8504 S San Pedro St, Los Angeles, CA 90003
8504 S San Pedro St, Los Angeles, CA 90003
8504 S San Pedro St, Los Angeles, CA 90003
8504 S San Pedro St, Los Angeles, CA 90003
8504 S San Pedro St, Los Angeles, CA 90003
8504 S San Pedro St, Los Angeles, CA 90003
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$ 875,000
Est. payment | /mo

8 Beds

6 Baths

3,213 SqFt


Save
$ 875,000
Est. payment | /mo
Save

8 Beds

6 Baths

3,213 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,213 sqft

Price per Sqft $272

MLS Listing ID 26869029

Bedrooms 8

Year Built 1949

Lot Size 5,849 Sqft

Acres 0.1343

Property Sub-Type Multi-Family

Property Description

THIS 4-UNIT APARTMENT BUILDING, SITUATED SOUTH OF DOWNTOWN LOS ANGELES, PRESENTS AN IDEAL OPPORTUNITY FOR FIRST-TIME INVESTORS OR A VALUABLE ADDITION TO AN EXISTING INVESTMENT PORTFOLIO. THE PROPERTY COMPRISES TWO 3-BEDROOM, 2-BATHROOM UNITS AND TWO 1-BEDROOM, 1-BATHROOM UNITS. SUBJECT TO RENT CONTROL, IT FEATURES SEPARATELY METERED GAS AND ELECTRICITY, WITH EACH UNIT EQUIPPED WITH ITS OWN WATER HEATER. IMPECCABLY MAINTAINED BY THE CURRENT OWNER, THE BUILDING IS 100% OCCUPIED, ENSURING CONSISTENT CASH FLOW AND MINIMAL MAINTENANCE COSTS. THE ROOF AND COPPER PLUMBING WERE UPGRADED IN 2009, AND SEVERAL UNITS HAVE BEEN THOUGHTFULLY RENOVATED, INCLUDING KITCHEN AND BATHROOM UPDATES.PERFECTLY POSITIONED NEAR THE UNIVERSITY OF SOUTHERN CALIFORNIA AND DOWNTOWN LOS ANGELES, THIS PROPERTY IS PRICED TO SELLOFFERING A REMARKABLE VALUE, PARTICULARLY WHEN COMPARED TO MOST 1-BEDROOM CONDOS IN DOWNTOWN LA. SET IN A BURGEONING NEIGHBORHOOD WITH CONSIDERABLE RENTAL UPSIDE, IT PROVIDES IMMEDIATE INCOME POTENTIAL WHILE OFFERING FUTURE GROWTH OPPORTUNITIES. WITH EASY ACCESS TO PUBLIC TRANSPORTATION, LOCAL RETAIL, AND PROXIMITY TO THE 110 FREEWAY, BETWEEN THE 105 AND 10 FREEWAYS, THIS PROPERTY REPRESENTS AN OUTSTANDING INVESTMENT IN A PRIME LOCATION. ACTUAL RENT FOR THE 4 UNITS IS AS FOLLOWS: 8504 SAN PEDRO - $875, 8504 1/2 SAN PEDRO - $1,200, 8506 SAN PEDRO - $1,735, AND 8506 1/2 SAN PEDRO - $1,478.

Location

State CA

County Los Angeles

Area Metropolitan South

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Built-Ins, Hood Fan, Other, Range/Oven

Exterior

Parking Features None

Building

Level or Stories One

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Beverly Hills Fabulous Estates Inc.

Schools and Properties Nearby

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8504 S San Pedro St