Two-Residence
1129 W 9th Street, San Pedro, CA 90731
For Sale
$1,099,000
Pending
Two separate homes share a parcel with a detached garage, backyard patio, fruit trees, and planters.
Property Size2,295 SF
Lot Size0.15 Acres
Days on Market49
Property Features for 1129 W 9th Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Amenities
patio
fruit trees
storage sheds
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Compass
Listed By:
Gary Krill · License CA #01086159
(310) 994-3922
Source:
2buy
Added: Sep 28
Changed: Nov 13
Last Checked: Nov 14 at 1:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This duplex property includes a 1,484-square-foot Craftsman-style residence built in 1923, with 3 bedrooms and 2 bathrooms, plus a separate 811-square-foot cottage built in 1957, with 2 bedrooms and 1 bathroom. The main home has a fireplace, formal dining room, breakfast nook, remodeled kitchen, indoor laundry closets, and refinished oak floors. The cottage includes kitchen laundry hookups and a full bathroom with a shower over tub. The two homes sit on a flat 6,750-square-foot lot. A detached 2-car garage is also on site; conversion to an ADU is subject to buyer verification.
The backyard features a patio, fruit trees, planters, and storage sheds. Averill Park and Weymouth Corners are a few blocks away.
The backyard features a patio, fruit trees, planters, and storage sheds. Averill Park and Weymouth Corners are a few blocks away.
Key Highlights
- Two residences: a 3‑bedroom, 2‑bathroom home and a 2‑bedroom, 1‑bathroom cottage
- Main home: 1,484 square feet; built in 1923
- Rear cottage: 811 square feet; built in 1957
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,079
Cap Rate
3.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,580
$801.6K
Cap Rate 7%
$572,557
$572.6K
Cap Rate 9%
$445,322
$445.3K
Market Conditions
NOI Build-Up for 2,295 SF
Gross rent
$62.0K $27.00/SF
− Vacancy
−$4.7K −$2.05/SF
EGI
$57.3K $24.95/SF
− OpEx
−$17.2K −$7.48/SF
NOI
$40.1K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,580
Cap Rate 7%
$572,557
Cap Rate 9%
$445,322
Alternative Uses
Best Use
Multifamily LT 5
$572.6K
$501.0K – $668.0K
NOI $40,079 @ 7.0% cap · market cap 3.65%
Second Best
Apartment 5plus
$527.5K
$461.6K – $615.5K
NOI $36,928 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$958.2K
$838.4K – $1.12M
NOI $67,073 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
11,823
Businesses Nearby
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Business Placement
Demographics for 90731, CA
61,270
Population
24,477
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
81%
High-School Grad
9.3 sq mi
ZIP Area
6,588
Density / Sq Mi
$71,936
Median Household Income
$41,324
Median Earnings
$1,645
Median Rent
$808,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in San Pedro, CA
Properties on Market for Duplexes in San Pedro
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate homes share a parcel with a detached garage, backyard patio, fruit trees, and planters.
Where is this duplex located?
The property is located at 1129 W 9th Street San Pedro, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two residences: a 3‑bedroom, 2‑bathroom home and a 2‑bedroom, 1‑bathroom cottage; Main home: 1,484 square feet; built in 1923; Rear cottage: 811 square feet; built in 1957
