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1350 W 9th Street

San Pedro, CA 90732
  • $3,750,000
  • STATUS: Active
  • ON SITE: 181 Days
  • MLS #: SB24194791
Price Reduced
UPDATED: 119 min ago
$3,750,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

Listing Agent(s): Lucy Milivojevic of eXp Realty of Greater Los Angeles, Inc. (888-652-1314)


Description

Introducing an opportunity to own a 15-unit building in San Pedro's prime area of Vista Del Oro. This 12,070 square foot building built in 1973 comprises of one 3-bedroom/2-bathroom unit, eight 2-bedroom/1-bathroom units, and six 1-bedroom/1-bathroom units. Some units offer a balcony and views of city and harbor. Large courtyard to enjoy fresh air and natural lighting. Lots of tenant parking in the subterranean parking area. Soft-story retrofit has been completed. Community laundry room with owned washers/dryers and spacious cabinetry. Capitalize on the upside for rent increase potential in this appreciating San Pedro market. Financing available. Walking distance to Weymouth Corner Shopping Center and Averill Park. West Harbor build of the former Ports O'Call is expected to open in 2025, featuring 42 acres of restaurants, shopping, fresh markets, office space, and a waterfront promenade with ample outdoor space and an open-air amphitheater for live entertainment. Attractive opportunity to acquire this 15-unit asset in an appreciating market, driven by ongoing San Pedro developments.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-20T00:29:11.763. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/155472940
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1350 W 9th Street San Pedro, CA 90732

  • Price: $3,750,000
  • Status: Active
  • On Site: 181 Days
  • Updated: 119 min ago
  • MLS #: SB24194791
0
Beds
0
Baths
0
½ Baths
0.26
Acres
1973
Built
Neighborhood:
183 - Vista Del Oro
County:
Los Angeles
Area:
183 - Vista Del Oro
Property Description
Introducing an opportunity to own a 15-unit building in San Pedro's prime area of Vista Del Oro. This 12,070 square foot building built in 1973 comprises of one 3-bedroom/2-bathroom unit, eight 2-bedroom/1-bathroom units, and six 1-bedroom/1-bathroom units. Some units offer a balcony and views of city and harbor. Large courtyard to enjoy fresh air and natural lighting. Lots of tenant parking in the subterranean parking area. Soft-story retrofit has been completed. Community laundry room with owned washers/dryers and spacious cabinetry. Capitalize on the upside for rent increase potential in this appreciating San Pedro market. Financing available. Walking distance to Weymouth Corner Shopping Center and Averill Park. West Harbor build of the former Ports O'Call is expected to open in 2025, featuring 42 acres of restaurants, shopping, fresh markets, office space, and a waterfront promenade with ample outdoor space and an open-air amphitheater for live entertainment. Attractive opportunity to acquire this 15-unit asset in an appreciating market, driven by ongoing San Pedro developments.
Exterior Features

Architectural Style Contemporary Entry Level 1 Entry Location 1 Lot Features 11-15 Units/AcreNear Park Number Of Separate Electric Meters 15 Parking Total 25 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No View City LightsHarbor View YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Radiant Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.85 Common Interest Community Apartment Community Features CurbsPark Electric Expense 1500 Garage YN Yes Gross Income 0 Gross Scheduled Income 279922 Insurance Expense 7650 Land Lease YN No Laundry Features Common AreaLaundry Room Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Private Financing AvailableSubmit Maintenance Expense 7500 Net Operating Income 161863 New Construction YN No New Taxes Expense 50400 Number Of Separate Gas Meters 15 Number Of Separate Water Meters 1 Operating Expense 109661 Pest Control Expense 1000 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Trash Expense 8160 Utilities Natural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 8398 Water Sewer Expense 12750 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-20T00:29:11.763. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Lucy Milivojevic of eXp Realty of Greater Los Angeles, Inc. (888-652-1314)