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Listing 17 out of 157
Sold for $875,000 Sold

604 W 9th Street
San Pedro, CA 90731

4 units | Multi Family Home
4726 sq ft lot - MLS# SB18217755
Property Photo


Sold for $875,000 on Nov 22, 2018


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.


  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $939,000
  • Zip Code: 90731
  • Year Built: 1919
  • Stories: Two
  • Units: 4 units
  • Lot Size: 4726 sq ft lot
  • 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
  • Cap Rate: 5.30
  • 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 Furnace
  • Heating YN: Yes
  • Insurance Expense: 2300.00
  • Interior Features: Balcony, Built-in Features, Ceiling Fan(s)
  • 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 Area: 4725.0000
  • 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
  • Selling Agent: Matteo Bommarito
  • Selling Agent License: 01367522
  • Selling Office: Keller Williams Realty
  • Selling Office License: 01501084
  • Sewer: Public Sewer
  • Stories Total: 2
  • Total Actual Rent: 6067.00
  • Total Expenses: 21485.00
  • Trash Expense: 720.00
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Sewer Expense: 2160.00
  • Water Source: Public
  • Sold Price: 875000.00
  • Sold Date: 2018-11-22
Courtesy of Buckingham Investments, Inc, Matthew Mahowald


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Sheri McHale-Moody
RE/MAX Estate Properties

1416 W. 25th St
San Pedro, CA 90732
Phone: 310-940-1516

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