1350 W 9th St
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1350 W 9th St
15 Unit Apartment Building $3,975,000 ($265,000/Unit) 4.49% Cap Rate San Pedro, CA 90732
Executive Summary
SoCal Coastal Capital is proud to present 1350 W 9th St, which is a value-add 15-unit property with substantial upside in the Vista Del Oro
neighborhood of San Pedro. It currently features one 3-bed/2-bath unit, eight 2-bed/1-bath units, and six 1-bed/1-bath units. The total rentable square footage is 12,070 square feet with select units offering balcony access. This property was built in 1973 and has successful completed a soft story retrofit. Current ownership owns full rights to the on-site laundry. Additionally, zoning is LARD1.5 with a lot size of 11,502 square feet providing ample on-site subterranean parking.
neighborhood of San Pedro. It currently features one 3-bed/2-bath unit, eight 2-bed/1-bath units, and six 1-bed/1-bath units. The total rentable square footage is 12,070 square feet with select units offering balcony access. This property was built in 1973 and has successful completed a soft story retrofit. Current ownership owns full rights to the on-site laundry. Additionally, zoning is LARD1.5 with a lot size of 11,502 square feet providing ample on-site subterranean parking.
Property Facts
| Price | $3,975,000 | Apartment Style | Low Rise |
| Price Per Unit | $265,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.26 AC |
| Cap Rate | 4.49% | Building Size | 12,070 SF |
| Gross Rent Multiplier | 13.47 | Average Occupancy | 100% |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 2.07/1,000 SF |
| Price | $3,975,000 |
| Price Per Unit | $265,000 |
| Sale Type | Investment |
| Cap Rate | 4.49% |
| Gross Rent Multiplier | 13.47 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 12,070 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2.07/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 8 | - | - |
| 3+2 | 1 | - | - |
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PROPERTY TAXES
| Parcel Number | 7459-019-024 | Improvements Assessment | $2,187,291 |
| Land Assessment | $1,312,373 | Total Assessment | $3,499,664 |
PROPERTY TAXES
Parcel Number
7459-019-024
Land Assessment
$1,312,373
Improvements Assessment
$2,187,291
Total Assessment
$3,499,664
zoning
| Zoning Code | RD1.5 |
| RD1.5 |
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Mario Gandara -
SoCal Coastal Capital
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1350 W 9th St
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