10401 S San Pedro Los Angeles, CA 90003
UPDATED:
Key Details
Property Type Single Family Home
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
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
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