2906 S San Pedro St - Apartments FOR SALE


Los Angeles, CA 90011- Southeast Los Angeles
$1,995,000 USD
310-666-2246
2906 S San Pedro St, Los Angeles, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/20
null | 6.19% Cap Rate

2906 S San Pedro St
Los Angeles, CA 90011
Southeast Los Angeles


HIGHLIGHTS

  • Rare investment opportunity with 6.19% existing cap rate / 11.06 GRM coupled with rental upside exceeding 50%
  • Long term retail tenants anchored by a supermarket with immediate realizable upside coupled with residential tenants with tremendous upside
  • Prime location in bustling Los Angeles, close to Downtown and easily accessible

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$180 USD /SF

# OF UNITS

11

PRICE/UNIT

$181,364

CAP RATE

6.19%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CASH COW WITH TREMENDOUS UPSIDE - 11 UNITS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

LAM1

APN/PARCEL ID

5128-015-041

ASK ABOUT THIS PROPERTY

Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.