9004 S San Pedro Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

9004 S San Pedro Street, Los Angeles, California 90003 home-pic-0
ACTIVE$1,279,000
9004 S San Pedro Street, Los Angeles, California 90003
0Bed
0Bath
4,260Sqft
5,746Lot
Year Built
2009
Close
-
List price
$1.28M
Original List price
$1.6M
Price/Sqft
$300
HOA
-
Days on market
-
Sold On
-
MLS number
PW23168082
Home ConditionGood
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.28M(95th), sqft - 4260(95th), beds - undefined(50th), baths - undefined(50th).

Price Reduction!!! Seller Is Motivated!!! This 3 Unit Multi-Family Residential Triplex Features Both Unit 1 & 2 are 4 Bedrooms and 2 & 1/2 Bathrooms each. Unit 3 is a 3 Bedroom and 2 Bathroom unit. All 3 Units feature a Master Bedroom with their Private Bathroom. Unit 1 has a 2 Car Garage and Units 2 & 3 both have a 2 Car Tandem Garage each. The 3 Units Total Living Area is 4,260 Square Feet. The Property is Multi-Family Residential but is Zoned LAR4. Check with the City of Los Angeles to confirm Current Zoning. The property has ample Parking in Front of the 3 Garages Accessed through the Alley off E 90th Street. Tenants have additional Parking on 90th Street alongside of the Complex Entrances. The Units have been Approved and are Under Section 8. Unit 1 is currently Vacant and can be renovated by the close of escrow or Seller is willing to credit $4500.00 at the close of escrow. The Section 8 market rent for the this 4 Bedroom unit is $4,320.00 effective as 01-01-2024. The rents are be below market. Potential Buyers May Increase the Rent in compliance with the governing Laws. Information is Deemed reliable. Agents to do your due diligence to confirm accuracy of information. The City of Los Angeles is known for its revitalization, Public Transportation, Schools, Shops, Restaurants and much more. Don't Let This Great Opportunity Pass You By!!!

Condition Rating
Good

The property was built in 2009, placing it within the 'good' category's age range. The listing mentions potential renovations and credits for Unit 1, suggesting it might need some updates, but overall, the units are functional and Section 8 approved. The images show relatively modern interiors, and while not explicitly stated as fully renovated, they don't indicate significant disrepair. Therefore, a 'good' rating is appropriate, indicating move-in readiness with potential for minor improvements.
Pros & Cons

Pros

Income Potential: The property is a triplex with existing Section 8 tenants, providing immediate rental income.
Large Units: Units are spacious, featuring multiple bedrooms and bathrooms, appealing to families.
Parking: Ample parking is available with garages for each unit and additional street parking.

Cons

Below Market Rents: Current rents are below market value, requiring potential rent increases to maximize income.
Unit 1 Renovation: Unit 1 is currently vacant and requires renovation, adding to initial investment costs.

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