2906 S San Pedro Street
Los Angeles, CA 90011
- – beds
- – baths
- – sqft
- 4,747 sqft lot
- 1915 build
- – on site
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!
Last checked:
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Last updated May 1, 2025
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MLS# 25520821 —
The Building
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Year Built:1915
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New Construction:No
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Building Area Total:7216.00
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Total Number Of Units:11
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:Located between Adams and Jefferson, mid-block on the east side of San Pedro.
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Latitude:34.01854400
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Longitude:-118.26298000
The Property
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Property Type:Residential Income
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Zoning:R3
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Lot Size Area:4747.0000
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Lot Size Acres:0.1090
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Lot Size SqFt:4747.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5128015034
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Appliances:Refrigerator
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:No
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Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/28/25
Apr 28, 2025
|
Price Changed | CRMLS_CA | $1,850,000 | -7.3% |
|
4/3/25
Apr 3, 2025
|
Listed / Active | CRMLS_CA | $1,995,000 | 299.0% (40.3% / YR) |
|
10/31/17
Oct 31, 2017
|
CRMLS_CA | $500,000 |
