11901 San Pedro St Los Angeles, CA 90061

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