For more information on this property,
contact Mike Harper at 310-850-9951 or mike@hhcoastal.com
611
W
9th Street,
San Pedro,
California
CA
90731-3107
Sold For: $1,400,000
Listing ID PV21083429
Status Closed
SqFt 7,047
Year Built 1940
Property Description:
Located on a high visibility corner lot, this 9 unit commercial building offers a substantial investment opportunity. Zoned LAC2 with three separate buildings totaling over 7,000sf of storefront and office space. Longer-term tenants with ample parking (approx 9 spaces) in gated rear lot (just under 15,000sf) with accessibility from Grand Ave. Just below Gaffey, which is the main artery off the 110 fwy into San Pedro. Minutes from Historic Downtown San Pedro Business District and the Los Angeles Waterfront. Potential for rezoning and/or the continued development of current commercial uses. Current monthly income (2 vacancies) is $6,8000 with annual income of $81,600. Perfect for the owner-operator that would like to own with the benefit of ongoing rental income. APN includes the following addresses: 601-615 W 9th St. & 915-919 S Grand Ave.
Primary Features
County:
Los Angeles
Price Before Reduction:
1589000
Price Reduction Date:
2021-09-01T19:15:29+00:00
Price/SqFt:
198.67
Property Sub Type:
Office
Property Type:
Commercial Sale
Year Built:
1940
Zoning:
LAC2
Interior
Building Area Units:
Square Feet
Condo Area Units:
Square Feet
Cooling Type:
Central Air
Cooling:
yes
Laundry Features:
None
External
Construction Materials:
Stucco
Lot Size Source:
Assessor
Minimum Total Area Units:
Square Feet
Number Of Buildings:
3
Parking Total:
9
Signage:
Sign on Building
Uncovered Spaces:
9
Water Source:
Public
Location
Country:
US
MLS Area Major:
185 - Plaza
Additional
Additional Parcels:
no
Building Status:
Existing
Co List Agent State License:
01897455
Co List Office State License:
01501084
Current Use Comments:
Storefronts/Offices
Days On Market:
152
Land Use:
Office, Other, Retail
List Agent State License:
01381971
List Office State License:
01385864
Max Total Area Units:
Square Feet
Number Of Units Leased:
8
Number Of Units Total:
9
Parcel Number:
7454010028
Utilities:
Electricity Connected, Sewer Connected, Water Connected
Year Built Source:
Assessor
Financial
Accounting Type:
Actual
Cap Rate:
5.2
Expense Year:
2020
Gross Scheduled Income:
81600
Insurance Expense:
4562
Investment Property:
no
Maintenance Expense:
3000
Net Operating Income:
78596
Operating Expense:
10804
Special Listing Conditions:
Trust
Trash Expense:
3042
Water Sewer Expense:
200
Zoning Info
Area Info
© 2023. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any correspondence from IDX pages are routed to HH Coastal Real Estate or one of their associates. Last updated Thursday, June 8th, 2023.
Based on information from CARETS as of Thursday, June 8th, 2023 06:38:32 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information from CARETS as of Thursday, June 8th, 2023 06:38:32 PM. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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