Property profile & analytics
11901 San Pedro St Los Angeles, CA 90061-2455
- Apartment buildings
- 9,429 SF
- 0.64 lot acres
OFF-MARKET
Last Sale
Jan 01, 2025
Jan 01, 2025
$2,200,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US09-7563535
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Current Use by Public Records
- Apartment buildings
Property Details for 11901 San Pedro St
- Year built
- 1923
- Construction
- WOOD
- Lot size
- 0.64 lot acres
- Property size
- 9,429 SF
- Zone code
- LAR3
- Property type
- Apartment buildings
- APN
- 6083-027-024
- APU
- 6083027024
Description
This exceptional value-add opportunity presents a 24-unit apartment building situated on a substantial street-to-street lot spanning an entire city block, accessible from three different streets. The property, boasting 9,429 square feet of net rentable space, is comprised of three single-story buildings constructed in 1923 and currently enjoys 100% occupancy. The asking price is $2,600,000, translating to $275.75 per square foot and $108,333.33 per unit. The property generates a strong NOI of $188,667, resulting in a 7.26% cap rate. Features include 31 secure off-street parking spaces, a security fence with a code-entry gate, and a new roof installed in 2017. The property is zoned LAR3 and sits on a 28,012 square foot lot. High rental demand in the area and the potential for bonus rent increases further enhance the investment potential. The property is offered fee simple and is eligible for a 1031 exchange. Detailed financial information, including rent rolls and expenses, is available in the attached Offering Memorandum. Please note that tenant privacy must be respected
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
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Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.27
- Latitude
- 33.9242
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$16,227
$579,328
$318,926
$898,254
-
$0.00
$0.00
$0.00
