Sold for $770,000 on 01/08/24
Listing Provided by:
Melina Kalachian DRE #01877904 (818)522-1900,
Keller Williams Realty,
Vince Kalachian DRE #01172350 818-631-8855,
Keller Williams Realty
Bought with: Keller Williams Realty
$770,000
10007 S San Pedro St, Los Angeles, CA 90003
9beds
20baths
4,966sqft
Mixed Use
Built in 1924
-- sqft lot
$1,223,500 Zestimate®
$155/sqft
$3,150 Estimated rent
Owner options
What's special
Kalachian Investment Group is pleased to present this mixed-use property situated on a large corner lot in the heart of Los Angeles and featuring a retail unit alongside five residential units. All five residential units are currently occupied and three of them being rented through the Section 8 program. This presents a stable and reliable source of rental income for the new owner. The property has excellent upside rental potential, as the current rents are below market averages in the area. This provides an opportunity for the new owner to maximize their returns. The property is fully occupied and has a strong rental history, making it an attractive investment opportunity. The retail unit is an +/-810 SF beauty salon that is currently rented on a month-to-month basis. Property also has billboard income coming in due to its location.Built in 1924-1953, the building is +/-4,156 SF has a favorable unit mix of (2) Studios, (2) 3+1 (1) 3+1.5, situated on a +/-10,468 SF of total land. The property has a combined size of +/-4,966 SF building size, It is subject to Rent Stabilization Ordinance (RSO)
Zillow last checked: 8 hours ago
Listing updated: January 09, 2024 at 11:55am
Listing Provided by:
Melina Kalachian DRE #01877904 (818)522-1900,
Keller Williams Realty,
Vince Kalachian DRE #01172350 818-631-8855,
Keller Williams Realty
Bought with:
Melina Kalachian, DRE #01877904
Keller Williams Realty
Source: CRMLS,MLS#: P1-13461
Originating MLS: California Regional MLS (Ventura & Pasadena-Foothills AORs)
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 20
Heating
- Has Heating (Unspecified Type)
Cooling
- None
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 4,966
- Total interior livable area: 4,966 sqft
Property
Parking
- Total spaces: 9
- Parking features: One Space, Uncovered
- Garage spaces: 9
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: None
Lot
- Size: 10,468 sqft
- Features: 6-10 Units/Acre, Sprinklers None
Details
- Parcel number: 6063002034
- Zoning: [Q]R4-1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subtype: Mixed Use
Materials
- Roof: Flat,Shingle
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: Sewer Tap Paid
- Water: See Remarks
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Los Angeles
- Subdivision: Not Applicable
HOA & financial
Other financial information
- Total actual rent: 77340
Other
Other facts
- Listing terms: Cash to New Loan
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,223,500