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.
84 days
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421
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11
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Zillow last checked:
Listing updated:
Listed by:
Jonathan RawsonDRE # 02010400310-869-9137,
Avenue Realty Group310-433-4293
Source: CLAW,MLS#: 26834307
Facts & features
Interior
Bedrooms & bathrooms
Bathrooms: 0
Heating
None
Cooling
None
Interior area
Total structure area: 0
Property
Parking
Parking features: On Street
Has uncovered spaces: Yes
Features
Levels: One
Fencing: Fenced
Lot
Size: 2,556 Square Feet
Dimensions: 43 x 60
Features: Rectangular Lot, Lot-Level/Flat, Sidewalks, Single Lot, Value In Land
Source: Kennedy Wilson Real Estate Sales & Marketing #19484410Report a problem
9/24/2019
Price change
$379,000-4.5%
Source: Kennedy Wilson Real Estate Sales & Marketing #19484410Report a problem
8/22/2019
Price change
$397,000-7.5%
Source: Kennedy Wilson Real Estate Sales & Marketing #19484410Report a problem
7/31/2019
Price change
$429,000-9.7%
Source: Kennedy Wilson Real Estate Sales & Marketing #19484410Report a problem
7/2/2019
Listed for sale
$475,000
Source: Kennedy Wilson Real Estate Sales & Marketing #19484410Report a problem
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Public tax history
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Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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