Listing Courtesy of Brice Head with Marcus & Millichap
  • 0 / 0
  • 72
  • 1975
  • 8,960
Active Status Apartment Building
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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.

Address: 357 W 9TH ST
State: CA
City: San Pedro
County: Los Angeles
Zip Code: 90731
MLS#: 19463592
MLS Area: Plaza (185)

Price History

Date Price Event Change MLS#:
7/2/2019 $2,399,000 List Price -4% 19463592
5/8/2019 $2,499,000 List Price 19463592

Nearby Schools

Fifteenth Street Elementary School(Preschool-5)
Cabrillo Avenue Elementary School(K-5)
Mary Star Of The Sea Elementary School(Preschool-8)
Wiser Generation, The(1-12)
Barton Hill Elementary School(K-6)5
Mary Star Of The Sea Elementary School(Preschool-8)
Richard Henry Dana Middle School(6-8)5
Wiser Generation, The(1-12)
Barton Hill Elementary School(K-6)5
Alliance Alice M. Baxter College-Ready High(9-12)4
Port Of Los Angeles High School(9-12)4
Wiser Generation, The(1-12)
San Pedro Senior High School(9-12)3

Interior Details

  • Appliances:
  • Features:
  • Furnished:
  • Floor Type:
  • Cooling:None
  • Heating:Forced Air
  • Other Rooms:

Exterior Details

  • Home Construction
  • Features:
  • Exposure:
  • Roof Type:
  • Garage Spaces:
  • Pool:No
  • Utilities:
  • Lot Description:

Community Details

  • HOA:N $0/mo
    Fees Include:
  • Misc:Standard Sale

Rental Information

  • Rental Income:$0
  • Rental Number:0

Associated Agents

  • Listing Agent:Marcus & Millichap - Brice Head, CalBRE# 01330706

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Property Information Last Updated: 7/19/2019 9:43:45 PM
Listing Courtesy of Brice Head with Marcus & Millichap

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