5869 -5875 S San Pedro Street, Los Angeles, CA 90003
Property
Sold March 2024
Listing Agent: Jason Tuvia (DRE #01772495) · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Sreehari Kommalapati · FIRST FEDERAL BANCORP · MLS #23324551 · Source: CRMLS
About this property
We are pleased to present an eight (8) unit apartment building located at 5869-5875 S San Pedro Street in Los Angeles, California. The subject property is located in a solid South-Central Los Angeles location, east of S Main Street and south of E Slauson Avenue. Built in 2023, this offering contains an incredible unit mix of four (4) four-bedroom / three-bedroom townhouse style units and four (4) five-bedroom / four-bathroom townhouse style units. The property consists of four (4) duplexes on a large double lot. All units are 3-stories high with their own dedicated covered parking garage. There is potential to convert some of the garage parking into multiple ADU unit(s), Buyer to verify. The property will be delivered vacant with Certificate of Occupancy (CoO), ready to lease up with market rate or Section 8 subsidized rents. The area is completely surrounded with new developments ranging from approved projects to finished products. There are two (2) projects under construction along S Main Street, 5501-5513 S Main Street building 57-units across 5-stories and 6714 S Main Street building 60-units across 4-stories. Situated in a solid South-Central Los Angeles location, this offering presents an excellent opportunity for any investor to acquire a brand new construction asset with all 4- and 5-bedroom units on a large double lot.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history