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Multi-Family

7924 San Pedro St

7924 San Pedro St, Los Angeles, CA 90003

Listing Price: $710,000

Lot Size
0.15 acres
Price/Acre
$4,751,513
Land Type
Land

Investment Overview

Marcus & Millichap is pleased to present 7924 S San Pedro Street, a corner asset development / owner user opportunity consisting of 6,509 Square feet of Land zoned LAR3-1 allowing for up to 8 units by right or 13 units with the added Tier 1 TOC bonus (50% residential density bonus). The property is comprised of 2,050 Square Feet of Building Area. There is a total of three gated structures: house, auto body shop and small candy shop. Each property is separately gated from each other. The house contains 3 bedrooms/1 bath, front yard, ample parking, and is separately metered for water and electricity. Both tenants of the auto body shop and house are on a month-to-month basis which creates flexibility for an owner user, developer, or investor. Additionally, income is received for the billboard and is on a month to month basis. New developer may collect income (4.54% Current CAP; 5.32% Pro Forma Cap) while awaiting permits and entitlements for future development. Owner user may occupy the auto body shop with SBA financing while living in the house or collecting supplemental income. The property is located within blocks of Fremont High School and Dymally High School and is closely situation near 110 freeway providing convenient access to Downtown Los Angeles. Situated in South Los Angeles, 7924 S San Pedro St is within a 5-mile radius of Banc of California and LA Memorial Coliseum.

Investment Highlights

  • Month To Month Tenants
  • 8 Units by Right / 13 Units with TOC
  • Zoned LAR3-1 / Tier 1 TOC

Exclusively Listed By

Financing By

Multi-Family

7924 San Pedro St

Listing Price: $710,000

Lot Size
0.15 acres
Price/Acre
$4,751,513
Land Type
Land

Investment Highlights

  • Month To Month Tenants
  • 8 Units by Right / 13 Units with TOC
  • Zoned LAR3-1 / Tier 1 TOC

Investment Overview

Marcus & Millichap is pleased to present 7924 S San Pedro Street, a corner asset development / owner user opportunity consisting of 6,509 Square feet of Land zoned LAR3-1 allowing for up to 8 units by right or 13 units with the added Tier 1 TOC bonus (50% residential density bonus). The property is comprised of 2,050 Square Feet of Building Area. There is a total of three gated structures: house, auto body shop and small candy shop. Each property is separately gated from each other. The house contains 3 bedrooms/1 bath, front yard, ample parking, and is separately metered for water and electricity. Both tenants of the auto body shop and house are on a month-to-month basis which creates flexibility for an owner user, developer, or investor. Additionally, income is received for the billboard and is on a month to month basis. New developer may collect income (4.54% Current CAP; 5.32% Pro Forma Cap) while awaiting permits and entitlements for future development. Owner user may occupy the auto body shop with SBA financing while living in the house or collecting supplemental income. The property is located within blocks of Fremont High School and Dymally High School and is closely situation near 110 freeway providing convenient access to Downtown Los Angeles. Situated in South Los Angeles, 7924 S San Pedro St is within a 5-mile radius of Banc of California and LA Memorial Coliseum.

Exclusively Listed By

Financing By

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