Sewer
Water Source
Rooms
- Bathroom
- Bedroom
- Bonus Room
- Kitchen
- Kitchen
- Laundry
- Living Room
- Workshop
Financial Details
HOA
None
Parcel Number
7467012040
Directions
38th Between Carolina & Gaffey
Affordability Calculator
$190,000
Estimated monthly payment
$5,056/mo
Principal $760,000 · Est. interest $1,060,268 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in San Pedro, CA
- $985,506
- Median Listing Price
- 69
- Median Days on Market
- 1,430
- Median Sq Ft
- $665
- Median Price / Sq Ft
- 8,621
- Active Listings
- This home’s price is 4% below the area median.
- Its price per sq ft is 50% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in San Pedro, CA.
Location
Points of Interest in San Pedro, CA
Showing the San Pedro area map.
Nearby Schools
Point Fermin Elementary School
Elementary · 0.3 mi away
San Pedro Wilmington Early Ed Ctr
School · 0.4 mi away
San Pedro High School - Olguin Campus
Secondary · 0.6 mi away
White Point Elementary School
Elementary · 1.0 mi away
Leland Street Elementary School
Elementary · 1.2 mi away
Fifteenth Street Elementary School
Elementary · 1.4 mi away
Dana Middle School
Secondary · 1.4 mi away
San Pedro High School
Secondary · 1.5 mi away
Alliance Alice M Baxter College Ready High School
Secondary School · 1.8 mi away
Cabrillo Avenue Elementary
Elementary · 1.9 mi away
Merry-Go-Round Nursery School
School · 1.9 mi away
Mary Star of the Sea Elementary School
Elementary · 1.9 mi away
South Shores Elementary School
Elementary · 2.0 mi away
Port of Los Angeles High School
Secondary · 2.2 mi away
Trinity Lutheran Church
School · 2.2 mi away
Holy Trinity Catholic Church
School · 2.5 mi away
Barton Hill Elementary
Elementary · 2.5 mi away
Bandini Street Elementary School
Elementary · 2.6 mi away
Harbor Occupational Center
School · 2.8 mi away
Brighter Days Montessori School
Elementary · 2.9 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2501 Jubilee Lane, San Jose, CA | $665,000 | 2 | 2 | 966 |
| 2501 Jubilee Lane, SAN JOSE, CA | $665,000 | 2 | — | 966 |
| 88 Bush Street 2178, SAN JOSE, CA | $665,000 | 1 | — | 841 |
| 88 Bush Street, San Jose, CA | $665,000 | 1 | 2 | 841 |
| 11477 Amboy Avenue, San Fernando, CA | $665,000 | 2 | 1 | 836 |
| 427 9th Ave 1304, San Diego, CA | $665,000 | 1 | 1 | 871 |
Moving Cost Estimate
EXIT Agents in San Pedro
Listing Courtesy: Keller Williams Coastal Prop. - 562-338-3009
Presented by: Grace Parris
Licensed in the state of California.