CA > Los Angeles
Los Angeles, CA 90011,2906 S San Pedro ST
Los Angeles, CA 90011,2906 S San Pedro ST
Los Angeles, CA 90011,2906 S San Pedro ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,995,000
Est. payment /mo
2 Beds
11 Baths
7,216 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,216 sqft

Price per Sqft $276

MLS Listing ID 25520821

Bedrooms 2

HOA Y/N No

Year Built 1915

Lot Size 4,748 Sqft

Property Description

Discover an incredible investment opportunity with this 11-unit mixed-use cash cow with tremendous upside, ideally located in vibrant Los Angeles, just a stone's throw from Downtown! Nestled on lively San Pedro Street, this property boasts fantastic visibility for its retail shops anchored by a supermarket. The second floor features 7 residential units, offering strong room for growth. Currently operating at a solid 6.19% cap rate and an 11.06 GRM, there's exciting potential to achieve a remarkable 11.25% cap rate and a 6.94 GRM in the future, much of it realizable in the near term with thriving retail tenants (supermarket occupying 2 spaces or 50% of the retail space) that have been present for years most of which continue to be on month to month leases. With 7,219 square feet of space, you'll find exceptional value at only $276 per square foot and $181,364 per unit. Whether you're pursuing a 1031 exchange or seeking immediate cash flow coupled with growth potential, this property is a fantastic choice!

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning R3

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features None

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5128015034

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Armin Soleimani • Global Platinum Properties, Inc.

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