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1350 W 9th ST San Pedro, CA 90732
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Key Details
Sold Price $3,200,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 12,070 sqft
Price per Sqft $265
MLS Listing ID SB18277512
Sold Date 01/10/19
Style Contemporary
HOA Y/N No
Year Built 1973
Lot Size 0.264 Acres
Acres 0.264
Property Description
RARE RESIDENTIAL INCOME INVESTMENT OPPORTUNITY. EXTRA LARGE, PRIDE OF OWNERSHIP APARTMENT BUILDING IN PRIME SAN PEDRO LOCATION NEAR AVERILL PARK AND WESTERN AVENUE ON 2 LARGE LOTS. THIS PROPERTY HAS NEVER BEEN ON THE MARKET SINCE IT WAS PURCHASED FROM THE ORIGINAL CONTRACTOR. DELUXE 15 UNIT APARTMENT BUILDING WITH A GOOD MIX OF 3 BEDROOM 2 BATH, 2 BEDROOM 1 BATH, AND 1 BEDROOM 1 BATH APARTMENTS WITH PRIVATE BALCONIES. NEW ROOF INSTALLED APPROXIMATELY 10 YEARS AGO. MANY OF THE UNITS ARE RENTED BELOW THE MARKET WITH HUGE UPSIDE RENTAL INCREASE POTENTIAL. LARGE COURTYARD GIVING EACH UNIT ACCESS TO THE EXTERIOR AND SUNLIGHT. PLENTY OF TENANT PARKING IN THE SUBTERRANEAN GARAGE AREA. COIN OPERATED LAUNDRY ON SITE FOR ADDITIONAL INCOME. ATTRACTIVE OWNNER FINANCING. SALE MUST INCLUDE OWNER FINANCING ONLY WITH 30% DOWN, AMORTIZED FOR 30 YEARS INCLUDING 5.5% INTEREST, WITH A 15 YEAR DUE DATE.
PLEASE REFER TO SUPPLEMENT, CONTAINS FULL RENT SCHEDULE.
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Zoning LARD1.5
Interior
Heating Radiant
Flooring Carpet
Appliance Gas Water Heater
Laundry Community, Individual Room, See Remarks
Exterior
Garage Spaces 25.0
Fence Block, Wood
Pool None
Community Features Curbs, Gutters, Sidewalks, Street Lights, Suburban
Utilities Available Natural Gas Connected, Sewer Connected, Water Connected
View Y/N 1
View City Lights, Harbor
Roof Type Composition,See Remarks,Tar/Gravel
Private Pool No
Building
Lot Description 26-30 Units/Acre
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Contemporary
New Construction No
Others
Senior Community No
Security Features Automatic Gate,Security System
Special Listing Condition Standard
Lease Land No
Confidential INFO
BAC 2.5
TERMS Owner Will Carry
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW INSTRUCTIONS ALL SHOWINGS WILL ONLY BE MADE WITH AN OFFER SUBJECT TO INSPECTION. DO NOT DISTURB TENANTS.
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Bought with Peninsula Real Estate Network