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.
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This Multi-Family home
for sale in San Pedro, CA
is currently listed for $2,099,000.
Featuring a lot size of 10,004 Sq. Ft.,
322 W 9th Street
was built in 1978 and
has been on ERA.com for 21 days.
This listing is provided courtesy of RE/MAX COMMERCIAL & INV REALTY.
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ERA Matilla Realty
225 Culver Boulevard
Playa Del Rey, CA 90293
Steven Luc Matilla, CAL BRE 00398688
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Data last updated: Monday, October 24, 2016 at 2:44 PM. Properties in listings may have been sold or may no longer be available.