2600-2614 S San Pedro St 17 Unit Apartment Building $4,950,000 ($291,176/Unit) 8.08% Cap Rate Los Angeles, CA 90011

2600 S San Pedro Street presents a rare opportunity to acquire a fully renovated mixed-use property in the heart of South Los Angeles, just minutes from Downtown LA and USC. This two-story asset combines 17 upgraded residential units with 20 commercial spaces, delivering diversified income streams and strong in-place cash flow. With an attractive 8.08% cap rate and below-market rents, investors can capitalize on immediate yield while unlocking upside through strategic lease-up and rent adjustments.
The property’s prime location at a signalized corner offers exceptional visibility and pedestrian traffic, ideal for retail tenants seeking exposure. Recent renovations in 2019 have modernized mechanical systems, refreshed interiors, and enhanced the historic façade, creating a blend of character and functionality that appeals to urban renters and small businesses alike. Situated within a dense trade area supported by 48,000 residents and over 3,600 businesses within one mile, the asset benefits from robust retail demand and ongoing neighborhood revitalization.
Excellent connectivity via I-10 and I-110 freeways, proximity to major employment hubs, and strong transit scores further reinforce long-term growth potential. This fee-simple offering is positioned for investors seeking stability with value-add upside in one of Los Angeles’ most dynamic corridors.