1350 West 9th Street

San Pedro, CA 90732

$3,975,000
Price
21
Beds
15
Baths
12,070 Sq. Ft.
$329 / Sq. Ft.
12,070
Sq. Ft.
$329
per Sq. Ft.

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...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.
  1. Listed by Lucy Milivojevic • DRE #01757364 • Brokerage DRE #02188471 • eXp Realty of Greater Los Angeles, Inc. • 310-901-1355

Property Details for 1350 West 9th Street

Architectural Style
Contemporary
View
City Lights, Harbor
Parking Spaces Total
25
Private Pool
No
Cooling Type
N/K
Total Units
15.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 11/12/2024 12:04 PM

Property Details for 1350 West 9th Street

StatusActive
MLS #SB24194791
Days on Market59
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
CountyLos Angeles County

Building Information for 1350 West 9th Street

Building/Complex1350 W 9th StFloor-Stories3Residences-Pet Policy-Year Built1973Building Size-

Property Information for 1350 West 9th Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $279,922
  • Vacancy Allowance: 8398
  • Gross Operating Income: $271,524
  • Net Operating Income: $161,863
  • Laundry Income: $3,000
  • Gross Multiplier: 15.0
  • Cap Rate: 3.85
Expense Details
  • Operating Expense: $109,661
  • New Taxes Expense: $50,400
  • Gardener Expense: $1,800
  • Pest Control Expense: $1,000
  • Electric Expense: $1,500
  • Insurance Expense: $7,650
  • Maintenance Expense: $7,500
  • Professional Management Expense: $13,996
  • Trash Expense: $8,160
  • Water Sewer Expense: $12,750
  • Total Expenses: $109,661
Tax / Assessment Info
  • Tax Block: 36
  • Tax Tract Number: 9999
  • Tax Census Tract: 2970.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 10
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Radiant
  • Heating: Radiant
  • Heat Equipment: Radiant
Exterior Features
  • Entry Location: 1
  • View Description: City Lights, Harbor
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 11-15 Units/Acre, Lot 10000-19999 Sqft, Park Nearby
  • Number Of Units: 15
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 25
  • Parking Garage Spaces: 25
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 3
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,295
  • Unit Type Total Rent: $3,295
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,237
  • Unit Type Total Rent: $1,237
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,867
  • Unit Type Total Rent: $1,867
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,848
  • Unit Type Total Rent: $2,488
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 12
Unit 5
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,710
  • Unit Type Total Rent: $2,710
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 13
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,763
  • Unit Type Total Rent: $1,763
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,066
  • Unit Type Total Rent: $1,066
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 3
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $982
  • Unit Type Total Rent: $982
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 4
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,607
  • Unit Type Total Rent: $1,607
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 5
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $945
  • Unit Type Total Rent: $945
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 6
Unit 11
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,051
  • Unit Type Total Rent: $1,051
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 7
Unit 12
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,785
  • Unit Type Total Rent: $1,785
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 8
Unit 13
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,555
  • Unit Type Total Rent: $1,555
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 9
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1

Property History for 1350 West 9th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1350 West 9th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Seventh Street Elementary School
Public - K to 5
Richard Henry Dana Middle School
Public - 6 to 8
San Pedro Senior High School
Public - 9 to 12
Ernest P. Willenberg Special Education Center
Public - 12
Rating
School
Distance
Seventh Street Elementary School
PublicK to 5

Richard Henry Dana Middle School
Public6 to 8

San Pedro Senior High School
Public9 to 12

Ernest P. Willenberg Special Education Center
Public12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1350 West 9th Street, San Pedro, CA 90732

1350 West 9th Street is a multi-family home for sale in San Pedro, CA 90732. This property was listed for sale on September 19, 2024 by eXp Realty of Greater Los Angeles, Inc., it's currently listed at $3,975,000. It has been on the market for a total of 59 days and was last sold on January 10, 2019. This listing's school district is Los Angeles Unified School District. Nearby schools include Seventh Street Elementary School, Richard Henry Dana Middle School and San Pedro Senior High School. 1350 West 9th Street is a 21-bed, 15-bath, 12,070 sqft multi-family home built in 1973.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of Greater Los Angeles, Inc., Lucy Milivojevic, DRE #01757364

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.