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    7651 San Pedro St Los Angeles, CA 90003

    Sponsored
    For Sale
    $980,000

    Mixed-use redevelopment opportunity, 878 sq ft.

    Property size:
    878 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This prime Los Angeles mixed-use property, located at 7651 San Pedro St, offers a unique redevelopment opportunity. The 878 square foot building, situated on a 5,526 square foot lot, currently operates as a restaurant with 10 parking spaces and boasts a high-traffic location at the corner of E 76th Pl and San Pedro St, experiencing over 14,000 vehicles daily. Built in 1949, the single-story structure sits in a C-2 zoned area, allowing for diverse uses including amusement enterprises, medical clinics, vehicle maintenance, or even a potential drive-thru addition. Its proximity to a high school, the 110 freeway (two blocks away), Union Station, and LAX (under 10 miles) enhances its appeal. The property's designation as a Tier 1 Transit Oriented Community further adds to its investment potential. Consider developing the land into an apartment building or capitalizing on the existing structure's potential. The asking price is $980,000, translating to $1,116.17 per square foot. APN: 6022014001. This is a rare chance to acquire a high-visibility property in a rapidly developing area of Los Angeles.

    Property Features for 7651 San Pedro St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    878 SF

    Building Details

    Year Built
    1949
    Buildings
    1
    Stories
    1

    HighLights

    • Prime Los Angeles mixed‑use property at 7651 San Pedro St.
    • 878 sq ft building on a 5,526 sq ft lot, currently a restaurant with 10 parking spaces.
    • High‑traffic corner location (E 76th Pl & San Pedro St), over 14,000 vehicles daily.
    • C‑2 zoning allows diverse uses, including potential drive‑thru.
    • Excellent location near 110 freeway, Union Station, LAX, and a high school; Tier 1 Transit Oriented Community.
    • $980,000 asking price ($1,116.17/sq ft). APN: 6022014001.
    Property Profile Location Intelligence

    Current Use by Public Records

    Fat Boys Burgers ... Hamburger Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2697223
    Latitude
    33.9703536

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use redevelopment opportunity, 878 sq ft.
    Where is this mixed-use property located?
    The property is located at 7651 San Pedro St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: Prime Los Angeles mixed-use property at 7651 San Pedro St.; 878 sq ft building on a 5,526 sq ft lot, currently a restaurant with 10 parking spaces.; High-traffic corner location (E 76th Pl & San Pedro St), over 14,000 vehicles daily.
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    7651 San Pedro St Los Angeles, CA 90003
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    Los Angeles, CA 90003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7651 San Pedro St Los Angeles, CA 90003
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