Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 3921 South Pacific Avenue, an 8-unit multifamily investment property located in San Pedro, CA. Built in 1972, 3921 South Pacific Avenue offers an attractive mix of one, two, and three-bedroom floor plans. Property amenities include tuck-under parking and oversized garages, security doors, and an on-site laundry facility. Units feature vinyl, tile, and carpet flooring, private balconies, and granite countertops. The two oversized garages located at the subject property accommodate 4 cars each, providing a new owner the opportunity to increase an additional income stream or to build 2 accessory dwelling units (ADUs) through a garage conversion. 3921 South Pacific Avenue is situated in an optimal San Pedro location, just blocks away from Cabrillo Beach and San Pedro’s Pacific Overlook. The property is located just under 2 miles from the ongoing West Harbor development, which is set to feature over 150,000 square feet of retail, restaurants, and entertainment, four acres of outdoor park and recreation space, and over 200,000 square feet of waterside featuring harborside excursions and attractions (see OM for more details). Additionally, 3921 South Pacific Avenue is located just under 3 miles from the Port of Los Angeles, whose cargo represents approximately 20% of all cargo coming into the United States. The property’s excellent San Pedro location, surrounded by a wide variety of activities, developments, and retail amenities, is a primary draw for potential renters. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at 3921 South Pacific Avenue.