2906 S San Pedro Street, Los Angeles, CA 90011 - Berkshire Hathaway HomeServices California Properties
2906 S San Pedro Street Los Angeles, CA 90011
$1,850,000 2 beds, 11 baths
7, 216 sqft

Agent Remarks

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!

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25520821
List price is $1,850,000 Reduced by $145,000 on 4/28/2025
Beds: 2
Baths: 11
Built in 1915
7,216 sqft
2 stories
0.11 acres
Lot size: 0.1090
County: Los Angeles
Zoning: R3
Appliances: Refrigerator
Parking description: None
Heating description: Wall Furnace
MLS area: C42 - Downtown L.A.

Last Updated: 5/1/2025

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This listing belongs to the C42 - Downtown L.A. MLS area

Lat/Long: 34.018544, -118.262980.
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Listing Agent: Armin Soleimani
Co Listing Agent: Julio Ruiz
Lic#: 01234982
Office Name: Mission Viejo

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