8129 S San Pedro Street, Los Angeles, CA 90003

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
8129 S San Pedro Street,Los Angeles, CA 90003
$489,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jonathan rawson
Office: avenue realty group310-433-4293
MLS#:26834307
Source:CRMLS

Price summary

  • Price:$489,000

About this home

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.

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Home facts

  • Year built:1924
  • Listing ID #:26834307
  • Added:2 day(s) ago
  • Updated:May 17, 2026 at 10:48 AM

Structure and exterior

  • Year built:1924
  • Lot area:0.06 Acres
  • Lot Features:Rectangular Lot, Value In Land
  • Levels:1 Story

Finances and disclosures

  • Price:$489,000

Parking

  • Parking description:On Street
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