10401 S San Pedro Los Angeles, CA 90003
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,194 sqft
Price per Sqft $310
MLS Listing ID SR25245267
Bedrooms 6
Full Baths 6
HOA Y/N No
Year Built 1934
Lot Size 3,737 Sqft
Property Sub-Type Mixed Use
Property Description
THE OPPORTUNITY
Lawson-Hayes Realty is pleased to present 10401 S. San Pedro Street, an aggressively priced mixed-use corner asset in the high-demand 90003 zip code. Featuring a ±1,678 SF retail storefront and three (3) residential units, this ±7,400 total usable SF property is a premier "blank canvas" for a value-add investor or an owner-user seeking a high-equity position.
THE VISION: AN EQUITY PLAY
Priced at $1,925,000, the asset is positioned significantly below the $2.38M – $2.7M Stabilized Market Value. The listing offers a clear path to forced appreciation:
Residential Modernization: Renovate the 3 residential units to capture $2,600+ market rents (consistent with 90003 comps for 2026).
Retail/Basement Optimization: Leverage the ±1,206 SF finished basement as creative production space to maximize commercial rental yield.
Curb Appeal & Branding: High-visibility corner lot with massive signage potential on a primary LA corridor.
THE BUSINESS: "THE T-SHIRT SPOT" (Available Separately)
Available for $150,000 (MLS #SR25245267), this turn-key apparel business makes the property:
SBA 504/7(a) Eligible: Perfect for owner-operators to secure 90% financing with low down payments.
Versatile Delivery: Retail and one residential unit can be delivered VACANT at COE, allowing for immediate repositioning or owner-occupancy.
INVESTMENT HIGHLIGHTS
Massive Functional Space: 6,194 SF GBA + 1,206 SF Basement = ±7,400 Usable SF.
Unbeatable Basis: Priced at only $260/SF (Total Usable)—nearly 50% below 2026 replacement costs.
Proven Market Yield: Pro-Forma NOI of $104,136 provides a rock-solid 5.41% Cap Rate—outperforming the LA market average.
RSO Upside: Built in 1934; the significant "Loss-to-Lease" creates a quantifiable path to wealth through stabilization.
FINANCIALS & DUE DILIGENCE
A full Offering Memorandum (OM)—including the $104K Pro-Forma model and itemized renovation budget—is available upon request.
SUBMIT SUBJECT TO INSPECTION. Buyer to verify all square footage, unit mix, and zoning (LARD2).
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Rooms
Basement Finished
Main Level Bedrooms 2
Interior
Cooling See Remarks
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Pool None
Community Features Curbs, Street Lights, Sidewalks
View Y/N No
View None
Private Pool No
Building
Lot Description 2-5 Units/Acre, Corner Lot
Dwelling Type Mixed Use
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 6063018035
Acceptable Financing Conventional, Owner May Carry
Listing Terms Conventional, Owner May Carry
Special Listing Condition Trust
Nearby Locations
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