15
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$1,520,000
Est. payment /mo
6,176 SqFt
New
963 West 9th San Pedro, CA 90731
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Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,176 sqft
Price per Sqft $246
MLS Listing ID SB-25272938
Year Built 1923
Lot Size 0.279 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
EXCEPTIONAL 8-UNIT INVESTMENT OPPORTUNITY IN VIBRANT SAN PEDRO | VALUE-ADD POTENTIAL
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.
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
Fireplaces Type None
Laundry Common Area
Exterior
Garage Spaces 7.0
Pool None
Community Features Sidewalks, Street Lights, Urban
Utilities Available Sewer Available, Water Available, Electricity Available, Natural Gas Available, Phone Available
Building
Lot Description Rectangular Lot, Walkstreet, Yard
Sewer Public Sewer
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