322330 W 9th,  San Pedro CA, 90731 (Residential Income)

9,334 sqft
Status: Backup Offers
MLS#: SB16717937
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Last Updated: 12/4/2016 5:57 PM
Description for 322330 W 9th San Pedro, CA 90731
Two buildings on two parcels - a 6 unit and a 3 unit building. Built in 1979 and 1984 these units are not subject to rent control NOR are not subject to the City of LA's seismic retrofit ordinance. The asset has strong cash flow day one and even better cash flow by simply leveling the in-place rents!...nothing more. 5 of the 9 units have been rehabbed. Garage parking. On-site laundry room. Secured asset front and rear. The building is just blocks from Ports O' Call and downtown Pedro, much of which is a historical redevelopment area. Ports O' Call is undergoing a massive, multi-million dollar renovation - with the product being an Esplanade setting with retail, dining, and shopping. A ground floor opportunity in a gentrifying LA submarket. Just minutes to 2 of greater LA's largest employers - the Ports of LA and LB, as well Exxon/Mobil and other oil/gas and aerospace companies in South Torrance, Wilmington and Carson.
Price
$2,099,000
Los Angeles
9,334 (approx)
SB16717937
Backup Offers
Description
Two buildings on two parcels - a 6 unit and a 3 unit building. Built in 1979 and 1984 these units are not subject to rent control NOR are not subject to the City of LA's seismic retrofit ordinance. The asset has strong cash flow day one and even better cash flow by simply leveling the in-place rents!...nothing more. 5 of the 9 units have been rehabbed. Garage parking. On-site laundry room. Secured asset front and rear. The building is just blocks from Ports O' Call and downtown Pedro, much of which is a historical redevelopment area. Ports O' Call is undergoing a massive, multi-million dollar renovation - with the product being an Esplanade setting with retail, dining, and shopping. A ground floor opportunity in a gentrifying LA submarket. Just minutes to 2 of greater LA's largest employers - the Ports of LA and LB, as well Exxon/Mobil and other oil/gas and aerospace companies in South Torrance, Wilmington and Carson.
Listing Information
Property Type: Cluster, 1 Story
0.22 Acres 1,000,400 sq.ft. 9,334 (approx)
$224.88 1978
Yes- 9 spaces 1
9 Total
Neighborhood
Room Information
Exterior / Lot Features
9 Garage Spaces, 9 Parking Spaces, Assigned Parking Space, Garage
None
No Pool
LAR3
Sidewalks, Curbs Walk
Driving Directions
Between Palos Verdes St and Pacific on 9th.
Financial Considerations
7455010011
$169,900 Income ,$50,798Expense
Listing Price History

San Pedro Real Estate

San Pedro is located in California. San Pedro, California 90731 has a population of 79,165.

The median household income in San Pedro, California 90731 is $67,991. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in San Pedro 90731 is 41 years.

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Courtesy: RE/MAX Commercial & Inv Realty Brice Head
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