10401 San Pedro, Los Angeles, CA 90003

Description

Highlights: 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!

Features

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• 0.09 Acres
• 2 Stories