1350 W 9th St - Apartments FOR SALE


San Pedro, CA 90732- Northwest San Pedro
$3,749,000 USD
310-210-5789
1350 W 9th St, San Pedro, CA for Sale
$3,749,000 USD
Apartments - FOR SALE
1/24
null | 5% Cap Rate

1350 W 9th St
San Pedro, CA 90732
Northwest San Pedro


HIGHLIGHTS

  • Tremendous rental upside
  • Excellent Unit Mix
  • Soft Story Retrofit Complete
  • New Breakers
  • Fresh Exterior Paint
  • Over $250k invested in the property

OVERVIEW

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. The total rentable square footage is 12,070 square feet with select units offering balcony access. This property was built in 1973 and has successful completed a soft story retrofit. Current ownership owns full rights to the on-site laundry. Additionally, zoning is LARD1.5 with a lot size of 11,502 square feet providing ample on-site subterranean parking. 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.

FOR SALE DETAILS

PRICE

$3,749,000 USD

PRICE/SF

$311 USD /SF

# OF UNITS

15

PRICE/UNIT

$249,933

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

RD1.5

APN/PARCEL ID

7459-019-024

ASK ABOUT THIS PROPERTY

Mario GandaraSoCal Coastal CapitalMore Info
310-210-5789

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

Mario GandaraSoCal Coastal CapitalMore Info
310-210-5789

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