11901 S San Pedro St, Los Angeles, CA 90061
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11901 S San Pedro St Los Angeles, CA 90061

$2,990,000
  • 7 Beds
  • 24 Baths
  • 9,429 Sq.Ft.
For Sale
$2,990,000 Get Pre-Qualified

Map preview of 11901 S San Pedro St, Los Angeles, CA 90061

Property Overview: 11901 S San Pedro St Los Angeles, CA has 7 bedrooms, 24 bathrooms, 9,429 living square feet and 28,012 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Back in the market. Price reduced. 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.

Listed by DANIEL CORCORAN | BRE #00451125 | Corcoran Group of California Inc.
Last checked: 15 minutes ago | Last updated: May 23rd, 2024 | Source CRMLS | DOM: 119
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Home details

Lot Sq. Ft
28,012
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
EV24053400
City
Los Angeles
County
Los Angeles
Time on Site
120 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 24
  • Total # of Buildings: 2
  • # of Electric Meters: 1
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 2
  • # of Units: 21
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $19,058
  • Total Rent: $932
  • Pro Forma/Market Rent: $1,050
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,368
  • Total Rent: $1,184
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 6.15%
  • Gross Rent Multiplier: 10.58
  • Gross Scheduled Income: $282,696
  • Net Operating Income: $186,802
  • Gross Operating Income: $274,215
  • Vacancy Allowance: $2,827
Annual Expense Breakdown
  • Total Operating Expense: $93,067
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $37,488
  • Trash: $7,164
  • Gardener: $600
  • Insurance: $15,204
  • Maintenance: $20,160
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $20,160
  • Other Expense Description: DWP

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Property Details for 11901 S San Pedro St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 21-25 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 24
  • Parcel Number: 6083027024
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: Between 119th and 120th
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

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Sale History for 11901 S San Pedro St

Last sold for $150,000 on September 28th, 2001
  • March, 2024

  • Mar 16, 2024

    Date

    Active

    CRMLS: EV24053400

    $2,990,000

    Price

  • January, 2024

  • Jan 18, 2024

    Date

    Expired

    CRMLS: EV23130886

    $2,749,000

    Price

  • Jul 16, 2023

    Date

    Active

    CRMLS: EV23130886

    $3,399,000

    Price

  • Listing provided courtesy of CRMLS

    Motivated seller reduced price $650,000 9.73 GRM and 6.80% CAP. Street-to-street lot, the entire block with access from three streets. Bread ‘n butter units, which are in high demand. 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.

  • September, 2001

  • Sep 28, 2001

    Date

    Sold (Public Records)

    Public Records

    $150,000

    Price

Show More

Tax History for 11901 S San Pedro St

Assessed Value (2020): $838,181
Year Land Value Improved Value Assessed Value
2020 $540,318 $297,863 $838,181

Home Value Compared to the Market

This property vs the competition

11901 S San Pedro St is listed 149.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $317.11 per/sqft which puts the price per square foot 58.98% lower than the median price per square foot for the city of Los Angeles.

About 11901 S San Pedro St

Detailed summary of property

11901 S San Pedro St is a mixed use located in Los Angeles, CA 90061 and is currently for sale. This mixed use property offers 7 bedrooms, 24 bathrooms, roughly 9,429 living square feet, and sits on an approximately 28,012 square foot lot. 11901 S San Pedro St was first listed on ArdentRealEstateGroup.com on March 16, 2024. The homeowner is currently asking $2,990,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 149.17% higher than the median priced home. Local competing homes currently for sale include 3745 Ocean View Ave, 4130 E 10th St and 2265 San Anseline Ave. While the average home in Los Angeles, CA is selling in 101 days, 11901 S San Pedro St has a days on market of 119 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 11901 S San Pedro St Los Angeles, CA 90061 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 11901 S San Pedro St

Public county record property details
Beds
6
Baths
23
Year built
1923
Sq. Ft.
9,429
Lot Size
28,012
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
73,96
APN
6083-027-024

The source for these homes facts are from public records.

90061 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$595,000
Median List Price/Sq.Ft.
$528
Median Sold Price
$670,000
Median Sold Price/Sq.Ft.
$446
Total Inventory
25
Median Sale to List Price %
108.06%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (50%), VA (0%), Cash (25%), Other (25%)

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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.