3605 Stephen M White
San Pedro, CA 90731
0
Bed
0
Bath
9,356Sqft
13,008Sqft(Lot)
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 .
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer
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Building Information
Year Built: 1959 Building Area Total: 9,356 -
Pool Features
NoneLaundry Features
Common Area
-
Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2986 -
Lot Size Source: Assessor Lot Size Square Feet: 13008
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Listing Price Information
Original List Price: 3,500,000 Listing Contract Date: 2026-03-26 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 7467017001
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Other Property Info
Source Listing Status: Pending Source Neighborhood: 181 - Point Fermin Directions: 110 South exit Gaffey St turn left, left on 34th st, Right on Pacific Ave, Left on Stephen M White Drive. Source Property Type: Residential Income Area: 181 - Point Fermin Property SubType: Apartment -
Building and Construction
Property Age: 67 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Ground Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 238 W 10th, San Pedro, CA, 90731 | $1,899,999 | -- | -- | 5,304 | 5,304 SqFt |
| 285 W 9th Street, San Pedro, CA, 90731 | $699,000 | 2 | 1 | 1,400 | 1,400 SqFt |
| 578 W Oliver, San Pedro, CA, 90731 | $645,000 | -- | -- | 1,624 | 1,624 SqFt |
| 1032 S Mesa Street, San Pedro, CA, 90731 | $549,000 | 2 | 1 | 624 | 624 SqFt |
| 802 Bejay Place, San Pedro, CA, 90731 | $1,049,000 | 3 | 2 | 1,430 | 1,430 SqFt |
| 560 W 4th Street, San Pedro, CA, 90731 | $1,100,000 | 6 | -- | 3,032 | 3,032 SqFt |
| 457 W 14th Street, San Pedro, CA, 90731 | $799,000 | 3 | 2 | 1,315 | 1,315 SqFt |
| 570 W 8th, San Pedro, CA, 90731 | $1,670,000 | -- | -- | 7,192 | 7,192 SqFt |
| 517 S Grand, San Pedro, CA, 90731 | $500,000 | 2 | 1 | 1,280 | 1,280 SqFt |
| 626 W 7th, San Pedro, CA, 90731 | $1,695,000 | -- | -- | 5,616 | 5,616 SqFt |
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ByOwner last updated this listing 06/11/2026 @ 08:01
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