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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
Number of Units:
.23 AC (10,006 SF)
For Sale Price:
1.17 Parking Spaces / 1,000 SF
Property Description: Multi Family - 6 Units
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
NO MANDATORY SEISMIC RETROFIT REQUIREMENT - "whew"
Just blocks to the multi-million $$$ Ports O' Call Redevelopment
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
RE/MAX Commercial & Investment Realty
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