1260 W 9th St - Multi-Family FOR SALE


San Pedro, CA 90731- Northwest San Pedro
$1,275,000 USD
562-318-0213
1260 W 9th St, San Pedro, CA for Sale
$1,275,000 USD
Multi-Family - FOR SALE
1/23
null | 5.55% Cap Rate

1260 W 9th St
San Pedro, CA 90731
Northwest San Pedro


HIGHLIGHTS

  • Two Turnkey 2bed 1bath Units with Luxury Finishes
  • Two Spacious 1bed 1bath Occupied Units with Dependable Income & 67% Upside Rent!
  • Spacious Floor Plans with Dedicated Laundry Rooms & Rear Patios
  • 4 Private Garages with Room to Tandem Park, & Tenants Pay Most Utilities
  • Prime Location - Generously Sized Lot - Build 4 Additional Units, For a Total of 8 Units
  • Perfect for an Owner Occupant to Live with Passive Cash Flow, Or Savvy Investor as a Lucrative Investment

OVERVIEW

Prime Location! Rare opportunity to acquire a Spacious 4 unit investment property with 2 Beautifully Renovated units. Perfect for an Owner Occupant AND destined to be a Very Profitable investment. 1260 W 9th St. benefits from Large floor plans, a Generously sized lot, and is situated in one of the most Sought After Coastal neighborhoods in San Pedro -- At the Top of the Hill with Views of the harbor and a cool Ocean Breeze. There are two Turnkey 2bed 1bath units with high-end Luxury finishes, and two Spacious 1bed 1bath occupied units generating Strong Income, with 67% Upside in gross income! Each unit has a dedicated laundry room, and rear patios for the tenants' enjoyment. There are 4 private garages, and a storage building that can easily be converted into a 5th unit. Alternatively, you can Maximize your investment by adding an Additional 4 units, for a total of 8 units, via the streamlined ADU planning/permitting process. Tenants Pay for gas, electricity, and trash, so ownership is responsible for Minimal Expenses. Whether you're an Owner Occupant that is Passively Cash Flowing Every Month, or a Savvy Investor, you will Reap the Rewards of Consistent Cash Flow, Strong Appreciation, Rent Growth, and Lucrative Tax Benefits. Reach out to the listing agent and Submit Offers ASAP, because this is a deal that will Sell Fast!

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$348 USD /SF

# OF UNITS

4

PRICE/UNIT

$318,750

CAP RATE

5.55%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,751 SF

ZONING

RD1.5

APN/PARCEL ID

7459-022-009

ASK ABOUT THIS PROPERTY

Shane YoungYoung Lewin AdvisorsMore Info
562-318-0213

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Shane YoungYoung Lewin AdvisorsMore Info
562-318-0213

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.