$2,399,000 - 357 W 9th Street, San Pedro

  • 0Beds
  • Baths
  • 7,800SQ. Feet
  • 0.21Acres

2 contiguous, 4 unit properties (2 APNs) comprising a fully-gated and secured 8 unit property. The buildings have very large units averaging almost 1,000 square feet each. The large 4 Bed units have a private yard and the other units enjoy the use of private balconies. The entire asset was tented and section 1 termite work completed, recently. In addition, new water heaters were recently installed. Also, the property's rental income is largely guaranteed every month. All units are Section 8, which means the income comes early every month without fail. Even better, all units are eligible for an increase - the allowable "city of LA" increase for 2019-2020 is 4%. And if you got rents to the maximum allowable, by Section 8, you'd be clicking along at over a 6% cap.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:19463592
  • Price:$2,399,000
  • Bathrooms:0.00
  • Square Footage:7,800
  • Acres:0.21
  • Year Built:1975
  • Type:Residential Income
  • Status:Closed

Community Information

  • Address:357 W 9th Street
  • Area:Plaza (185)
  • City:San Pedro
  • County:Los Angeles
  • State:CA
  • Zip Code:90731


  • Cooling:None
  • # of Stories:2


  • Lot Description:Sprinklers None

Additional Information

  • Date Listed:May 8th, 2019
  • Days on Market:107
  • Zoning:LARD1.5

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  • City:
    San Pedro
  • Price Range:
    $425,000 - $14,000,000
  • Current Listings:
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Provided By: Brice Head(01330706), Marcus & Millichap.

Based on information from California Regional Multiple Listing Service, Inc. as of December 11th, 2019 at 2:55am CST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.