8129 S San Pedro ST, Los Angeles, CA 90003
8129 S San Pedro ST, Los Angeles, CA 90003
8129 S San Pedro ST, Los Angeles, CA 90003
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$464,000
Est. payment /mo
2,556 Sqft Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26834307

HOA Y/N No

Year Built 1924

Lot Size 2,556 Sqft

Property Description

Rare RTI development opportunity in South Los Angeles, shovel-ready & priced to move. This cleared corner lot at San Pedro St and E 82nd Place offers City-approved plans for a 2-story, 4-unit residential project (2 primary units + 2 ADUs), with onsite parking included. At approximately 2,558 SF and zoned R3, the site is ideally suited for a small developer or investor-operator looking to build & hold for income. Projected Section 8 rental income of $2,041/unit/month (current HACLA 0BR for 90003) translates to approximately $97,968 in gross annual income. New construction ADUs are RSO-exempt for 30 years. Permits are in hand so no entitlement risk & no waiting to build here. The dual street frontage adds curb presence & flexibility. Don't miss this ready-to-build income play in a high-demand South LA submarket.

Location

State CA

County Los Angeles

Area C37 - Metropolitan South

Zoning LAR3

Interior

Heating None

Cooling None

Fireplace No

Exterior

Parking Features On Street

Building

Lot Description Rectangular Lot, Value In Land

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6030006032

Special Listing Condition Standard

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Listed by Jonathan Rawson Avenue Realty Group #02010400

NEARBY SCHOOL & BUSINESS

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