Unlock a remarkable investment opportunity with this exceptional 11-unit mixed-use property strategically situated in the dynamic heart of Los Angeles, mere minutes from Downtown! Located on the bustling San Pedro Street, this asset offers outstanding visibility for its retail establishments, anchored by a reliable supermarket. No retail experience required for… Read More this asset as all retailers have been here for 5-10 years +. The upper level features 7 well-appointed residential units, presenting significant opportunities for growth.Currently, the property operates at a robust 6.8% cap rate with a 10.25 GRM. Exciting potential exists to elevate these metrics to an impressive 12.2% cap rate and a 6.4 GRM in the near future, thanks to flourishing retail tenantsincluding a supermarket occupying 50% of the retail spacemost of whom remain on flexible month-to-month leases allowing immediate upside for a new owner. With a generous 7,219 square feet of total space, this investment offers exceptional value at just $256 per square foot and $ 168,182 per unit. Whether you're exploring a 1031 exchange or searching for immediate cash flow paired with growth possibilities, this property stands out as an ideal choice! Read Less
Courtesy of Global Platinum Properties, Inc. 424-394-1030
Listing Snapshot
Days Online
26
Last Updated
Property Type
Other
Beds
2
Square Ft.
7,216
Lot Size
0.11 Acres
Year Built
1915
MLS Number
25520821
30 Days Snapshot Of 90011
$517k
0%
(avg) sold price
0
-100%
homes sold
92
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Range/Oven
Building
7,216 sq ft, Built in 1915, Levels: Two, Attached
Cooling
Ceiling Fan
Disclosures
None
Garage
None
Heating
Wall
Lot
LotAcreage: 0.109, LotSizeArea: 4,747
Parking
TotalParking: 0
Property
NumberOfUnits: 11, Zoning: R3
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