6617 S San Pedro ST new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90003
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 480 sqft
Price per Sqft $3,229
MLS Listing ID 25530355
Bedrooms 3
Year Built 1943
Lot Size 5,113 Sqft
Property Description
6611-6617 S San Pedro Street. This is a rare opportunity to acquire a large 10,619 square foot lot, consisting of two separate parcels with individual APNs, offering flexibility to sell together or separately. The property includes two structures: a 3,780 square foot warehouse and a 480 square foot residential unit featuring 3 bedrooms and 1 bathroom. The site also includes a commercial-grade kitchen, a total of 5 bathrooms, 12 secured parking spaces, and is protected by an electric gate.Zoned LAR4, the property is ideally suited for redevelopment under programs like ED1 or CHIP, making it an excellent opportunity for investors and developers. The site benefits from a long-term single tenant currently paying $10,000 per month under a 3-year lease, with a property tax exemption in place, providing immediate and stable income.Strategically located across from an elementary school and near the busy Florence Avenue corridor and El Super market, the property sits in a high-visibility, high-traffic area with strong community infrastructure. This is a versatile asset with great potential for multifamily, mixed-use, or adaptive reuse development.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR4
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Electric Gate,Gated,One Space,On Street
Pool None
Community Features Gated
View Y/N Yes
View City Lights
Building
Lot Description Front Yard
Story 1
New Construction No
Others
Special Listing Condition Standard