8129 S San Pedro St, Los Angeles, CA 90003
- $395,000
- List Price
- $395,000
- Price Change
- ▼ $69,000 1781382544
- MLS#
- 26839937
- Lot Size
- 2,559
- Days on Market
- 76
- Property Type
- Land
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.
Additional Information
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Courtesy of Avenue Realty Group, Jonathan Rawson - CA DRE#02010400
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