1350 W 9th St 15 Unit Apartment Building $3,749,000 ($249,933/Unit) 5% Cap Rate San Pedro, CA 90732

Prime 15-Unit building situated in the highly sought-after Vista Del Oro neighborhood of San Pedro, built in 1973, offers a compelling investment opportunity. The property features a diverse unit mix consisting of one 3-bed/2-bath unit, eight 2-bed/1-bath units, and six 1-bed/1-bath units. Select units include private balconies with city and harbor views. Spacious central courtyard brings in abundant natural light. There's ample tenant parking within the secure subterranean garage. This building has undergone significant capital improvements, including completed soft-story seismic retrofit, replacement of electrical breakers, new exterior paint and railings. Currently operating at a 5.0% cap rate with a 12.44 GRM, this asset offers SELLER FINANCING options and strong future upside in this desirable coastal community. Walking distance to Weymouth Corner Shopping Center and Averill Park, offers a blend of convenience, lifestyle amenities and strong future growth potential. 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. This property is minutes from the 42-acre West Harbor redevelopment, a complete reimaging of the former Ports O' Call Village, offering restaurants, retail, fresh market, waterfront promenade, open-air amphitheater and more.