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$ 3,749,000
Est. payment /mo
Active Under Contract
1350 W 9th Street San Pedro, CA 90732
7 Beds
0.26 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SB25261590
Bedrooms 7
Lot Size 0.264 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Prime 15-Unit building situated in the highly sought-after Vista Del Oro neighborhood of San Pedro, built in 1973, offers a compelling investment opportunity. The property features a diverse unit mix consisting of one 3-bed/2-bath unit, eight 2-bed/1-bath units, and six 1-bed/1-bath units. Select units include private balconies with city and harbor views. Spacious central courtyard brings in abundant natural light. There's ample tenant parking within the secure subterranean garage. This building has undergone significant capital improvements, including completed soft-story seismic retrofit, replacement of electrical breakers, new exterior paint and railings. Currently operating at a 5.0% cap rate with a 12.44 GRM, this asset offers SELLER FINANCING options and strong future upside in this desirable coastal community. Walking distance to Weymouth Corner Shopping Center and Averill Park, offers a blend of convenience, lifestyle amenities and strong future growth potential. This property is minutes from the 42-acre West Harbor redevelopment, a complete reimaging of the former Ports O' Call Village, offering restaurants, retail, fresh market, waterfront promenade, open-air amphitheater and more. ***See Supplements for Offering Memorandum***
Location
State CA
County Los Angeles
Zoning Public Rec
Direction South on Gaffey to 9th St, turn right. Between Patton Ave and Averill Ave.
Interior
Heating Radiant
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 7459019024
Acceptable Financing Seller May Carry
Listing Terms Seller May Carry
Listed by Lucy Milivojevic eXp Realty of Greater Los Angeles, Inc.
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