2906 S San Pedro Street
Los Angeles, CA 90011
7216 sqft | 2 beds | 0.11 acres | #25520821
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!
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$1,995,000
- MLS #25520821
- MLS #25520821
- Cost1995000
- Acres0.109
- Square Feet7216
- Year Built1915
- Bedrooms2
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Armin Soleimani (#CLW-C120232)
Listing Office: Global Platinum Properties, Inc. (#CLW-X82397)
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