2906 S San Pedro Street
Los Angeles, CA 90011
- – beds
- – baths
- – sqft
- 4,747 sqft lot
- 1915 build
- – on site
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!
Last checked:
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Last updated Apr 11, 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 |
|---|---|---|---|---|
|
4/3/25
Apr 3, 2025
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Listed / Active | CRMLS_CA | $1,995,000 | 299.0% (40.3% / YR) |
|
10/31/17
Oct 31, 2017
|
CRMLS_CA | $500,000 |
