7651 San Pedro St Los Angeles, CA 90003

This prime Los Angeles mixed-use property, located at 7651 San Pedro St, offers a unique redevelopment opportunity. The 878 square foot building, situated on a 5,526 square foot lot, currently operates as a restaurant with 10 parking spaces and boasts a high-traffic location at the corner of E 76th Pl and San Pedro St, experiencing over 14,000 vehicles daily. Built in 1949, the single-story structure sits in a C-2 zoned area, allowing for diverse uses including amusement enterprises, medical clinics, vehicle maintenance, or even a potential drive-thru addition. Its proximity to a high school, the 110 freeway (two blocks away), Union Station, and LAX (under 10 miles) enhances its appeal. The property's designation as a Tier 1 Transit Oriented Community further adds to its investment potential. Consider developing the land into an apartment building or capitalizing on the existing structure's potential. The asking price is $980,000, translating to $1,116.17 per square foot. APN: 6022014001. This is a rare chance to acquire a high-visibility property in a rapidly developing area of Los Angeles.