$1,695,000
$300K PRICE DROP

2906 S San Pedro St Los Angeles, CA 90011

Historic South Central Neighborhood

Estimated payment $9,984/month

Total Views 6,922
2 Beds
11 Baths
7,216 Sq Ft
$235 Price per Sq Ft

About This Home

$100,000 price reduction, the seller is motivated! Discover an incredible investment opportunity with this 11-unit mixed-use cash cow with tremendous upside, ideally located in vibrant Los Angeles, just a stone's throw from Downtown! Nestled on lively San Pedro Street, this property boasts fantastic visibility for its retail shops anchored by a supermarket. The second floor features 7 residential units, offering strong room for growth. Currently operating at a solid 7.63% cap rate and an 9.27 GRM, there's exciting potential to achieve a remarkable 13.7% cap rate and a 5.93 GRM in the future, much of it realizable in the near term with thriving retail tenants (supermarket occupying 2 spaces or 50% of the retail space) that have been present for years most of which continue to be on month to month leases. With 7,216 square feet of space, you'll find exceptional value at only $235 per square foot and $154k per unit. Whether you're pursuing a 1031 exchange or seeking immediate cash flow coupled with growth potential, this property is a fantastic choice!

Listing Agent

Armin Soleimani

Global Platinum Properties, Inc. License #01846872 Listed on: 04/03/2025

Co-Listing Agent

Julio Ruiz

Global Platinum Properties, Inc. License #01911261

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,440

Year Built

  • Built in 1915

Interior Spaces

  • 7,216 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 11 Bathrooms

Additional Features

  • 4,747 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 11 Units

Listing and Financial Details

  • Assessor Parcel Number 5128-015-034

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,440

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Advertising Remarks: Price reduced $100,000! Discover an incredible investment opportunity with this 11-unit mixed-use cash cow with tremendous upside, ideally located in vibrant Los Angeles, just a stone's throw from Downtown! Nestled on lively San Pedro Street, this property boasts fantastic visibility for its retail shops anchored by a supermarket. The second floor features 7 residential units, offering strong room for growth. Currently operating at a solid 7.63% cap rate and an 9.27 GRM, there's exciting potential to achieve a remarkable 13.7% cap rate and a 5.93 GRM in the future, much of it realizable in the near term with thriving retail tenants (supermarket occupying 2 spaces or 50% of the retail space) that have been present for years most of which continue to be on month to month leases. With 7,216 square feet of space, you'll find exceptional value at only $235 per square foot and $154k per unit.
  • Living Area: 7216
  • Lot Acreage: 0.1090
  • Stories: 2
  • Year Built: 1915
  • Number Of Photos: 20
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Common Walls: Attached
  • Total Bathrooms: 11.00
  • Equipment: Refrigerator, Range/Oven
  • Price Per S Q F T: 234.89

Exterior Features

  • Other Structures: None

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 60.53
  • Assessed Improvement Value: 513137
  • Assessed Land Percent: 39.47
  • Assessed Land Value: 334654
  • Total Assessed Value: 847791
  • Assessor Parcel Number: 5128-015-034
  • Lot Size Area: 4747

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116
  • Gross Rent Multiplier: 9.27
  • Number Of Units: 11
  • Total Annual Expense: 47957
  • Type Of Units: Mixed Use
  • Vacancy Rate: 1 Unit

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,440 $864,746 $341,347 $523,399
2024 $11,440 $847,791 $334,654 $513,137
2023 $11,238 $831,169 $328,093 $503,076
2022 $10,755 $814,872 $321,660 $493,212
2021 $21,339 $1,713,420 $420,471 $1,292,949
2019 $20,717 $1,663,230 $408,000 $1,255,230
2018 $20,827 $1,630,630 $400,000 $1,230,630
2016 $1,584 $39,298 $25,655 $13,643
2015 $1,578 $38,709 $25,270 $13,439
2014 $1,618 $37,951 $24,775 $13,176
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2025 08/08/25 Price Changed $1,695,000 -5.6% $235 / Sq Ft
06/13/2025 06/13/25 Price Changed $1,795,000 -3.0% $249 / Sq Ft
04/28/2025 04/28/25 Price Changed $1,850,000 -7.3% $256 / Sq Ft
04/03/2025 04/03/25 For Sale $1,995,000 +299.0% $276 / Sq Ft
10/31/2017 10/31/17 Sold $500,000 -16.7% $45 / Sq Ft
07/08/2016 07/08/16 Pending -- -- --
06/22/2016 06/22/16 For Sale $600,000 -- $54 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $500,000 Ticor Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 Commercial
Closed $608,603 Commercial
Closed $400,000 Purchase Money Mortgage
Source: Public Records

Source: The MLS

MLS Number: 25520821

The MLS

APN: 5128-015-034

California Los Angeles County Los Angeles 90011 Historic South Central

2906 S San Pedro St, Los Angeles, CA

This home is located at 2906 S San Pedro St, Los Angeles, CA 90011 and is currently priced at $1,695,000, approximately $234 per square foot. This property was built in 1915. 2906 S San Pedro St is a home located in Los Angeles County with nearby schools including Twenty-Eighth Street Elementary School, John Adams Middle School, and Santee Education Complex.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Armin Soleimani
Listing Agent
Armin Soleimani
Section Image
Global Platinum Properties, Inc.
(310) 666-2246