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$950,000

Est. payment - /mo

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1 Bed

1 Bath

950 SqFt

Pending

714 W 38th San Pedro, CA 90731

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Jesse Ibanez

jesse@greenmeansgrow.com +1(858) 337-2796

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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 950 sqft

Price per Sqft $1,000

MLS Listing ID PW26149569

Bedrooms 1

Full Baths 1

Year Built 1952

Lot Size 6,500 Sqft

Property Sub-Type Detached

Property Description

Opportunities like this are becoming increasingly rare. Located in the heart of the highly sought-after POINT FERMIN neighborhood, 714 W. 38th Street offers the unique combination of an EXISTING UPDATED RESIDENCE, a 6,500 SF R2-ZONED LOT, OCEAN VIEWS, refreshing COASTAL BREEZES, and exceptional REDEVELOPMENT POTENTIAL in one of Southern California's most desirable seaside communities. From the moment you arrive, you'll appreciate the OCEAN VIEWS from the front of the property and the cool COASTAL BREEZES that define the Point Fermin lifestyle. The expansive rear portion of the lot also enjoys OCEAN VIEWS, creating an exceptional opportunity to thoughtfully design future improvements that further enhance VIEW CORRIDORS and maximize the property's remarkable COASTAL SETTING (Buyer to verify all development possibilities with the City of Los Angeles.) Unlike a VACANT LAND ACQUISITION, the existing residence provides immediate flexibility as a PRIMARY RESIDENCE, RENTAL PROPERTY, or HOLDING ASSET while redevelopment plans are explored. Whether your vision is to create LUXURY COASTAL RESIDENCES, a MULTIGENERATIONAL FAMILY COMPOUND, or a LONG-TERM INVESTMENT, the generous lot size, favorable R2 ZONING, and existing improvements provide multiple pathways to LASTING VALUE. Ideally situated just moments from POINT FERMIN PARK, CABRILLO BEACH, ROYAL PALMS BEACH, CABRILLO MARINA, the KOREAN FRIENDSHIP BELL, and the transformative WEST HARBOR WATERFRONT REDEVELOPMENT, the property is positioned to benefit from billions of dollars in public and private investment that continue to reshape

Location

State CA

County Los Angeles

Direction 38th Between Carolina & Gaffey

Interior

Interior Features Beamed Ceilings, Granite Counters, Recessed Lighting

Flooring Tile, Wood

Fireplaces Type FP in Living Room, Electric

Fireplace No

Appliance Dishwasher, Refrigerator, Gas Range

Laundry Gas, Washer Hookup

Exterior

Parking Features Tandem

Garage Spaces 1.0

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Ocean

Porch Stone/Tile, Porch, Wrap Around

Total Parking Spaces 1

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 7467012040

Acceptable Financing Land Contract

Listing Terms Land Contract

Special Listing Condition Standard

Virtual Tour https://www.wellcomemat.com/mls/56im45183ec41mn6h

Listed by Grace Parris, DRE#01460379 Keller Williams Coastal Prop.

NEARBY SCHOOL & BUSINESS

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Jesse Ibanez

Agent | License ID: 01405643

+1(858) 337-2796

714 W 38th San Pedro, CA 90731

Jesse Ibanez

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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714 W 38th