tomo logo

$1,750,000

Beds
Unknown
sq ft
3,780

6611 S San Pedro St, Los Angeles, CA 90003

6611 S San Pedro St

Los Angeles, CA 90003

  • 51 days on market
Attention: Developers, Investors, owner users The property address is 6611-6617 S San Pedro Ave with 10,169 SQFS land Zoned [Q]R4-1. (2 Separate lots) No parking is required for 100% affordable projects. The project can utilize ED-1 (Executive Directive 1) to develop 100% affordable units. The property will be delivered VACANT. **Building Size**: 480 square feet. - **Additional Building Size**: 3,780 square feet. - **Potential Capacity**: Up to 60 additional children contingent to city approval **Total Capacity**: Approximately 75 children. **Property Features:** - **Commercial Kitchen**: Fully equipped. - **ADA Compliance**: 5 bathrooms. - **Security**: Electric gate. - **12 Parking**: Extensive area of 10,169 square feet. - **Proximity**: Located across from a large school, enhancing demand for child care services. **Additional Opportunities:** - **Event Hosting**: Suitable for birthday parties and private events, coin laundry This property presents an excellent opportunity for expanding childcare services, leveraging its prime location and extensive amenities to attract more families and increase revenue.

Details

Property type

Lot size

5,112 sq ft

Price per sq ft

$463

Year built

1943

HOA

No

Price History

09/26/2024
CLAW

CLAW #24445775

Listed
$1,750,000
+90.22%
12/14/2021
CRMLS

CRMLS #RS21176308

Sold
$920,000

Schools & Community

Neighborhood: 

Southeast Los Angeles

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Olive Street Investors Ii Lp

Loan start date

December 2021

Original loan amount

$400,000

Est. remaining balance

Not provided

Interest rate

3.09%

Loan type

Future Advance Clause / Open End Mortgage

Seller

Capaz Holdings Llc and Bereshit Investment Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/25/2024 at 11:40 AM

Listing updated: 12/04/2024 at 8:40 PM

Listed by: Shahram Shamounpour, Keller Williams Realty Westside Phone #: (310) 482-2500

MLS: CLAW #24445775

CLAW logo

Recently listed in Los Angeles