11901 San Pedro Street

Los Angeles, CA 90061

$2,990,000
Price
5
Beds
24
Baths
9,429 Sq. Ft.
$317 / Sq. Ft.
9,429
Sq. Ft.
$317
per Sq. Ft.

Description

Back in the market. Price reduced. Street-to-street lot, the entire block with access from three streets. High demand Bread ‘n butter units. Very low vacancy rate. Secure off-street parking (31 spaces). A security fence surrounds the entire property with code-entry security gate. New roof in 2017. Easy commute from this high demand rental area. Eligible for bonus rent increases. Shown on accepted offers. Please do not disturb the tenants. See attached Offering Memorandum for rent rolls, expenses,...Back in the market. Price reduced. Street-to-street lot, the entire block with access from three streets. High demand Bread ‘n butter units. Very low vacancy rate. Secure off-street parking (31 spaces). A security fence surrounds the entire property with code-entry security gate. New roof in 2017. Easy commute from this high demand rental area. Eligible for bonus rent increases. Shown on accepted offers. Please do not disturb the tenants. See attached Offering Memorandum for rent rolls, expenses, and more information.
  1. Listed by DANIEL CORCORAN • DRE #00451125 • Brokerage DRE #01787829 • Corcoran Group of California Inc. • dmcor@cgroupca.com

Property Details for 11901 San Pedro Street

Parking Spaces Total
0
Private Pool
No
Total Units
24.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
9429
Assessor Parcel Number
6083-027-024
Property Attached YN
true

Location

Listing Courtesy of Corcoran Group of California Inc., DANIEL CORCORAN, DRE #00451125
Add your commute
LISTING UPDATED: 03/16/2024 07:58 AM

Property Details for 11901 San Pedro Street

StatusActive
MLS #EV24053400
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1923
Lot Size0.64 AC / 28,012 SF
CountyLos Angeles County

Location

Listing Courtesy of Corcoran Group of California Inc., DANIEL CORCORAN, DRE #00451125
Add your commute

Building Information for 11901 San Pedro Street

Stories2Residences-Year Built1923Building Size-Lot Size0.64 AC / 28,012 SF

Payment Calculator

$17,649 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,318

Property Taxes

$1,331

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11901 San Pedro Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $282,696
  • Gross Scheduled Income: $282,696
  • Vacancy Allowance: 2827
  • Vacancy Allowance Rate: 1
  • Gross Operating Income: $274,215
  • Net Operating Income: $186,802
  • Gross Multiplier: 10.58
  • Cap Rate: 6.15
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $93,067
  • Operating Expense Percent: 39.00%
  • New Taxes Expense: $37,488
  • Gardener Expense: $600
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $15,204
  • Maintenance Expense: $20,160
  • Professional Management Expense: $0
  • Other Expense: $20,160
  • Other Expense Description: DWP
  • Trash Expense: $7,164
  • Water Sewer Expense: $0
  • Total Expenses: $96,180
Tax / Assessment Info
  • Tax Tract Number: 3287
  • Tax Census Tract: 2414.00
  • Tax Lot: 96
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 21-25 Units/Acre
  • Number Of Units: 24
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 21
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $19,058
  • Unit Type Total Rent: $933
  • Unit Type Pro Forma: 1050
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,368
  • Unit Type Total Rent: $1,184
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,600
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 11901 San Pedro Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11901 San Pedro Street

Taxable ValueLand$567,969Additions$312,793Total$880,762
Tax Record2023$15,974 ($1,331 / month)
Home Facts
Total Finished SqFt9,429 SqFtAbove Grade Finished SqFt9,429 SqFtLot Size28,012 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLAR3CountyLOS ANGELESAPN6083-027-024

Schools near 11901 San Pedro Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Charter - 9 to 12
Rating
School
Distance
One Hundred Eighteenth Street School
PublicK to 5

Alliance Jack H. Skirball Middle School
Charter6 to 8

Alain Leroy Locke College Prep Academy
Charter9 to 12

Animo Watts College Preparatory Academy
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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11901 San Pedro Street is a mixed use property for sale in Los Angeles, CA 90061. This property was listed for sale on March 15, 2024 by Corcoran Group of California Inc., it's currently listed at $2,990,000. This listing's school district is Los Angeles Unified School District. Nearby schools include One Hundred Eighteenth Street School, Alliance Jack H. Skirball Middle School and Alain Leroy Locke College Prep Academy. 11901 San Pedro Street is a 5-bed, 24-bath, 9,429 sqft mixed use property built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Group of California Inc., DANIEL CORCORAN, DRE #00451125

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.