2424 S San Pedro St
Los Angeles, CA 90011
Retail Property For Sale

Hudson Partners is pleased to present exclusively for sale 2424 S. San Pedro Street, a corner retail building located about a mile south of Downtown Los Angeles in a heavily trafficked commercial and residential corridor. Recent permitted renovations to the multi-tenant building have nearly doubled the square footage to approximately 2,200 square feet. The property consists of a restaurant and newly constructed vacant retail space which could be split into two units with their own meter. The 8,300 square foot lot provides ample parking 9 to 12 parking spaces (minimum 4 per 1,000sf w/9 parking spaces) . Additionally, the property's location in a State Enterprise Zone will allow the building to be successfully converted and obtain a Certificate of Occupancy for dental and medical related uses. Under this parking concession the building only needs 2 spaces per 1,000sf and building-to-land ratio has double the requirement. An owner-user occupying at least 51% of the building's square footage could obtain an SBA loan of up to 90%. Additionally, the asset has Tier 3 of Transit Oriented Communities (T.O.C.) zoning, which would allow as many as 36 apartment units to be built by right.