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Land — 8129 S San Pedro Street, Los Angeles, CA

$395,000

8129 S San Pedro Street, Los Angeles, CA

$395,000 — 8129 S San Pedro Street, Los Angeles, CA — photo 1 $395,000 — 8129 S San Pedro Street, Los Angeles, CA — photo 2 $395,000 — 8129 S San Pedro Street, Los Angeles, CA — photo 3 $395,000 — 8129 S San Pedro Street, Los Angeles, CA — photo 4 $395,000 — 8129 S San Pedro Street, Los Angeles, CA — photo 5
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About this property

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.

Property details

Property type
Land

Location

8129 S San Pedro Street • Los Angeles, CA 90003

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Listed by

Jonathan Rawson · Avenue Realty Group

Listing courtesy of Avenue Realty Group. Information deemed reliable but not guaranteed.

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