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10007 S San Pedro St, Los Angeles, CA 90003
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10007 S San Pedro St Los Angeles, CA 90003

$770,000 Sold Price as of 01/08/2024
  • 9 Beds
  • 20 Baths
  • 4,966 Sq.Ft.
Sold
$770,000 Sold Price as of 01/08/2024 Refinance Your Mortgage
Map preview of 10007 S San Pedro St, Los Angeles, CA 90003

Property Overview: 10007 S San Pedro St Los Angeles, CA has 9 bedrooms, 20 bathrooms, 4,966 living square feet and 10,468 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Kalachian Investment Group is pleased to present this mixed-use property situated on a large corner lot in the heart of Los Angeles and featuring a retail unit alongside five residential units. All five residential units are currently occupied and three of them being rented through the Section 8 program. This presents a stable and reliable source of rental income for the new owner. The property has excellent upside rental potential, as the current rents are below market averages in the area. This provides an opportunity for the new owner to maximize their returns. The property is fully occupied and has a strong rental history, making it an attractive investment opportunity. The retail unit is an +/-810 SF beauty salon that is currently rented on a month-to-month basis. Property also has billboard income coming in due to its location.Built in 1924-1953, the building is +/-4,156 SF has a favorable unit mix of (2) Studios, (2) 3+1 (1) 3+1.5, situated on a +/-10,468 SF of total land. The property has a combined size of +/-4,966 SF building size, It is subject to Rent Stabilization Ordinance (RSO)

Listed by Melina Kalachian | BRE #01877904 | Keller Williams Realty
Co-listed by Vince Kalachian | BRE #01172350 | Keller Williams Realty
Last checked: 17 minutes ago | Last updated: January 9th, 2024 | Source CRMLS | DOM: 50

Home details

Lot Sq. Ft
10,468
HOA Dues
$0/mo
Year built
1924
Garage
9 Car
Property Type:
Mixed Use
Status
Sold
MLS#
P1-13461
City
Los Angeles
County
Los Angeles
Time on Site
333 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 4
  • # of Leased Units: 6
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $620
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,791
  • Total Rent: $2,559
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 15
  • Furnishing: Unfurnished
  • Actual Rent: $1,684
  • Total Rent: $2,406
  • Pro Forma/Market Rent: $3,200
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $600
  • Total Rent: $600
  • Pro Forma/Market Rent: $1,215
Unit Breakdown 5
  • # of Units: --
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,000
  • Total Rent: $1,000
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 6
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $770
  • Total Rent: $1,100
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.3%
  • Gross Rent Multiplier: 11.24
  • Gross Scheduled Income: $106,620
  • Net Operating Income: $64,396
  • Gross Operating Income: --
  • Vacancy Allowance: $3
Annual Expense Breakdown
  • Total Operating Expense: $39,026
  • Trash: $4,966
  • Insurance: $4,591
  • Professional Management: $6,390
  • Other Expenses: $8,691
  • Other Expense Description: Off-site management - $6,390

Property Details for 10007 S San Pedro St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
Laundry Information
  • Has Laundry
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Flat, Shingle
  • Has Fence
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 9
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Parking Space, Uncovered
Lot Information
  • Lot Features: 6-10 Units/Acre, Sprinklers None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 6063002034
  • Year Built Source: Assessor
  • Architectural Style: See Remarks
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: See Remarks
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Subdivision Name: Not Applicable
  • Directions: Century Blvd & San Pedro in South Los Angeles
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 10007 S San Pedro St

Last sold for $770,000 on January 8th, 2024

  • January, 2024

  • Jan 8, 2024

    Date

    Sold

    CRMLS: P1-13461

    $770,000

    Price

  • May 3, 2023

    Date

    Active

    CRMLS: P1-13461

    $1,199,000

    Price

  • January, 2008

  • Jan 4, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 1998

  • Aug 19, 1998

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 10007 S San Pedro St

Assessed Value (2020): $286,678
Year Land Value Improved Value Assessed Value
2020 $172,009 $114,669 $286,678

Home Value Compared to the Market

This property vs the competition

10007 S San Pedro St sold on January 8, 2024 for 20.17% lower than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $191.3 per/sqft which puts the price per square foot 74.66% lower than the current median sale per square foot for the city of Los Angeles.

About 10007 S San Pedro St

Detailed summary of property

10007 S San Pedro St is a mixed use that recently sold in Los Angeles, CA 90003. This mixed use property offered 9 bedrooms, 20 bathrooms, roughly 4,966 living square feet, and sits on an approximately 10,468 square foot lot. 10007 S San Pedro St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $770,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 20.17% lower than the current median priced home. Local homes that are currently for sale include 3306 E 8th St, 801 S Grand Ave #1904 and 820 Columbia Ave. While the average home in Los Angeles, CA is selling in 96 days, 10007 S San Pedro St has a days on market of 50 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 10007 S San Pedro St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 10007 S San Pedro St

Public county record property details
Beds
8
Baths
4
Year built
1924
Sq. Ft.
4,966
Lot Size
10,448
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
1-2,5
APN
6063-002-034

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
37
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

Thinking of Selling?

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Thinking of Selling?
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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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