Property Detail

3644 Almeria

San Pedro CA 90731

$1,699,000

Status: Active

Property Details

Description

Location truly sets this exceptionally well-maintained five-unit property apart. Positioned on a beautifully landscaped corner lot just one short block from the ocean bluffs in San Pedro’s highly desirable Palisades neighborhood, the building offers a rare opportunity to own an income property in a premier coastal setting. Several units feature ocean views, while all residents enjoy refreshing afternoon breezes and the year-round coastal climate. The property includes a spacious ground-floor owner’s unit featuring two bedrooms, two bathrooms, a fireplace and peeks of the ocean. For an owner-occupant buyer, the seller will consider providing a credit at the close of escrow to help offset applicable tenant relocation costs. Major improvements completed in 2020 include a new roof, upgraded electrical panels, fresh exterior paint and refreshed landscaping. Parking includes four garage spaces plus off-street parking for two additional vehicles. With no residential units above the garages and a flat-roof configuration, the property may also offer potential to construct one or more ADUs above the garage area, creating an opportunity for additional income and long-term value (buyer to independently investigate and verify all development possibilities with the appropriate agencies). A community laundry room with coin-operated machines serves the residents. Remarkably, this five-unit coastal property is offered at a price below what some single-family homes are selling for in the surrounding area—an exceptional value for investors and owner-users alike. Located near bluff-top parks, coastal walking trails and nature preserves, this is an outstanding opportunity to acquire a legacy property in a setting that would command a substantial premium in many neighboring beach communities. Drive by and explore the neighborhood to fully appreciate just how special this coastal location is.

Map Location

Listing provided courtesy of Gary Krill of Compass. Last updated 2026-09-15 08:10:58.000000. Listing information © 2025 CRMLS.

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"I worked with Ever through the process of an Estate Sale and sale of a condominium. Throughout the experience he and his team were extremely helpful. I had never been involved with an estate sale previously and was working with the additional factor of not being local. After an initial meeting I was able to deal with he and his team remotely which simplified the entire process and experience. Any questions or issues I had were very quickly addressed and resolved. My entire experience was very positive. Thank You!"

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