261-269 S San Pedro St - Apartments CONDO FOR SALE


Los Angeles, CA 90012- Little Tokyo
$895,000 USD
213-532-3268
261-269 S San Pedro St, Los Angeles, CA for Sale
$895,000 USD
Apartments CONDO - FOR SALE
1/16
null | Request Cap Rate

261-269 S San Pedro St
Los Angeles, CA 90012
Little Tokyo


OVERVIEW

Prime Downtown Location: Located in the heart of Little Tokyo at the signalized intersection of San Pedro & East 3rd Street, this ±960 SF commercial condo and detached ± 190 SF storage room offers unmatched visibility and accessibility. The property is positioned below 127 units of luxury apartment condominiums, ensuring a steady flow of residents, visitors, and foot traffic. Versatile & Functional Space: Formerly operated as a hair and beauty salon, the space is designed with flexibility in mind and can be adapted for a wide range of uses including retail, service, medical, or creative office. Its efficient layout makes it ideal for both customer-facing businesses and professional services. Strong Mixed-Use Environment: As part of a premier mixed-use development, the space enjoys the potential for built-in clientele from on-site residents as well as neighboring communities. The synergy of residential, retail, and cultural amenities creates a dynamic environment for potential long-term success. 24/7 Security: Experience peace of mind with 24/7 on-site security. Surrounded by 750 Units of Institutional Multifamily: The property stands to benefit from its prime location in the heart of Little Tokyo, directly surrounded by high-density institutional multifamily communities including Sakura Crossing Apartments (230 units), Arrive Wakaba (240 units), and Ava Little Tokyo (280 units). This concentration of nearly 750 residential units within walking distance could provide a built-in customer base and consistent foot traffic.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$778 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

223,841 SF

STORIES

6

BUILDING CLASS

B

YEAR BUILT

2006

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

1.48 AC

LAND SF

64,469 SF

ZONING

LAC2

APN/PARCEL ID

5161-025-016,5161-025-023,5161-025-031,5161-025-047,5161-025-050,5161-025-052,5161-025-060,5161-025-065,5161-025-066,5161-025-068,5161-025-077,5161-025-080,5161-025-083,5161-025-090,5161-025-093,5161-025-113,5161-025-114,5161-025-116,5161-025-129,5161-025-135,5161-025-148

ASK ABOUT THIS PROPERTY

Adam TischerColliersMore Info
213-532-3268

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Adam TischerColliersMore Info
213-532-3268

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.