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Listing 19 out of 161
$939,000 For Sale

604 W 9th Street
San Pedro, CA 90731

4 units | Multi Family Home
4726 sq ft - MLS# SB18217755
Property Photo
1/22

Description

Huge 4 unit building priced under 13X GRM, lowest price per square foot in San Pedro. What a great opportunity for investors and savvy owner-occupied buyers alike! Located in the heart of San Pedro - this building consists of four large 2bed/1bath units, each with their own laundry room. Three out of the four units have been recently rehabbed/ updated with new appliances/ fixtures and two of these units will be delivered vacant at close of escrow. Each unit has a great layout and is separately metered for gas & electricity. With close proximity to Downtown San Pedro and the LA Waterfront (less than a mile from the new San Pedro Public Market, Space X Rocket & Spaceship Facility, Alta Sea Labs, Nelson One and other subsequent new developments), the new owner can capitalize on the resurgence of this strong rental market. Plus, there are plenty of local shops, restaurants, breweries, museums, transportation, parks, and Cabrillo Beach nearby for all to enjoy. This property has immense potential with solid income and is the perfect property to have in your portfolio.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90731
  • Year Built: 1919
  • Stories: Two
  • Units: 4 units
  • Lot Size: 4726 sq ft
  • View: Harbor, Yes
  • Zoning: LAC2
  • Area: 189 - Barton Hill
  • Average 2 Bed Area: 1073
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 4292.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Urban
  • Country: US
  • Directions: Corner of W 9th St and S Grand Ave
  • Gross Multiplier: 12.90
  • Gross Scheduled Income: 72804.00
  • Heating: Wall Heater
  • Heating YN: Yes
  • Insurance Expense: 2300.00
  • Interior Features: Balcony, Built-Ins, Ceiling Fan
  • Laundry Features: Individual Room, Inside
  • Laundry YN: Yes
  • Listing Agent License: 02001732
  • Listing Office License: 01914434
  • Lot Features: Back Yard, Corner Lot, Front Yard, Lawn
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 49135.00
  • New Taxes Expense: 11174.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Operating Expense: 21485.00
  • Property Attached YN: Yes
  • Rent Control YN: Yes
  • Stories Total: 2
  • Total Actual Rent: 6067.00
  • Total Expenses: 21485.00
  • Trash Expense: 720.00
  • Utilities: Sewer Connected, Water Connected
  • Water Sewer Expense: 2160.00
  • Water Source: Public
Courtesy of Buckingham Investments, Inc, Matthew Mahowald

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Kim Howard

Rolling Hill Estates, California
Real Estate Agent
310-951-2745
Contact Me
CA BRE#01498911

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Kim Howard | 310-951-2745 | Contact Me
Rolling Hill Estates, California
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