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$489,000
Est. payment /mo
2,556 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26834307
HOA Y/N No
Year Built 1924
Lot Size 2,556 Sqft
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
Area C37 - Metropolitan South
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features On Street
Building
Lot Description Rectangular Lot, Value In Land
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6030006032
Special Listing Condition Standard
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Listed by Jonathan Rawson Avenue Realty Group #02010400