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Listing 14 out of 32
Sold for $3,200,000 Sold

1350 W 9th Street
San Pedro, CA 90732

15 units | Multi Family Home
11500 sq ft lot - MLS# SB18277512
Property Photo

Sold

Sold for $3,200,000 on Jan 10, 2019

Description

RARE RESIDENTIAL INCOME INVESTMENT OPPORTUNITY. EXTRA LARGE, PRIDE OF OWNERSHIP APARTMENT BUILDING IN PRIME SAN PEDRO LOCATION NEAR AVERILL PARK AND WESTERN AVENUE ON 2 LARGE LOTS. THIS PROPERTY HAS NEVER BEEN ON THE MARKET SINCE IT WAS PURCHASED FROM THE ORIGINAL CONTRACTOR. DELUXE 15 UNIT APARTMENT BUILDING WITH A GOOD MIX OF 3 BEDROOM 2 BATH, 2 BEDROOM 1 BATH, AND 1 BEDROOM 1 BATH APARTMENTS WITH PRIVATE BALCONIES. NEW ROOF INSTALLED APPROXIMATELY 10 YEARS AGO. MANY OF THE UNITS ARE RENTED BELOW THE MARKET WITH HUGE UPSIDE RENTAL INCREASE POTENTIAL. LARGE COURTYARD GIVING EACH UNIT ACCESS TO THE EXTERIOR AND SUNLIGHT. PLENTY OF TENANT PARKING IN THE SUBTERRANEAN GARAGE AREA. COIN OPERATED LAUNDRY ON SITE FOR ADDITIONAL INCOME. ATTRACTIVE OWNNER FINANCING. SALE MUST INCLUDE OWNER FINANCING ONLY WITH 30% DOWN, AMORTIZED FOR 30 YEARS INCLUDING 5.5% INTEREST, WITH A 15 YEAR DUE DATE. PLEASE REFER TO SUPPLEMENT, CONTAINS FULL RENT SCHEDULE.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $3,600,000
  • Zip Code: 90732
  • Year Built: 1973
  • Style: Contemporary
  • Units: 15 units
  • # of Parking Spaces: 25.00
  • Lot Size: 11500 sq ft lot
  • View: City Lights,Harbor, Yes
  • Zoning: LARD1.5
  • Area: 183 - Vista Del Oro
  • Appliances: Gas Water Heater
  • Appliances YN: Yes
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 12070.00
  • Building Area Units: Square Feet
  • Co-Listing Agent License: 02041856
  • Co-Listing Office License: 01021009
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban
  • Construction Materials: Frame, Stucco
  • Country: US
  • Direction Faces: South
  • Directions: BETWEEN AVERILL AVENUE AND PATTON AVENUE ON 9TH STREET
  • Electric Expense: 1706.00
  • Fence YN: Yes
  • Fencing: Block, Wood
  • Flooring: Carpet
  • Foundation Details: Concrete Perimeter
  • Fuel Expense: 2260.00
  • Garage Spaces: 25.00
  • Gardener Expense: 1800.00
  • Gross Income: 223884.00
  • Gross Scheduled Income: 223884.00
  • Heating: Radiant
  • Heating YN: Yes
  • Insurance Expense: 3800.00
  • Laundry Features: Community, Individual Room, See Remarks
  • Laundry Income: 2400.00
  • Laundry YN: Yes
  • Listing Agent License: 00573495
  • Listing Office License: 00573495
  • Lot Features: 26-30 Units/Acre
  • Lot Size Area: 11502.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 2500.00
  • Net Operating Income: 151911.00
  • New Taxes Expense: 45000.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1
  • Operating Expense: 71973.00
  • Other Income Description: 2400
  • Property Attached YN: Yes
  • Rent Control YN: Yes
  • Road Frontage Type: City Street
  • Roof: Composition, See Remarks, Tar/Gravel
  • Security Features: Automatic Gate, Security System
  • Selling Agent: Lucy Milivojevic
  • Selling Agent License: 01757364
  • Selling Office: Peninsula Real Estate Network
  • Selling Office License: 00873979
  • Sewer: Public Sewer
  • Total Expenses: 151911.00
  • Trash Expense: 4255.00
  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Water Sewer Expense: 9715.00
  • Water Source: Public
  • Year Built Source: Assessor
  • Sold Price: 3200000.00
  • Sold Date: 2019-01-10
Courtesy of Fred Dibernardo, Fred Dibernardo

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Sheri McHale-Moody
RE/MAX Estate Properties

1416 W. 25th St
San Pedro, CA 90732
Phone: 310-940-1516
Email: sherimoody10@gmail.com

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