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Just Closed – Point Fermin Duplex Portfolio | $1,290,000

Just Closed – Point Fermin Duplex Portfolio | $1,290,000

Lyon | Stahl is excited to have closed 3531-3533 S Peck Ave and 708-710 W 36th St in San Pedro!

Woody Stahl and Doug Lawson present two side-by-side duplexes in San Pedro. Located at the end of Point Fermin, these corner lot properties feature gorgeous ocean views, (4) single car garages, alley access, and a laundry room. Both of the lots are zoned LARD2 and combine for 8,751 SF with 3,144 SF of total living space.

The duplexes consist of (4) 1-bedroom/1-bathroom units with the opportunity to build (6)+ condominiums (buyer to verify). The Peck duplex is nicely updated and will be delivered vacant, making this deal a significant value-add opportunity. Since the buildings must be sold together, this would be ideal for an investor looking to acquire prime real estate with the potential to develop.

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Investment Highlights
  • Directly below Lookout Point Park with panoramic ocean views
  • 2 large LARD2 lots totaling 8,751 sq. ft.
  • Opportunity to build 6+ condos (buyer to verify)
  • Corner lot with alley access
  • All units are 1-bedroom
  • (4) single car garages + laundry room
  • The Peck duplex is nicely updated and will be delivered vacant
  • Close Proximity to Cabrillo Beach & Point Fermin Light House
  • Both duplexes must be sold together for $1.6MM

 

To learn more about this property:

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