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611 W 9th Street

San Pedro, CA 90731
  • $1,589,000
  • STATUS: Active
  • ON SITE: 101 days
  • ID#: PV21083429
UPDATED: 36 min ago
$1,589,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1940
County:
Area:

School Ratings & Info

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 (1 vacancy) is $7,450 with annual income of $89,400. 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T09:25:13.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
www.therealestategirl.com/homes/116426985
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611 W 9th Street San Pedro, CA 90731

  • Price: $1,589,000
  • Status: Active
  • Updated: 36 min ago
  • ID#: PV21083429
0
Beds
0
Baths
0
½ Baths
0.34
Acres
1940
Built
Neighborhood:
185 - Plaza
County:
Los Angeles
Area:
185 - Plaza
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 (1 vacancy) is $7,450 with annual income of $89,400. 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.
Exterior Features

Construction Materials Stucco Lot Features Corner Lot Open Parking Spaces 9 Parking Total 9 Sign On Property YN No

Interior Features

Cooling Central Air Cooling YN Yes

Property Features

Additional Parcels YN No Business Type Barber/BeautyClothingCommercialHealth Services Cap Rate 4.7 Common Interest None Gross Scheduled Income 89400 Insurance Expense 4562 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Submit Maintenance Expense 3000 Net Operating Income 78596 Number Of Units Leased 8 Operating Expense 10804 Property Sub Type Office Special Listing Conditions Trust Trash Expense 3042 Utilities Electricity ConnectedSewer ConnectedWater Connected Water Sewer Expense 200 Water Source Public Zoning Lac2

Listing provided courtesy of Michael Harper of Keller Williams Palos Verdes and Peter Hazdovac of Keller Williams Realty


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T09:25:13.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
 
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