1350 W 9th Street, San Pedro, CA 90732

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Glen Henderson

[email protected] +1(619) 889-7646

$3,749,000

Est. payment - /mo

7 Beds

0.26 Acres Lot

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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

Type of Financing Seller May Carry

Property 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

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Listed by Lucy Milivojevic eXp Realty of Greater Los Angeles, Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

1350 W 9th Street San Pedro, CA 90732

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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