8129 S San Pedro Street, Los Angeles, CA 90003
8129 S San Pedro Street, Los Angeles, CA 90003
8129 S San Pedro Street, Los Angeles, CA 90003
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$395,000
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2,559 Sqft Lot
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8129 S San Pedro Street Los Angeles, CA 90003

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

+1(925) 864-5757

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL26839937

HOA Y/N No

Lot Size 2,559 Sqft

Acres 0.0587

Property Sub-Type Unimproved 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.

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Fireplace No

Exterior

View Y/N true

View City Lights

Building

New Construction No

Others

Tax ID 6030006032


Bridge MLS
Listed by Jonathan Rawson • Avenue Realty Group

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

Realtor | r01066846,01955798,02086289

+1(925) 864-5757

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8129 S San Pedro Street