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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

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    $4,730/mo

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    $4,730/mo

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    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#: P1-13461MLS LogoOriginating 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
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    Estimated market value
    $1,223,500