$ 1,695,000
-
$1,695,000
Price -
0
Bed -
6
Bath -
7,216
SqFt
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About the Listing CLW-X82397 - CLW-C120232,CLW-C131070
$100,000 price reduction, the seller is motivated! 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 7.63% cap rate and an 9.27 GRM, there's exciting potential to achieve a remarkable 13.7% cap rate and a 5.93 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 7,216 square feet of space, you'll find exceptional value at only $235 per square foot and $154k per unit. Whether you're pursuing a 1031 exchange or seeking immediate cash flow coupled with growth potential, this property is a fantastic choice!
Listing Highlights for 2906 S San Pedro St
Status
Active
Days on Site
155
Property Type
Multi-Family
MLS ®
25520821
Year Built
1915
Total Square Footage
7,216
Lot/Acreage
0.11
County
Los Angeles
Area
C42 - Downtown L.A.
Interior Details
- Bedrooms: 0
- Bathrooms: 6 Full
- Appliances: Refrigerator
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: R3
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5128015034
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
2906 S San Pedro St Los Angeles, CA 90011
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