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Sold for $1,350,000 Sold

927 W 9th Street
San Pedro, CA 90731

6 units | Multi Family Home
5179 sq ft - MLS# SB17270731
Property Photo

Sold

Sold for $1,350,000 on Jan 16, 2018

Description

FIRST TIME ON THE MARKET SINCE IT WAS BUILT IN 1975! This fabulous 6 unit building is a true pride-of-ownership property that the current owner has enjoyed for 42 years. The four 2 bedroom 2 bath units feature a spacious living room with balcony, master bedroom with 3/4 bath and ample storage. The two 1 bedroom 1 bath units are also spacious and well designed. Upper-level units feature harbor and ocean views. Ground-floor features 7 garage spaces (one kept by owner) community laundry room with coin-operated equipment, multiple storage rooms,and a former bootleg studio that makes a great office or additional storage room. There are also two uncovered parking spaces for a total of 9 parking spaces. The rents are well below market but it's priced accordingly and there's a ton of upside. Building is subject to LA City Rent Control and is also on the LA City Soft-Story Retrofit list. See supplements for more information.

Features

  • # of Parking Spaces: 9.00
  • Appliances: Free Standing Range
  • Appliances YN: Yes
  • Area: 183 - Vista Del Oro
  • Average 1 Bed Area: 750
  • Average 2 Bed Area: 1000
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 5542.00
  • Building Area Units: Square Feet
  • Common Walls: 2+ Common Walls
  • Community Features: Curbs, Street Lighting
  • Country: US
  • Directions: 9th St between Meyler and Alma
  • Electric Expense: 1200.00
  • Flooring: Carpet, Laminate, Tile
  • Foundation Details: Slab
  • Fuel Expense: 840.00
  • Garage Spaces: 7.00
  • Gardener Expense: 1980.00
  • Gross Income: 6095.00
  • Gross Multiplier: 17.00
  • Gross Scheduled Income: 73140.00
  • Heating: Radiant
  • Heating YN: Yes
  • Insurance Expense: 2000.00
  • Laundry Features: Community, See Remarks
  • Laundry YN: Yes
  • Listing Agent License: 01086159
  • Listing Office License: 01501084
  • Listing Status: Closed
  • Lot Features: Lot-Level/Flat
  • Lot Size: 0.1189
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 46240.00
  • New Taxes Expense: 15000.00
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 7
  • Number Of Separate Water Meters: 1
  • Operating Expense: 26900.00
  • Parking Spaces: 9.00
  • Pest Control Expense: 840.00
  • Property Attached YN: Yes
  • Property Type: Multi Family Home
  • Rent Control YN: Yes
  • Road Frontage Type: City Street
  • Roof: Composition, Tile
  • Room Type: Master Bathroom
  • Selling Agent: Gary Krill
  • Selling Agent License: 01086159
  • Selling Office: Keller Williams Realty
  • Selling Office License: 01501084
  • Sold Date: 2018-01-16 00:00:00
  • Sold Price: 1350000.00
  • Sub Type: Multi Family Home
  • Total Actual Rent: 6095.00
  • Total Expenses: 26900.00
  • Trash Expense: 2760.00
  • Uncovered Spaces: 2.00
  • Units: 6
  • Water Sewer Expense: 1980.00
  • Water Source: Public
  • Year Built: 1975
  • Year Built Source: Assessor
  • Zip Code: 90731
  • Zoning: LARD1.5
  • View: Harbor,Ocean, Yes
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