3605 Stephen M White Drive

Los Angeles CA 90731

13008 sq. ft.

Multi-Family

Last sold for $3,000,000

Jignesh Patel, last sold this property on 26 June 2026 after 72 days on market.

Overview

Located in the highly desirable Point Fermin coastal neighborhood of San Pedro, 3605 Stephen M. White Drive is a 16-unit multifamily property (15 legal units + 1 non-conforming studio) offering a rare opportunity to acquire a true coastal asset directly across from Cabrillo Beach. Available for the first time in decades, this generational offering presents investors with a unique chance to secure a well-located property in a tightly held submarket. This investment is currently being offered at a 4.91% Cap Rate and 11.26 GRM, with the opportunity to achieve a 7.31% Cap Rate and 8.66 GRM through a value-add program. A new owner can capitalize on approximately 22%+ upside in income by implementing strategic unit renovations, improving management, and turning over units to market rents . The property features a well-balanced unit mix along with on-site parking and select units that offer harbor and ocean views, creating strong tenant appeal. While the building requires capital improvements, it presents a compelling opportunity for an investor to reposition and significantly enhance the propertys performance over time. Ideally situated near Cabrillo Beach, the Marina, and the rapidly evolving $500M West Harbor redevelopment, the property benefits from both immediate lifestyle appeal and long-term growth drivers. San Pedro continues to attract renters seeking a coastal lifestyle at a more accessible price point, supported by strong employment hubs at the Port of Los Angeles and surrounding industries. This is a unique opportunity to acquire a coastal Los Angeles asset at an attractive basis with immediate upside and long-term appreciation potential.

Features

3 bedrooms

3 bathrooms

13008 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 3 bedroom multi families sold in Los Angeles over the last 12 months, the estimated median property value of 3605 Stephen M White Drive is $862.5k.

Median value

$862.5k

Estimated value range

$765k - $3m

Median days on market

Estimated value trend

-3%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.