963 W 9th San Pedro, CA 90731
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25272938
HOA Y/N No
Year Built 1923
Property Sub-Type Apartment
Property Description
A unique 8-unit multi-family property, perfectly positioned in the desirable San Pedro neighborhood of Vista Del Oro. Exceptional opportunity for investors to maximize returns through strategic upgrades and development.
8 units across 3 buildings (total of 6,176 SF) on a massive 12,161 SF lot zoned LA RD1.5 present ample space for potential expansion and development.
The separate garage structure with 7 single-car garages offers a prime opportunity for conversion into ADUs, substantially increasing unit count and cash flow.
Excellent in-place income averaging $1,398/unit (SEE SUPPLEMENTS FOR FULL OM), with upside potential via remodeling and renting the vacant unit at top market rent and raising rent to existing tenants (all are due for annual rent increase). Property is subject to LA City RSO.
On-Site Amenities: Additional income streams from convenient on-site laundry (leased equipment) and storage.
UNIT DETAILS AND DISCLOSURES:
Per Assessor Records, all units are 1-bedroom units. However, units appear to function as proper 2-bedroom units, each featuring windows and closets.***
Disclosure: Seller makes no representations or warranties regarding the legal bedroom count or the feasibility of ADU conversions. Buyer is solely responsible for independently investigating and verifying all information, including square footage, property condition, zoning, permits, and all applicable local/state ADU requirements, to their full satisfaction.
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 7.0
Garage Description 7.0
Pool None
Community Features Street Lights, Sidewalks, Urban
Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Total Parking Spaces 7
Private Pool No
Building
Lot Description Rectangular Lot, Walkstreet, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7458007008
Energy Description 490.0
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
