11901 San Pedro St, Los Angeles, CA 90061

24 Unit Apartment Building | $2,600,000 ($108,333/Unit) | 7.26% Cap Rate | Los Angeles, CA 90061

Asking Price $2,600,000

Property Type
Multifamily
Square Feet
9,429 SF

Listing Contacts

Daniel Corcoran
Daniel Corcoran

Property Overview

Price reduced again. Street-to-street lot, the entire block with access from three streets. High demand Bread ‘n butter units. Very low vacancy rate. Secure off-street parking (31 spaces). A security fence surrounds the entire property with code-entry security gate. New roof in 2017. Easy commute from this high demand rental area. Eligible for bonus rent increases. Shown on accepted offers. Please do not disturb the tenants. See attached Offering Memorandum for rent rolls, expenses, and more information.

Property Details

Class
C
Year Built
1923
Stories
1
Lot Size (sq. ft)
27,878 SF
Units
24

Highlights

  • Lot is entire block: Street-to-street; corner-to-corner
  • Security gates surround property
  • Very high demand bread 'n butter units
  • Fenced off-street 31 parking spaces
  • Development potential
  • May be possible to add units

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