2906 S San Pedro St

$100,000 price reduction, the seller is motivated!

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 7.63% cap rate and an 9.27 GRM, there's exciting potential to achieve a remarkable 13.7% cap rate and a 5.93 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 $235 per square foot and $154k per unit. Whether you're pursuing a 1031 exchange or seeking immediate cash flow coupled with growth potential, this property is a fantastic choice!

This home located at 2906 S San Pedro St is currently active and has been available on pardeeproperties.com for 127 days. This property is listed at $1,695,000. It has 2 beds and 11 bathrooms. The property was built in 1915. 2906 S San Pedro St is in the Downtown L.A. community of Los Angeles County.

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