Stacey Alysson Melman

6617 S San Pedro ST Los Angeles CA 90003 MLS #25530355

6617 S San Pedro ST
Los Angeles, CA, 90003
$1,550,000
3 Beds
5 Baths
480 SqFt
0.12 Acres
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MLS #25530355 image #0
6611-6617 S San Pedro Street. This is a rare opportunity to acquire a large 10,619 square foot lot, consisting of two separate parcels with individual APNs, offering flexibility to sell together or separately. The property includes two structures: a 3,780 square foot warehouse and a 480 square foot residential unit featuring 3 bedrooms and 1 bathroom. The site also includes a commercial-grade kitchen, a total of 5 bathrooms, 12 secured parking spaces, and is protected by an electric gate.Zoned LAR4, the property is ideally suited for redevelopment under programs like ED1 or CHIP, making it an excellent opportunity for investors and developers. The site benefits from a long-term single tenant currently paying $10,000 per month under a 3-year lease, with a property tax exemption in place, providing immediate and stable income.Strategically located across from an elementary school and near the busy Florence Avenue corridor and El Super market, the property sits in a high-visibility, high-traffic area with strong community infrastructure. This is a versatile asset with great potential for multifamily, mixed-use, or adaptive reuse development.
AGENT: Shahram Shamounpour
LISTING BROKERAGE: Keller Williams Beverly Hills
6617 S San Pedro ST
Los Angeles, CA

Property Details

Price:
$1,550,000
MLS #:
25530355
Status:
Active
Beds:
3
Baths:
5
Type:
Single Family
Neighborhood:
c42downtownla
Listed Date:
Apr 25, 2025
Finished Sq Ft:
480
Total Sq Ft:
480
Lot Size:
5,113 sqft / 0.12 acres (approx)
Year Built:
1943
Community GatedC42 – Downtown L.a.C42downtownlaCity Lights
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Schools

Interior

Appliances
RF
Cooling
CA
Heating
CF
Laundry Features
CM
Levels
A

Exterior

Accessibility Features
WC
Common Walls
NCW
Direction Faces
E
Parking Spots
12
Parking Total
12
Patio And Porch Features
NO
Security Features
AG, GC
Spa Features
NO
View
CI

Financial

Gross Operating Income
$120,000
Net Operating Income
$113,000

Map

Community

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