Discover an incredible investment opportunity with this 11-unit mixed-use cash cow with tremendous upside, ideally located in vibrant Los Angeles, just a stone's throw from Downtown! Nestled on lively San Pedro Street, this property boasts fantastic visibility for its retail shops anchored by a supermarket. The second floor features 7… Read More residential units, offering strong room for growth. Currently operating at a solid 7.14% cap rate and an 9.82 GRM, there's exciting potential to achieve a remarkable 12.56% cap rate and a 6.28 GRM in the future, much of it realizable in the near term with thriving retail tenants (supermarket occupying 2 spaces or 50% of the retail space) that have been present for years most of which continue to be on month to month leases. With 7,216 square feet of space, you'll find exceptional value at only $248.75 per square foot and $163,82 per unit. Whether you're pursuing a 1031 exchange or seeking immediate cash flow coupled with growth potential, this property is a fantastic choice! Read Less
Property listed by Global Platinum Properties, Inc., Armin Soleimani 424-394-1030
Listing Snapshot
Days Online
83
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
$534k
-14%
(avg) sold price
7
+75%
homes sold
118
+87%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1915, Building area total: 7,216, Levels: Two, Living area: 7216, 2 stories, 1 building
Heating
WallFurnace
Income
Gross income: $182,832, Net operating income: $177,347
Lot
0.109 acres, 4,747 square feet, Size: 4,747
Parking
None
Property
Zoning: R3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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