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6611-6617 S San Pedro Street 6617 S San Pedro St 4,250 SF Flex Building Los Angeles, CA 90003 $2,162,560 CAD ($508.84 CAD/SF) 7.30% Cap Rate
EXECUTIVE SUMMARY
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, and 12 secured parking spaces, and it 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.
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, and 12 secured parking spaces, and it 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.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$167,510
|
$39.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$167,510
|
$39.41
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,771
|
$2.30
|
| Net Operating Income |
$157,739
|
$37.12
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $167,510 |
| Annual Per SF | $39.41 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $167,510 |
| Annual Per SF | $39.41 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $9,771 |
| Annual Per SF | $2.30 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $157,739 |
| Annual Per SF | $37.12 |
PROPERTY FACTS
AMENITIES
- Restaurant
- Wheelchair Accessible
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- MINISTERIO MONTE DE SION PENTECOSTES, INC
- Administrative and Support Services
- -
- $3.49 CAD
- Modified Gross
- Mar 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| MINISTERIO MONTE DE SION PENTECOSTES, INC | Administrative and Support Services | - | $3.49 CAD | Modified Gross | Mar 2028 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $571,909 CAD | |
| Land Assessment | $821,203 CAD | Total Assessment | $1,393,112 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$821,203 CAD
Improvements Assessment
$571,909 CAD
Total Assessment
$1,393,112 CAD
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6611-6617 S San Pedro Street | 6617 S San Pedro St
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