Listing provided courtesy of Jonathan Rawson of Avenue Realty Group. Last updated 2026-05-27 08:11:16.000000. Listing information © 2026 Sandicor.
Asking Price: $489,000 |
8129 San Pedro, Los Angeles CA 90003
Community: C37 - Metropolitan South
This property was built in 1924 and is priced at $489,000. Please see the additional details below.
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.
