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THE SAN PEDRO PROJECT | Value-Add Mixed-Use | $450K+ Equity Opportunity THE OPPORTUNITY Lawson-Hayes Realty is pleased to present 10401 S. San Pedro Street, an aggressively priced mixed-use corner asset in the high-demand 90003 zip code. Featuring a ±1,678 SF retail storefront and three (3) residential units, this ±7,400 total usable SF property is a premier "blank canvas" for a value-add investor or an owner-user seeking a high-equity position. THE VISION: AN EQUITY PLAY Priced at $1,925,000, the asset is positioned significantly below the $2.38M - $2.7M Stabilized Market Value. The listing offers a clear path to forced appreciation: Residential Modernization: Renovate the 3 residential units to capture $2,600+ market rents (consistent with 90003 comps for 2026). Retail/Basement Optimization: Leverage the ±1,206 SF finished basement as creative production space to maximize commercial rental yield. Curb Appeal & Branding: High-visibility corner lot with massive signage potential on a primary LA corridor. THE BUSINESS: "THE T-SHIRT SPOT" (Available Separately) Available for $150,000 (MLS #SR25245267), this turn-key apparel business makes the property: SBA 504/7(a) Eligible: Perfect for owner-operators to secure 90% financing with low down payments. Versatile Delivery: Retail and one residential unit can be delivered VACANT at COE, allowing for immediate repositioning or owner-occupancy. INVESTMENT HIGHLIGHTS Massive Functional Space: 6,194 SF GBA + 1,206 SF Basement = ±7,400 Usable SF. Unbeatable Basis: Priced at only $260/SF (Total Usable)"”nearly 50% below 2026 replacement costs. Proven Market Yield: Pro-Forma NOI of $104,136 provides a rock-solid 5.41% Cap Rate"”outperforming the LA market average. RSO Upside: Built in 1934; the significant "Loss-to-Lease" creates a quantifiable path to wealth through stabilization. FINANCIALS & DUE DILIGENCE A full Offering Memorandum (OM)"”including the $104K Pro-Forma model and itemized renovation budget"”is available upon request. SUBMIT SUBJECT TO INSPECTION. Buyer to verify all square footage, unit mix, and zoning (LARD2).
Property Type(s):
Single Family
| Last Updated | 1/7/2026 | Year Built | 1934 |
|---|---|---|---|
| Community | C37 - Metropolitan South | County | Los Angeles |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | C37 - Metropolitan South |
| BASEMENT | Finished, Yes |
| LOT | 3737 sq ft |
| LOT DESCRIPTION | Corner Lot |
| LOT DIMENSIONS | 3739 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Adlai Hayes
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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