$395,000
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.
Facts & features
- Bathrooms
- 0 full, 0 half
- Lot size
- 0.059 acres (2,559 sq ft)
- View
- City Lights
- Area
- C 37 - Metropolitan South
- County
- Los Angeles
- Status
- Active
- Property type
- Land
- Days on market
- 30
- Listed
- 2026-05-14
- Original price
- $489,000
- Parcel #
- 6030006032
- MLS #
- 26839937
