338 W 9th Street, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
This well-maintained Triplex is a Strong Value Opportunity, listed at $949,000—positioned well below the $1,006,442 Fair Market Value by 5%. This valuation gap provides $57,442 in Instant Equity. Featuring a Condition Rating of 3, the property offers updated interiors and rare six-car parking. Located near the West Harbor waterfront development and top-rated schools like Taper Avenue Elementary, it combines long-term appreciation with immediate rental upside. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a strategic house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 338 W 9th Street Subject | $909,000* List Price | 0 | 0 | 2,766 | $343 | - |
A 939 941 W 17th Sold | $1,075,000 | 0 | 0 | 2,804 | $383 | 0.9 mi |
B 939 941 W 17th Sold | $1,075,000 | 6 | 4 | 2,804 | $383 | 0.9 mi |
C 1025 W 12th Sold | $1,150,000 | 0 | 0 | 2,760 | $417 | 0.9 mi |
D 221 W 10th Street Sold | $1,110,000 | 0 | 0 | 3,730 | $298 | 0.2 mi |
E 586 W 1st Street Sold | $850,000 | 0 | 0 | 3,428 | $248 | 0.6 mi |
F 1504 S Grand Active | $969,000 List Price | 6 | 4 | 3,343 | $290 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1977 but well-maintained triplex with significant interior updates including remodeled bathrooms, updated tile flooring, and attractive wood cabinetry. The property is functional, move-in ready for tenants, and shows clear pride of ownership despite its age.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Ideally situated within the San Pedro Historic Waterfront Business Improvement District, the property is walking distance to downtown and the high-profile West Harbor waterfront development, ensuring strong future appreciation.
The property features a uniform mix of three 2-bedroom, 1-bathroom units with significant interior updates to the ground-level units, including remodeled bathrooms and attractive wood cabinetry.
The mention of 'huge upside potential' indicates that current rents are likely significantly below market value, which may impact immediate cash-on-cash returns for the investor.
The property is zoned for several nearby schools with low performance ratings, such as Barton Hill Elementary (2/10) and Cabrillo Avenue Elementary (3/10), which could affect long-term family tenant demand.
This well-cared for triplex is perched high above the street and is ideally located within the San Pedro Historic Waterfront Business Improvement District, within walking distance to the vibrant downtown and the highly anticipated West Harbor waterfront development. This ideal unit mix of all two bedroom, one bath units, includes two units conveniently situated on the ground level, featuring updated tile flooring, remodeled bathrooms, attractive wood cabinetry, and tile countertops. The third unit is located upstairs and offers a private front patio that overlooks the property. This property also includes a shared laundry room with coin laundry for additional income, three single-car garages with alley access, and an additional parking space for each unit. Long-term tenants have taken excellent care of their homes, reflecting pride throughout the property and its low-maintenance grounds. The rents offer huge upside potential for the long-term investor looking for steady income and the tax benefits that come with owning rental property.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,766 | 2,425 | 56% |
| Lot Size | 5,003 | 5,006 | 50% |
| Price | $909.0K | $960.0K | 36% |
| Price per sq ft | $329 | $394 | 31% |
| Built year | 1977 | 1942 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 221 | 3% |
Jun 11, 2026
$909,000
$949,000
-4% Price Drop
Initial Listing
May 5, 2026
$949,000
Initial Listing
Jun 1, 2022
$880,000
Public Record