5017 S San Pedro Street, Los Angeles, California 90011, Los Angeles, 90011 - bed, bath
ACTIVE$999,000$2,720/sqft
5017 S San Pedro Street, Los Angeles, California 90011
0Bed
0Bath
2,720Sqft
7,503Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Multi-Unit Investment Opportunity: The property features six individual units, providing substantial rental income potential and making it an attractive asset for investors seeking cash flow.
Top Cons:
Advanced Age of Property: Built in 1925, the building is nearly a century old, which may necessitate significant capital expenditures for system upgrades (e.g., plumbing, electrical), structural maintenance, or compliance with modern building codes.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1925 (101 years old).
Condition: The property was built in 1925, making it nearly 100 years old. While the listing explicitly states that 'One unit is brand new construction and is vacant ready to be occupied,' there are no interior images or detailed descriptions for the other five units. The provided exterior image shows older buildings that appear maintained but not recently renovated. Without information on the majority of the units, it's reasonable to assume they are aged and would likely require significant updates to meet modern standards, even if functional. The 'brand new' unit significantly improves the overall appeal, preventing a 'poor' or 'tear-down' rating for the entire property. However, the lack of renovation details for the other units and the property's age suggest that most components are likely outdated, fitting the 'fair' category where minor to substantial updates are needed.
Year Built
1925
Close
-
List price
$999K
Original List price
$1.15M
Price/Sqft
$367
HOA
-
Days on market
-
Sold On
-
MLS number
OC25162291
Home ConditionFair
Features
ViewNeighborhood
About this home
Located in the heart of Downtown Los Angeles, a remarkable opportunity awaits the ideal buyer. This multi-unit building features six units with a total living space of 2,720 square feet. One unit is brand new construction and is vacant ready to be occupied. Each unit is equipped with one bedroom, one bathroom, and a private front patio. Security is ensured with a gated entrance. The property enjoys a prime location, directly across from South Park, providing convenient access to the recreation center, community pool, and the Football Academy. Additionally, the building's proximity to the 110 freeways, schools, markets, and various amenities further enhances its appeal.
L
Linda Ojeda
Listing Agent
Nearby schools
2/10
Main Street Elementary School
Public,•K-5•0.3mi
5/10
Estrella Elementary School
Public,•K-5•0.5mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.5mi
2/10
Aurora Elementary School
Public,•K-5•0.7mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.8mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.8mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•0.9mi
2/10
Harmony Elementary School
Public,•K-5•0.9mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.1mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.3mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.5mi
3/10
George Washington Carver Middle School
Public,•6-8•0.7mi
2/10
John Muir Middle School
Public,•6-8•1.4mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.5mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.3mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.4mi
3/10
Manual Arts Senior High School
Public,•9-12•1.5mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.9mi
5/10
Santee Education Complex
Public,•9-12•2.2mi
Condition Rating
Fair
The property was built in 1925, making it nearly 100 years old. While the listing explicitly states that 'One unit is brand new construction and is vacant ready to be occupied,' there are no interior images or detailed descriptions for the other five units. The provided exterior image shows older buildings that appear maintained but not recently renovated. Without information on the majority of the units, it's reasonable to assume they are aged and would likely require significant updates to meet modern standards, even if functional. The 'brand new' unit significantly improves the overall appeal, preventing a 'poor' or 'tear-down' rating for the entire property. However, the lack of renovation details for the other units and the property's age suggest that most components are likely outdated, fitting the 'fair' category where minor to substantial updates are needed.
Pros & Cons
Pros
Multi-Unit Investment Opportunity: The property features six individual units, providing substantial rental income potential and making it an attractive asset for investors seeking cash flow.
Immediate Occupancy/Rental Ready: One unit is brand new construction and currently vacant, offering immediate occupancy for an owner or quick rental income without the need for renovations.
Strategic Urban Location: Situated directly across from South Park with access to recreational facilities, and boasting excellent proximity to the 110 freeways, schools, markets, and various urban amenities.
Enhanced Security Features: A gated entrance provides an added layer of security and privacy, which is a desirable feature for tenants in a multi-unit property located in an urban environment.
Significant Price Adjustment: The property has undergone a substantial price reduction from $1.15 million to $999,000, presenting a more attractive entry point and potential value for prospective buyers.
Cons
Advanced Age of Property: Built in 1925, the building is nearly a century old, which may necessitate significant capital expenditures for system upgrades (e.g., plumbing, electrical), structural maintenance, or compliance with modern building codes.
Compact Unit Sizes: Each of the six units consists of one bedroom and one bathroom, averaging approximately 453 square feet, which could limit the target tenant demographic and potential rental income compared to properties with larger units.
Undisclosed Parking Availability: The property description does not specify any dedicated parking, which can be a significant challenge and potential deterrent for tenants in a dense urban area like Los Angeles.