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
20
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$1,850,000
Est. payment /mo
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2 Beds
11 Baths
7,216 SqFt
Price Dropped by $145K

2906 S San Pedro St Los Angeles, CA 90011

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Kandy Katz

Kandy Katz

+1(214) 514-0472

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,216 sqft

Price per Sqft $256

MLS Listing ID 25520821

Bedrooms 2

Year Built 1915

Lot Size 4,747 Sqft

Acres 0.109

Property Sub-Type Multi-Family

Property Description

Unlock a remarkable investment opportunity with this exceptional 11-unit mixed-use property strategically situated in the dynamic heart of Los Angeles, mere minutes from Downtown! Located on the bustling San Pedro Street, this asset offers outstanding visibility for its retail establishments, anchored by a reliable supermarket. No retail experience required for this asset as all retailers have been here for 5-10 years +. The upper level features 7 well-appointed residential units, presenting significant opportunities for growth.Currently, the property operates at a robust 6.8% cap rate with a 10.25 GRM. Exciting potential exists to elevate these metrics to an impressive 12.2% cap rate and a 6.4 GRM in the near future, thanks to flourishing retail tenantsincluding a supermarket occupying 50% of the retail spacemost of whom remain on flexible month-to-month leases allowing immediate upside for a new owner. With a generous 7,219 square feet of total space, this investment offers exceptional value at just $256 per square foot and $ 168,182 per unit. Whether you're exploring a 1031 exchange or searching for immediate cash flow paired with growth possibilities, this property stands out as an ideal choice!

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning R3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Ceiling Fan

Equipment Refrigerator, Range/Oven

Exterior

Parking Features None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Global Platinum Properties, Inc.

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agent
Kandy Katz

Agent | RE. S.0195787

+1(214) 514-0472

3042 S Durango Dr, Las Vegas, NV, 89117-9186, USA

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2906 S San Pedro St