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:
  • $/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 7 hours ago
  • CRMLS last updated this listing 3 months ago
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Property History

Status
Date
Price
Sold
Dec 16, 2016
$2,040,000
Active Under Contract
Nov 9, 2016
Listed
Oct 4, 2016
$2,099,000
#SB16717937
322 W 9th St in ZIP code 90731 is a multi family home that was last listed for $2,040,000. This is 262% above the current median of $562,999 for 90731 and 240% above the current median price of $599,500 for the city of San Pedro, CA. As of today, , there are 46 properties listed for sale in the 90731 area and 80 properties listed for sale in San Pedro. Of those 80 properties for sale, 52 are single family homes and 28 are condos. 322 W 9th St is approximately 9,334 Sqft, 517% above the San Pedro median of 1,513 and 553% above the 90731 ZIP code median of 1,430. The price per Sqft was $219 which is 44% below the current median price in 90731 of $390 and 42% below the San Pedro median of $378 per square foot.
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 37 with a median list price of $599,500 and median cost per square foot of $378. Its current status is sold under the MLS #SB16717937.

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