322 W 9th St
San Pedro, CA 90731

Bd   — Ba   9,334 Sqft
Two buildings on two parcels - a 6 unit and a 3 unit building. Built in 1979 and 1984 these units are not subject to rent control NOR are not subject to the City of LA's seismic retrofit ordinance. The asset has strong cash flow day one and even better cash flow by simply leveling the in-place rents!...nothing more. 5 of the 9 units have been rehabbed. Garage parking. On-site laundry room. Secured asset front and rear. The building is just blocks from Ports O' Call and downtown Pedro, much of which is a historical redevelopment area. Ports O' Call is undergoing a massive, multi-million dollar renovation - with the product being an Esplanade setting with retail, dining, and shopping. A ground floor opportunity in a gentrifying LA submarket. Just minutes to 2 of greater LA's largest employers - the Ports of LA and LB, as well Exxon/Mobil and other oil/gas and aerospace companies in South Torrance, Wilmington and Carson.
  • Neighborhood: Central San Pedro
  • Days on Movoto: 73
  • Year Built: 1978
  • HOA: $0 HOA
  • $/Sqft: $219
  • Lot: 10,004 Sqft
  • Property Type: Multi Family
  • MLS#: SB16717937
  • MLS:
  • Listing Office: RE/MAX Commercial & Inv Realty
  • Listed By: Brice Head
  • Movoto last checked CRMLS for new data 53 minutes ago
  • CRMLS last updated this listing 5 months ago
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Property History

Dec 16, 2016
Active Under Contract
Nov 9, 2016
Oct 4, 2016
322 W 9th St is a multi family home located in 90731 in San Pedro, CA. It was last listed for $2,040,000, which is 259% above the current market median of $567,500 in 90731 and 237% above the market median of $605,000 in San Pedro. 322 W 9th St is approximately 9,334 Sqft, which is 506% above the median size in San Pedro of 1,540 Sqft and 559% above the median size in 90731 of 1,416 Sqft. This property's price per square foot was $219, which is 45% below the current median in 90731 of $401 and 45% below the San Pedro median of $400. As of today, , there are 58 properties listed for sale in ZIP code 90731 and 101 properties listed for sale in the city of San Pedro. Of those 101 properties, there are 64 single family houses and 37 condos.
Built in 1978, this multi family house at 322 W 9th St, San Pedro CA, 90731 is approximately 9,334 square feet and comes with 9 parking spots. It was last listed with a cost per Sqft of $219. 322 W 9th St is located in the Central San Pedro neighborhood in the Los Angeles Unified School District. The closest school is Cabrillo Avenue Elementary School.

322 W 9th St, San Pedro CA, 90731 was on the market for 73 days. The median days on the market for properties in this area is 26 with a median list price of $605,000 and median cost per square foot of $400. Its current status is sold under the MLS #SB16717937.

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