750 W 9TH ST, San Pedro, CA 90731 | Off-market

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Off-Market Call for Pricing

Call for Pricing
  • (0)
  • 10 Beds
  • 10.0 Baths
  • 4,234 Sq Ft
  • 9,600 Sq Ft

Description

750-58 W 9th Street presents an opportunity for a purchaser to follow the lead of thecurrent ownership and capture future rent upside. In the last few years, a reposition strategyhas been implemented based on unit improvements and curb appeal enhancements. Inthis time period, the owners are renovating the interiors, while providing renewed frontlandscaping and facade.As these upgrades result in a tremendous increase in potential income, a new investor canfollow this same strategy to continue adding value, raise revenue and improve operatingefficiency.With LAC2 zoning, the parcel also holds development potential as a .22 acre lot on one ofthe busiest thoroughfares in San Pedro, directly adjacent to S Gaffey Street.

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Owner

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Amenities

Garage
Outdoor Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Open Floorplan
Great Views
Natural Light
Quiet
Elevator
Balcony
Guest Unit(s)
Furnishings

Income

Rental Units


The income description goes here to explain

Expenses

Property Details

List Price $1,595,000
Property Type Multi-Family
Usable Sqft 4,234
Number of Stories 0
Parking Spots 0
Year Built 1922
Last Sold September 27, 2017
Sold Price 1,500,000
APN # Unknown
MLS # 17256938
Property ID 1450479
Lot Sqft 9,600
Zoning LAC2
Total Units 10
Date Updated May 19, 2018
Date Created July 31, 2017
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 1 1.0 $1,128 $1,245
Unit #2 1 1.0 $917 $1,245
Unit #3 1 1.0 $1,128 $1,245
Unit #4 1 1.0 $549 $1,245
Unit #5 1 1.0 $920 $1,245
Unit #6 1 1.0 $1,245 $1,245
Unit #7 1 1.0 $1,245 $1,245
Unit #8 1 1.0 $1,245 $1,245
Unit #9 1 1.0 $335 $1,245
Gross Income (Yr) $ 112,584
Operating Expenses $ 37,994
Net Income (Yr) $ 73,012
Cap Rate 4.60%

Listing Provided By

David Harrington an agent of Matthews Retail Group, Inc.. Lic #01320460


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© 2020 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of March 7, 2018 4:38 PM PT The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.



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