S San Pedro St, Los Angeles, CA 90003
S San Pedro St, Los Angeles, CA 90003
S San Pedro St, Los Angeles, CA 90003
S San Pedro St, Los Angeles, CA 90003
S San Pedro St, Los Angeles, CA 90003
S San Pedro St, Los Angeles, CA 90003
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$ 1,650,000
Est. payment | /mo

16 Beds

8 Baths

10,670 SqFt


Save
$ 1,650,000
Est. payment | /mo
Save

16 Beds

8 Baths

10,670 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,670 sqft

Price per Sqft $154

MLS Listing ID 26999373

Bedrooms 16

Year Built 1929

Lot Size 7,040 Sqft

Acres 0.1616

Property Sub-Type Multi-Family

Property Description

6701 S San Pedro is an eight-unit apartment complex located in South Los Angeles, near Gage and east of the110 freeway. The building has an excellent unit mix of (2) 4 bedroom - 2 bath units, (2) 4 bedroom -1.5 bath units, (3) 3bedroom 1.5 bath units and 1-3 bedroom 1 bath unit. The complex is huge, boasting 10,670 square feet for an average of over 1,300 square feet per unit. The structure is situated on a corner lot and contains 7,040 square feet. Tenants will appreciate the large parking area behind the apartments. The building is in good condition, shows well and stands out in the area. Currently, the property is producing $13,845 per month. However, because the rents are substantially below market, this property has a market GRM of 6.03 and a market CAP of 12.67%. This is outstanding opportunity for an investor that understands how to utilize strategies to get the rents to market and enjoy double digit returns

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features Uncovered

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by McAlpin & Company

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S San Pedro St