637 W 32nd Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$1,250,000
637 W 32nd Street, San Pedro, California 90731
0Bed
0Bath
3,284Sqft
4,504Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Top Cons:
Partial Remodel Status: Only one of the four units has been remodeled with granite countertops, indicating that the other three units may require significant updates to maximize rental income and tenant appeal, incurring additional renovation costs.
Compared to the nearby listings
Price:$1.25M vs avg $1.10M (+$150,500)60%
Size:3,284 sqft vs avg 2,387.5 sqft64%
Price/sqft:$381 vs avg $41940%
More Insights
Built in 1960 (65 years old).
Condition: Built in 1960, this 4-plex is 64 years old. While the exterior appears maintained, the listing explicitly states that only one of the four units has been remodeled with granite countertops. This indicates that the other three units, and likely the building's major systems, are significantly outdated and would require substantial repairs and rehabilitation, particularly in the kitchens and bathrooms, to meet current quality standards. The property is functional and rented, but the condition of the majority of the units is very poor.
Year Built
1960
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$381
HOA
-
Days on market
-
Sold On
-
MLS number
PV24161453
Home ConditionPoor
Features
Good View:
View-
About this home
This elegant two-story 4-plex is located in the Point Fermin neighborhood of San Pedro between Gaffey and Pacific St. It is situated on a corner lot with excellent curb appeal, a fenced yard and two two-car garages. Each unit has one parking spot in garage. All four units have 2-Bed, 1-Bath with washer and dryer hookups. Upstairs units have some ocean view and large living room windows to brighten up the living space. This 4-plex is a great opportunity for an owner/user or an investor considering this prime coastal neighborhood. Each unit has separate gas and electric meters. All four units are currently rented with great upside potential. One of the units has been remodeled with granite counter tops in the kitchen and bath. This property is also close to Cabrillo Beach, LA Marina, Point Fermin Park, the Korean Friendship Bell and the historic Lighthouse. San Pedro is undergoing development which includes the Waterfront Park and other entertainment facilities.
Nearby schools
5/10
Leland Street Elementary School
Public,•K-6•0.9mi
7/10
White Point Elementary School
Public,•K-6•1.0mi
5/10
Fifteenth Street Elementary School
Public,•K-5•1.1mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•1.6mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•1.9mi
4/10
Seventh Street Elementary School
Public,•K-5•2.0mi
2/10
Barton Hill Elementary School
Public,•K-6•2.2mi
5/10
Bandini Street Elementary School
Public,•K-6•2.2mi
5/10
Crestwood Street Elementary School
Public,•K-6•2.7mi
9/10
Park Western Place Elementary School
Public,•K-5•2.7mi
8/10
Mira Catalina Elementary School
Public,•K-5•3.1mi
9/10
Taper Avenue Elementary School
Public,•K-5•3.3mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•4.3mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•5.2mi
6/10
Harbor City Elementary School
Public,•K-5•5.5mi
4/10
Richard Henry Dana Middle School
Public,•6-8•1.1mi
8/10
Miraleste Intermediate School
Public,•6-8•3.3mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•3.8mi
6/10
Alexander Fleming Middle School
Public,•6-8•5.5mi
4/10
Hudson K-8
Public,•K-8•7.1mi
6/10
San Pedro Senior High School
Public,•9-12•1.2mi
5/10
Phineas Banning Senior High School
Public,•9-12•5.7mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•6.2mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•6.6mi
3/10
Cabrillo High School
Public,•9-12•6.9mi
8/10
Palos Verdes High School
Public,•9-12•8.7mi
Price History
Date
Event
Price
05/15/07
Sold
$790,000
02/01/05
Sold
$657,000
10/01/04
Sold
$400,000
Condition Rating
Poor
Built in 1960, this 4-plex is 64 years old. While the exterior appears maintained, the listing explicitly states that only one of the four units has been remodeled with granite countertops. This indicates that the other three units, and likely the building's major systems, are significantly outdated and would require substantial repairs and rehabilitation, particularly in the kitchens and bathrooms, to meet current quality standards. The property is functional and rented, but the condition of the majority of the units is very poor.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Income-Generating Quadruplex: This 4-plex offers immediate income with all four units currently rented, presenting significant upside potential for rental income growth.
Prime Coastal Location: Located in the desirable Point Fermin neighborhood of San Pedro, a prime coastal area undergoing significant development, including a new Waterfront Park and entertainment facilities. It's also close to beaches, parks, and attractions.
Versatile Investment Opportunity: The property is ideal for both owner/users looking to offset their mortgage with rental income and investors seeking a stable, income-producing asset with growth potential in an appreciating area.
Desirable Unit Features & Amenities: Each 2-bedroom, 1-bathroom unit includes convenient washer/dryer hookups, separate gas and electric meters for reduced landlord utility burden, and dedicated garage parking. Upstairs units also boast some ocean views.
Excellent Curb Appeal & Corner Lot: Situated on a prominent corner lot, the property features excellent curb appeal, a fenced yard, and two two-car garages, enhancing its attractiveness and functionality.
Cons
Partial Remodel Status: Only one of the four units has been remodeled with granite countertops, indicating that the other three units may require significant updates to maximize rental income and tenant appeal, incurring additional renovation costs.
Property Age: Built in 1960, the property is over 60 years old. While potentially well-maintained, older buildings can incur higher maintenance costs and may have aging systems (plumbing, electrical) that could require future capital expenditures.
Mixed School Ratings: The surrounding area includes a mix of school ratings, with some elementary schools having lower scores, which could be a consideration for families prioritizing access to top-rated public education.