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604 W 9th Street, San Pedro 90731

Huge 4 unit building priced under 13X GRM, lowest price per square foot in San Pedro. What a great opportunity for investors and savvy owner-occupied buyers alike! Located in the heart of San Pedro – this building consists of four large 2bed/1bath units, each with their own laundry room. Three out of the four units have been recently rehabbed/ updated with new appliances/ fixtures and two of these units will be delivered vacant at close of escrow. Each unit has a great layout and is separately metered for gas & electricity. With close proximity to Downtown San Pedro and the LA Waterfront (less than a mile from the new San Pedro Public Market, Space X Rocket & Spaceship Facility, Alta Sea Labs, Nelson One and other subsequent new developments), the new owner can capitalize on the resurgence of this strong rental market. Plus, there are plenty of local shops, restaurants, breweries, museums, transportation, parks, and Cabrillo Beach nearby for all to enjoy. This property has immense potential with solid income and is the perfect property to have in your portfolio.

offmarket

UNITS: 4

GROSS RENT MULTIPLIER: 3%

CAP RATE:

PRICE

$939,000

ANNUAL INCOME

$72,804

ANNUAL NOI

$49,135

ANNUAL EXPENSE

$21,485

Rental Cost Details

# OF UNITS # OF BEDROOMS # OF BATHS ACTUAL RENT TOTAL RENT PRO FORMA TOTAL PRO FORMA
121$0$0$1,750$1,750
121$0$0$1,750$1,750
121$1,725$1,725$1,750$1,750
121$817$817$1,750$1,750
TOTAL # OF UNITS TOTAL # OF BEDROOMS TOTAL # OF BATHS GRAND TOTAL RENT GRAND TOTAL PRO FORMA
484 $2,542 $7,000
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