10007 San Pedro Street, Los Angeles, CA 90003
Property
Sold January 2024
Listing Agent: Melina Kalachian (DRE #01877904) · Listing Office: Keller Williams Realty · Contact: (818) 522-1900 · Bought with: Melina Kalachian · Keller Williams Realty · MLS #P1-13461 · Source: CRMLS
About this property
Kalachian Investment Group is pleased to present this mixed-use property situated on a large corner lot in the heart of Los Angeles and featuring a retail unit alongside five residential units. All five residential units are currently occupied and three of them being rented through the Section 8 program. This presents a stable and reliable source of rental income for the new owner. The property has excellent upside rental potential, as the current rents are below market averages in the area. This provides an opportunity for the new owner to maximize their returns. The property is fully occupied and has a strong rental history, making it an attractive investment opportunity. The retail unit is an +/-810 SF beauty salon that is currently rented on a month-to-month basis. Property also has billboard income coming in due to its location.Built in 1924-1953, the building is +/-4,156 SF has a favorable unit mix of (2) Studios, (2) 3+1 (1) 3+1.5, situated on a +/-10,468 SF of total land. The property has a combined size of +/-4,966 SF building size, It is subject to Rent Stabilization Ordinance (RSO)
Listing description from the January 2024 sale, as reported to CRMLS.
Sale history