6 Beds
6 Baths
6,194 SqFt
6 Beds
6 Baths
6,194 SqFt
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,194 sqft
Price per Sqft $310
MLS Listing ID SR25245267
Bedrooms 6
Full Baths 6
HOA Y/N No
Year Built 1934
Lot Size 3,737 Sqft
Property Sub-Type Mixed Use
Property Description
High-Upside Value-Add Opportunity (Loss to Lease Capture) The property offers substantial immediate income growth. With one residential unit currently vacant (allowing for market-rate initial leasing) and the other two residential units confirmed as "severely under-rented" (subject to RSO, built 1934), a stabilization strategy is clearly defined to significantly increase the Net Operating Income (NOI).Strategic Corner Lot & Owner-User Potential The building is perfectly positioned on a highly visible corner lot (104th St. and San Pedro St.). The commercial space, which housed the profitable "The T-shirt Spot" for 25 years, is ideal for a new owner-user to subsidize their mortgage and operating costs with the three streams of residential income, effectively lowering the cost of doing business.
Description:
Investment Opportunity: Corner Mixed-Use Property at 10401 S. San Pedro Street, L.A. 90003
This is a prime Mixed-Use investment and owner-user opportunity located on a highly visible corner lot in the heart of South Los Angeles.
Property Highlights
Address: 10401 S. San Pedro Street, Los Angeles, CA 90003
Property Type: Mixed-Use (Retail and Residential)
Size: Approximately 6,194 Sq. Ft. total building area.
Structure: Consists of two stand-alone, two-story buildings.
Unit Mix (4 Units Total):
1 Retail/Commercial Unit
3 Apartment Units
Corner Location: Situated directly on the corner of 104th Street and San Pedro Street, ensuring maximum street visibility and accessibility.
Owner-User Advantage: The retail unit has housed a successful and profitable business, "The T-shirt Spot," operated by the current owner for the last 25 years, offering immediate income potential or an established location for a new owner's venture.
Location & Value-Add Appeal for Buyers
This property's location offers significant appeal for investors seeking growth and owner-users who value an established footprint:
Revitalization and Growth: Directly across the street is a new apartment development, signaling a wave of neighborhood revitalization and potential for increasing rental demand and property values. The presence of new housing developments often brings new consumers and services to the area.
SUBMIT SUBJECT TO INSPECTION. Buyer to verify all square footage, unit mix, zoning, and potential repair costs. Don't miss out on this fantastic opportunity to expand your portfolio!
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Rooms
Basement Finished
Main Level Bedrooms 5
Interior
Cooling See Remarks
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Pool None
Community Features Curbs, Street Lights, Sidewalks
View Y/N No
View None
Private Pool No
Building
Lot Description 2-5 Units/Acre, Corner Lot
Dwelling Type Mixed Use
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 6063018035
Acceptable Financing Conventional, Owner May Carry
Listing Terms Conventional, Owner May Carry
Special Listing Condition Trust
NEARBY SCHOOL & BUSINESS
- 9
Anderson K - 8 School
Public | KG - 8
- 7
McKinley Elementary School
Public | KG - 5
- 7
Thomas Jefferson Elementary School
Public | PK - 8
- 6
Kipp Empower Academy
Public | KG - 4
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Watts Learning Center
Public | KG - 5
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122nd Street Elementary
Public | KG - 5
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99th Street Elementary School
Public | PK - 6
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Ardella B. Tibby K-8 School
Public | KG - 8
- 6
Aspire Titan Academy
Public | KG - 5
- 5
La Salle Avenue School
Public | KG - 5
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118th Street Elementary
Public | KG - 5
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66th Street Elementary School
Public | KG - 6
- 5
Kipp Philosophers Academy
Public | 5 - 8
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Wisdom Elementary School
Public | PK - 6
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Lillian Street Elementary School
Public | KG - 6
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Florence Avenue Elementary School
Public | KG - 6
- 5
Aspire Junior Collegiate Academy
Public | KG - 5
- 5
Dickison Elementary School
Public | KG - 8
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Rosecrans Elementary School
Public | KG - 6
- 4
Figueroa Street Elementary School
Public | KG - 5
- 6
Alliance College-Ready Middle Academy No. 4
Public | 6 - 8
- 5
Aspire Centennial College Preparatory Academy
Public | 6 - 8
- 5
Walnut Park Middle School - STEM Academy
Public | 6 - 8
- 4
Vanguard Learning Center
Public | 6 - 8
- 4
Alliance Jack H. Skirball Middle School
Public | 6 - 8
- 4
New Designs Charter School-Watts
Public | 6 - 12
- 4
Thomas Alva Edison Middle School
Public | 6 - 8
- 2
Bethune Middle School
Public | 7 - 8
- 2
Animo Charter Middle No. 2
Public | 6 - 8
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Drew Middle School
Public | 7 - 8
- 2
Prepa Tec - los Angeles
Public | 6 - 8
- 1
Horace Mann Junior High School
Public | 6 - 8
- 1
John Muir Middle School
Public | 6 - 8
- 1
Bret Harte Preparatory
Public | 6 - 8
- 1
Samuel Gompers Middle School
Public | 6 - 8
- 1
Watts Learning Center Charter Middle School
Public | 6 - 8
- 1
Edwin Markham Middle School
Public | 6 - 8
- 1
Willowbrook Middle School
Public | 6 - 8
- 1
Davis Middle School
Public | 6 - 8
- 1
Bunche Middle School
Public | 6 - 8
- 9
King/Drew Medical Magnet High School
Public | 9 - 12
- 8
Middle College High School
Public | 9 - 12
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Animo Pat Brown
Public | 9 - 12
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Alliance Huntington Park College-Ready Academy High School
Public | 9 - 12
- 7
Alliance Judy Ivie Burton Technology Academy High School
Public | 9 - 12
- 7
Linda Marquez High School - Libra Academy
Public | 9 - 12
- 6
Alliance Health Services Academy High School
Public | 9 - 12
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Alliance Cindy and Bill Simon Technology Academy H
Public | 9 - 12
- 6
Linda Marquez High School - Huntington Park Institute of Applied Medicine
Public | 9 - 12
- 5
Animo South los Angeles Charter
Public | 9 - 12
- 5
Animo Watts College Preparatory Academy
Public | 9 - 12
- 5
Public Service Community High School - Diego Rivera Learning Complex
Public | 9 - 12
- 5
Linda Marquez High School - School of Social Justice
Public | 9 - 12
- 4
Green Design STEAM Academy - Diego Rivera Learning Complex
Public | 9 - 12
- 3
Communication & Technology School - Diego Rivera Learning Complex
Public | 9 - 12
- 2
Augustus F. Hawkins High School - Critical Design and Gaming
Public | 9 - 12
- 2
Dymally High School
Public | 9 - 12
- 2
Performing Arts Community School - Diego Rivera Learning Complex
Public | 9 - 12
- 2
Centennial High School
Public | 9 - 12
- 2
David Starr Jordan High School
Public | 9 - 12