5871 S San Pedro St, Los Angeles, CA 90003
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5871 S San Pedro St Los Angeles, CA 90003

$4,990,000
  • 36 Beds
  • 26.5 Baths
  • 18,000 Sq.Ft.
For Sale
$4,990,000 Get Pre-Qualified

Map preview of 5871 S San Pedro St, Los Angeles, CA 90003

Property Overview: 5871 S San Pedro St Los Angeles, CA has 36 bedrooms, 26.5 bathrooms, 18,000 living square feet and 14,400 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: Welcome to your opportunity to own a stunning brand new 2023 multi-unit property in one of Los Angeles' most vibrant and sought-after neighborhoods. This impressive offering includes 8 spacious, 3-story units, perfectly designed for modern living. With a total of 18,000 square feet of living space, this property promises not only spaciousness but also luxury and comfort for its residents. 4 Units with 5 Bedrooms and 4 Bathrooms Each, 4 Units with 4 Bedrooms and 3 Bathrooms Each, each unit comes with an attached garage, ensuring secure and convenient parking for residents. Modern Design: These units boast contemporary design and high-end finishes throughout. From open-concept living spaces to chef's kitchens and elegant bathrooms, every detail has been carefully considered to provide an upscale living experience. With 3 stories of living space, these units offer plenty of room for families and individuals alike. Enjoy the flexibility of multiple bedrooms, perfect for a home office, guest room, or a growing family. Situated in the heart of South Central Los Angeles, this property provides easy access to all that the city has to offer. From cultural attractions to dining, shopping, and excellent schools, you'll find everything you need within reach. This property offers an exceptional investment opportunity with strong rental income potential. Whether you're looking to expand your real estate portfolio or seeking a multi-generational living solution, this property has it all. Join a thriving community that celebrates diversity and offers a unique blend of urban living and suburban tranquility. Residents will appreciate the proximity to parks, entertainment, and cultural amenities. Don't miss your chance to own this remarkable multi-unit property in South Central Los Angeles.

Listed by Jaime Ruiz | BRE #01415230 | OPTION ONE REALTY & INVESTMENT
Co-listed by Alicia Ortiz | BRE #01193650 | Real Estate Connection
Last checked: 9 minutes ago | Last updated: October 17th, 2023 | Source CRMLS | DOM: 254
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Home details

Lot Sq. Ft
14,400
HOA Dues
$0/mo
Year built
2023
Garage
14 Car
Property Type:
Apartment
Status
Active
MLS#
CV23174429
City
Los Angeles
County
Los Angeles
Time on Site
304 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 4
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 4
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $4,900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $4,300
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $4,300
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $4,300
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $4,900
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 4
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $4,900
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 5
  • # of Baths: 4
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $4,900
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: --
  • Pro Forma/Market Rent: $4,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

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Property Details for 5871 S San Pedro St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Laundry Information
  • Has Laundry
  • Inside
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 14
  • # of Parking Spaces: 22
  • Has Parking
  • Parking Features: Paved
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Builder
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 6006004053
  • Year Built Source: Builder
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Slauson Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

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Sale History for 5871 S San Pedro St

Last sold for $4,800,000 on March 1st, 2024
  • March, 2024

  • Mar 1, 2024

    Date

    Sold

    CRMLS: 23324551

    $4,800,000

    Price

  • Oct 23, 2023

    Date

    Active

    CRMLS: 23324551

    $4,995,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present an eight (8) unit apartment building located at 5869-5875 S San Pedro Street in Los Angeles, California. The subject property is located in a solid South-Central Los Angeles location, east of S Main Street and south of E Slauson Avenue. Built in 2023, this offering contains an incredible unit mix of four (4) four-bedroom / three-bedroom townhouse style units and four (4) five-bedroom / four-bathroom townhouse style units. The property consists of four (4) duplexes on a large double lot. All units are 3-stories high with their own dedicated covered parking garage. There is potential to convert some of the garage parking into multiple ADU unit(s), Buyer to verify. The property will be delivered vacant with Certificate of Occupancy (CoO), ready to lease up with market rate or Section 8 subsidized rents. The area is completely surrounded with new developments ranging from approved projects to finished products. There are two (2) projects under construction along S Main Street, 5501-5513 S Main Street building 57-units across 5-stories and 6714 S Main Street building 60-units across 4-stories. Situated in a solid South-Central Los Angeles location, this offering presents an excellent opportunity for any investor to acquire a brand new construction asset with all 4- and 5-bedroom units on a large double lot.

  • October, 2023

  • Oct 2, 2023

    Date

    Active

    CRMLS: CV23174429

    $5,400,000

    Price

  • January, 2020

  • Jan 17, 2020

    Date

    Sold (Public Records)

    Public Records

    $905,000

    Price

  • March, 2002

  • Mar 14, 2002

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5871 S San Pedro St

Assessed Value (2020): $303,915
Year Land Value Improved Value Assessed Value
2020 $189,106 $114,809 $303,915

Home Value Compared to the Market

This property vs the competition

5871 S San Pedro St is listed 315.83% 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 $277.22 per/sqft which puts the price per square foot 64.14% lower than the median price per square foot for the city of Los Angeles.

About 5871 S San Pedro St

Detailed summary of property

5871 S San Pedro St is a apartment located in Los Angeles, CA 90003 and is currently for sale. This apartment offers 36 bedrooms, 26.5 bathrooms, roughly 18,000 living square feet, and sits on an approximately 14,400 square foot lot. 5871 S San Pedro St was first listed on ArdentRealEstateGroup.com on September 18, 2023. The homeowner is currently asking $4,990,000 and was originally asking $5,400,000. 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 315.83% higher than the median priced home. Local competing homes currently for sale include 1819 S Gramercy Pl, 1554 S Gramercy Pl and 676 S Rampart Blvd. While the average home in Los Angeles, CA is selling in 101 days, 5871 S San Pedro St has a days on market of 254 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 5871 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 5871 S San Pedro St

Public county record property details
Beds
1
Baths
1
Year built
1906
Sq. Ft.
3,134
Lot Size
9,625
Stories
1
Type
Service Shop (Tv, Radio, Electric, Plumbing)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,91-92
APN
6006-004-053

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.
$584
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$479
Total Inventory
50
Median Sale to List Price %
94.02%
Avg Days on Market
140
Loan Type
Conventional (50%), FHA (16.67%), VA (0%), Cash (33.33%), Other (0%)

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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.