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322 - 330 W 9th Street, San Pedro, CA

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322 - 330 W 9th Street

San Pedro, CA 90731-3728 - Central San Pedro MF Submarket

Property Type:Multi-Family Number of Units:9 Status:Existing Year Built:1978
Stories:2 Building Size:9,334 SF Land Area:.23 AC (10,006 SF)
For Sale Price:$2,099,000 Price/Unit:$233,222.22 Cap Rate:5.44 % GRM:-

Parking:1.17 Parking Spaces / 1,000 SF

Property Description: Multi Family - 6 Units

Sale Notes:
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.

'79 and '84 built, NO RENT CONTROL - a rarity in Pedro - almost 6.5% market cap
A 6 unit and 3 unit building - 5 of the total 9 units redone
The 6 unit building has a new hot water heater and the 3 unit building has separate hot water heaters
Large units and garage parking
Just blocks to the multi-million $$$ Ports O' Call Redevelopment

RE/MAX Commercial & Investment Realty
Brice Head
(310) 802-2520

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