Under Contract

5869 -5875 S San Pedro Street

Los Angeles CA, 90003

$4,995,000


$278.32 per sqft

Under Contract

36 Beds

28 Baths

17,947 sqft

Residential

Built in 2023

Listed by Jason Tuvia with Marcus & Millichap 818-212-2700

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.

23324551

MLS ID

October 23, 2023

Listed

February 16, 2024

Updated

Map

5869 -5875 S San Pedro Street
Los Angeles CA, 90003

Interior Features

Total Stories

3


Bedrooms

36 Beds


Bathrooms

28 Baths


Appliances

Built-In


Laundry Description

Stacked


Floor Description

Wood


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.33 Acres


Architectual Style

Modern

Other Property Details

Area Name

C42 - Downtown L.A.


Days on Market

29


Garage

Yes


Garage Spaces

8


Parking

Controlled Entrance, Covered, Gated, Private


Parking Total

8


View

Yes


View Description

City Lights


County

Los Angeles


Pool

No


Pool Features

None


Zoning

LAMR1


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

11/21/2023

Under Contract

Listing Contact: 818-212-2700 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 6:30 AM UTC

 

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