963 W 9th St - Multi-Family FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,520,000 USD
310-801-7373
963 W 9th St, San Pedro, CA for Sale
$1,520,000 USD
Multi-Family - FOR SALE
1/15
null | 6.4% Cap Rate

963 W 9th St
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • EXCEPTIONAL VALUE-ADD 8-UNIT INVESTMENT OPPORTUNITY IN PRIME SAN PEDRO
  • Exceptional 10.1 GRM and 6.4 Cap Rate on CURRENT Income. Annual Rent Increases are Due (Subject to LA City RSO)
  • One Unit is vacant and Will be delivered VACANT
  • Per tax Assessor Records - All Units are 1 Bedroom Units (Buyer to Verify Legal Bedroom Count)
  • Separate garage structure with 7 single-car garages offers a prime opportunity for conversion into ADUs
  • On-Site Laundry (Leased Equipment) and storage creates additional income

OVERVIEW

EXCEPTIONAL 8-UNIT INVESTMENT OPPORTUNITY IN VIBRANT SAN PEDRO | VALUE-ADD POTENTIAL A unique 8-unit multi-family property, perfectly positioned in the desirable San Pedro neighborhood of Vista Del Oro. Exceptional opportunity for investors to maximize returns through strategic upgrades and development. 8 units across 3 buildings (total of 6,176 SF) on a massive 12,161 SF lot zoned LA RD1.5 present ample space for potential expansion and development. The separate garage structure with 7 single-car garages offers a prime opportunity for conversion into ADUs, substantially increasing unit count and cash flow. Excellent in-place income averaging $1,398/unit (SEE SUPPLEMENTS FOR FULL OM), with upside potential via remodeling and renting the vacant unit at top market rent and raising rent to existing tenants (all are due for annual rent increase). Property is subject to LA City RSO. On-Site Amenities: Additional income streams from convenient on-site laundry (leased equipment) and storage. UNIT DETAILS AND DISCLOSURES: Per Assessor Records, all units are 1-bedroom units. However, units appear to function as proper 2-bedroom units, each featuring windows and closets.*** Disclosure: Seller makes no representations or warranties regarding the legal bedroom count or the feasibility of ADU conversions. Buyer is solely responsible for independently investigating and verifying all information, including square footage, property condition, zoning, permits, and all applicable local/state ADU requirements, to their full satisfaction.

FOR SALE DETAILS

PRICE

$1,520,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

8

PRICE/UNIT

$190,000

CAP RATE

6.4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,161 SF

ZONING

LARD1.5

APN/PARCEL ID

7458-007-008

ASK ABOUT THIS PROPERTY

Olga WrightLyon Stahl Investment Real EstateMore Info
310-801-7373

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Olga WrightLyon Stahl Investment Real EstateMore Info
310-801-7373

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