10401 S San Pedro Los Angeles, CA 90003
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,194 sqft
Price per Sqft $310
MLS Listing ID SR25245267
Bedrooms 6
Full Baths 6
HOA Y/N No
Year Built 1934
Property Sub-Type Mixed Use
Property Description
HIGH-UPSIDE MIXED-USE | LARD2 Value-Add Investment | Owner-User Opportunity
10401 S. San Pedro Street, Los Angeles, CA 90003 | LIST PRICE: $1,925,000 Zoning: LARD2 (Up to 4 Units) Total Functional Square Footage: 7,460 SF
Investment and Owner-User Opportunity
This aggressively priced corner lot mixed-use asset (Built 1934 ) includes one commercial/retail building and three residential units, offering an immediate path to superior returns. The listing price of $1,925,000 is positioned substantially below the calculated $2.38M Stabilized Market Value, guaranteeing immediate equity for the sophisticated buyer.
Maximum Functional Space: Total usable area is 7,460 SF, comprising the 6,194 SF GBA (per Assessor records) plus a critical 1,206 SF finished basement. This space enhances the utility for the existing or similar commercial/light-industrial operation (e.g., The T-Shirt Spot).
Immediate Value-Add (RSO): The property is subject to RSO (built 1934 ), but offers significant upside:
1 vacant residential unit allows the new owner to set the initial rent at full market rate.
The two occupied units are severely under-rented, creating a massive, quantifiable Loss to Lease that converts to future income upon tenant turnover.
Target Buyer: Ideal for a commercial Owner-User who can subsidize operating costs with three streams of residential income, or an Investment Buyer focused on executing a stabilization strategy.
Condition Transparency: Price is competitively set to reflect the owner-reported $50,000 deferred maintenance liability.
FINANCIALS: Full Pro Forma stabilization model, demonstrating the NOI upside and stabilized CAP rate potential, is available upon request. Do not miss this opportunity to acquire a cash-flow accelerating asset.
SUBMIT SUBJECT TO INSPECTION. Buyer to verify all square footage, unit mix, zoning, and potential repair costs. Don't miss out on this fantastic opportunity to expand your portfolio!
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Rooms
Basement Finished
Main Level Bedrooms 5
Interior
Cooling See Remarks
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Pool None
Community Features Curbs, Street Lights, Sidewalks
View Y/N No
View None
Private Pool No
Building
Lot Description 2-5 Units/Acre, Corner Lot
Dwelling Type Mixed Use
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 6063018035
Acceptable Financing Conventional, Owner May Carry
Listing Terms Conventional, Owner May Carry
Special Listing Condition Trust
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