338 W 9th Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$950,000
338 W 9th Street, San Pedro, California 90731
0Bed
0Bath
2,766Sqft
5,003Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Top Cons:
Property Age & Potential for Updates: Built in 1977, the property is nearly 50 years old, suggesting potential for deferred maintenance or the need for significant capital expenditures to modernize units and systems to maximize rental income.
Compared to the nearby listings
Price:$950.0K vs avg $1.06M ($-114,500)43%
Size:2,766 sqft vs avg 2,387.5 sqft62%
Price/sqft:$343 vs avg $41924%
More Insights
Built in 1977 (48 years old).
Condition: The property was built in 1977, making it 47 years old. While the units appear well-maintained and clean, as noted in the description, the interior finishes, particularly in the kitchens and bathrooms, are dated. The kitchens feature older-style cabinets (some painted brown, some lighter wood), older tile backsplashes, and a mix of appliance ages (some newer stainless steel, some older white). The bathrooms have functional but uninspired vanities with granite/quartz countertops and basic shower/tub combos, suggesting renovations that are likely 15-25 years old rather than recent. Flooring is a mix of wood-look tile and carpet. There's no evidence of extensive recent renovations (within the last 5-15 years) that would elevate it to 'Good' or 'Excellent' status. The property is functional and livable but shows its age and would benefit from cosmetic updates to meet current market expectations.
Year Built
1977
Close
-
List price
$950K
Original List price
$980K
Price/Sqft
$343
HOA
-
Days on market
-
Sold On
-
MLS number
PW24130437
Home ConditionFair
Features
View-
About this home
Easy to maintain triplex situated above the street in the heart of San Pedro's bustling art and theater district, waterfront development, West Harbor and vibrant downtown. The front unit has the feel of a single family with a garden on a single level and has a single-level unit behind it with a third unit on the second floor above with its own front patio and nice, bright vantage point. Each unit has a garage with a front parking space in the alley and there is a shared laundry room. Long-term tenants show pride in their well-kept units and the grounds are easy, low-maintenance. The San Pedro and West Harbor development and social renaissance has been phenomenal.
Nearby schools
5/10
Fifteenth Street Elementary School
Public,•K-5•0.4mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.6mi
2/10
Barton Hill Elementary School
Public,•K-6•0.7mi
5/10
Bandini Street Elementary School
Public,•K-6•1.1mi
5/10
Leland Street Elementary School
Public,•K-6•1.2mi
4/10
Seventh Street Elementary School
Public,•K-5•1.6mi
9/10
Park Western Place Elementary School
Public,•K-5•1.6mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.9mi
9/10
Taper Avenue Elementary School
Public,•K-5•2.0mi
7/10
White Point Elementary School
Public,•K-6•2.0mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•2.4mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•2.7mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.9mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.9mi
6/10
Harbor City Elementary School
Public,•K-5•4.1mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.7mi
8/10
Miraleste Intermediate School
Public,•6-8•2.6mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.7mi
6/10
Alexander Fleming Middle School
Public,•6-8•4.2mi
4/10
Hudson K-8
Public,•K-8•5.7mi
6/10
San Pedro Senior High School
Public,•9-12•0.9mi
5/10
Phineas Banning Senior High School
Public,•9-12•4.2mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•4.9mi
3/10
Cabrillo High School
Public,•9-12•5.6mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•6.0mi
8/10
Palos Verdes High School
Public,•9-12•8.4mi
Price History
Date
Event
Price
06/01/22
Sold
$880,000
Condition Rating
Fair
The property was built in 1977, making it 47 years old. While the units appear well-maintained and clean, as noted in the description, the interior finishes, particularly in the kitchens and bathrooms, are dated. The kitchens feature older-style cabinets (some painted brown, some lighter wood), older tile backsplashes, and a mix of appliance ages (some newer stainless steel, some older white). The bathrooms have functional but uninspired vanities with granite/quartz countertops and basic shower/tub combos, suggesting renovations that are likely 15-25 years old rather than recent. Flooring is a mix of wood-look tile and carpet. There's no evidence of extensive recent renovations (within the last 5-15 years) that would elevate it to 'Good' or 'Excellent' status. The property is functional and livable but shows its age and would benefit from cosmetic updates to meet current market expectations.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Income-Generating Triplex: The property is a triplex explicitly designed as a residential income property, offering multiple rental streams and a diversified investment.
Prime & Developing Location: Situated in the heart of San Pedro's bustling art and theater district, near the waterfront development, West Harbor, and vibrant downtown, indicating high demand and potential for appreciation.
Established Tenant Base: The presence of long-term tenants who show pride in their well-kept units suggests stable rental income and potentially lower turnover rates.
Desirable Parking & Laundry: Each unit benefits from a dedicated garage and an additional front parking space, along with a shared laundry room, adding significant convenience and value for tenants.
Low Maintenance Property: Described as 'easy to maintain' with 'low-maintenance grounds,' which is highly attractive for investors seeking to minimize operational costs and effort.
Cons
Property Age & Potential for Updates: Built in 1977, the property is nearly 50 years old, suggesting potential for deferred maintenance or the need for significant capital expenditures to modernize units and systems to maximize rental income.
Price Reduction & Market Perception: The property has seen a price reduction from its original list price of $980,000 to $950,000, and the current list price is notably higher than its last sale in 2022 ($880,000), which could indicate initial overpricing or a need for market adjustment.
Shared Laundry Facility: While a convenience, a shared laundry room might be less appealing to some prospective tenants compared to in-unit laundry, potentially limiting the tenant pool or rental income potential for premium units.