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

$1,520,000 USD

Apartments For Sale • 6,176 SF

Property Details

Property Type Apartments
Total Building Size 6,176 SF
Lot Size 0.28 AC
Building Class C
Year Built 1923
Zoning LARD1.5

44 Transit Score

81 Walk Score

                
                    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