2906 S SAN PEDRO STREET, LOS ANGELES CA 90011
- 7,216 sq.ft.
- 4,747 sq.ft. lot
Property Description
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 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!
Listing Courtesy of Armin Soleimani, Global Platinum Properties, Inc.
Interior Features
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