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Attached Vacant Space for Potential ADU

Soft-Story Retrofit Complete

Elfyer - San Pedro, CA House - For Sale
Elfyer - San Pedro, CA House - For Sale
Elfyer - San Pedro, CA House - For Sale
Elfyer - San Pedro, CA House - For Sale
Elfyer - San Pedro, CA House - For Sale
Elfyer - San Pedro, CA House - For Sale
Located in San Pedro, 340 W 11th Street is a two-story 6-unit apartment property built in 1964 primed with the issuance of the soft story retrofit certificate of completion. The building also features an attached space of approximately 200 square feet with the possibility of a legal ADU conversion. The building sits on a 5,007 square foot LAR2 zoned lot with alley access. The building, separately metered for gas & electricity totals 4,736 square feet, forming four good sized 2 bedroom, 1 bath and two, 1 bedroom, 1 bath units, and lanlord owned coin-op laundry for additional income. The improvements feature five total garage parking spaces with room for at least three more open off-street parking spaces. Retrofit items from the Residential Property Report are reportedly complete, buyer to verify. The building is subject to the City of Los Angeles Rent Stabilization Ordinance and upon tenant turnover at least 40% in rental upside is attainable. The building is located just blocks from the restaurants and shops of downtown.
  • Good Mix of 2 Bedroom & 1 Bedroom Units
  • Over 40% Rental Upside Attainable Upon Turnover
  • Alley Access
  • Close to downtown shops & restaurants
  • 5 Total Garage Spaces & At Least 3 Additional
  • Separate Gas & Electric Meters
  • Coin Operated Laundry On-Site
MLS: SB20180857
Sq Ft: 4,736
Yr Built: 1964
Pool: No
Parking: Assigned
Asking: $1,325,000
Property Address
340 W 11th Street
San Pedro, CA
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Derek Fowler
[310] 937-5764
Contact Agent
Visit Agent Website
Lic#: 01319692
RE/MAX Commercial & Investment Realty
450 Silver Spur Road 
  Rolling Hills Estates, CA 90274

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Information deemed reliable but not guaranteed.
Agent and/or buyer to verify all information.

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