2906 South San Pedro Street, Los Angeles, CA 90011

$600,000 Approx. USD 2 beds, 10 baths
11,070 sqft

Agent Remarks

Renovated 10 unit mixed-use building w/tremendous rental upside consisting of 3 street retail storefronts & 7 residential units on top. All major components of the building were upgraded approx. 15 to 20 years ago including the electrical, plumbing & structure itself (seismically retrofitted). Most recently, new windows and a roof were installed. The residential portion of the building consists of 5 - Singles & 2 - 1+1 units. Current rents are well below market offering a new investor the opportunity to add value by increasing rents over time. In addition, there is a vacant space at street level that could be rented out as storage or combined with an adjacent unit to create a larger storefront. Operating expenses are minimal as the building has been completely upgraded, it is separately metered for both gas & electricity, and there is no landscaping. Cash or hard-money loan is required as conventional financing is unlikely (in REAP w/Notice of Substandard Property clouding title).

Listing Details

Property type: (Multi-Family)
Status: Pending
MLS# 16-137396
List price is $600,000
Beds: 2
Baths: 10
Built in 1915
11,070 sqft
2 Story stories
County: Los Angeles
Zoning: LAM1
Parking type: None
Exterior features: Brick
Appliances: None
Heating description: Wall Gas
MLS area: Downtown L.A. (C42)

Last Updated: 5/18/2017

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

The listing is zoned LAM1.
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Lat/Long: 34.018543, -118.262977.
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Broker: Courtesy of Power Property Group
Listing Agent: Joshua Johnson

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