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Listed by Adlai Hayes • Adlai Hayes
$1,925,000
Est. payment /mo
6 Beds
6 Baths
6,194 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 6,194 sqft
Price per Sqft $310
MLS Listing ID CRSR25245267
Bedrooms 6
Full Baths 6
HOA Y/N No
Year Built 1934
Lot Size 3,739 Sqft
Property Sub-Type Detached
Source Datashare California Regional
Property Description
Highlights: High-Upside Value-Add Opportunity (Loss to Lease Capture) The property offers substantial immediate income growth. With one residential unit currently vacant (allowing for market-rate initial leasing) and the other two residential units confirmed as "severely under-rented" (subject to RSO, built 1934), a stabilization strategy is clearly defined to significantly increase the Net Operating Income (NOI).Strategic Corner Lot & Owner-User Potential The building is perfectly positioned on a highly visible corner lot (104th St. and San Pedro St.). The commercial space, which housed the profitable "The T-shirt Spot" for 25 years, is ideal for a new owner-user to subsidize their mortgage and operating costs with the three streams of residential income, effectively lowering the cost of doing business. Description: Investment Opportunity: Corner Mixed-Use Property at 10401 S. San Pedro Street, L.A. 90003 This is a prime Mixed-Use investment and owner-user opportunity located on a highly visible corner lot in the heart of South Los Angeles. Property Highlights Address: 10401 S. San Pedro Street, Los Angeles, CA 90003 Property Type: Mixed-Use (Retail and Residential) Size: Approximately 6,194 Sq. Ft. total building area. Structure: Consists of two stand-alone, two-story buildings
Location
State CA
County Los Angeles
Interior
Cooling See Remarks
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Pool None
View None
Private Pool false
Building
Lot Description Corner Lot, Street Light(s)
Story 2
Water Public
Schools
School District Los Angeles Unified
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