8411 San Pedro Street, Los Angeles

$595,000

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0.12

Acres

Listing Agent
David Bond - David Bond

8411 San Pedro Street Listing Summary

8411 San Pedro Street, MLS#: 24392719 is located in the neighborhood of Los Angeles, , Zip Code: 90003. The property is 0.12 acres in total The vacant land has been on the market for 61 days. It’s currently listed at $595,000.

About 8411 San Pedro Street

Sold for land value only making it a great deal plus an opportunity to own a rare and vacant church. Remodel it for use or repurpose it as desired. Rent it during entitlement. With new codes, the property affords an opportunity for redevelopment to a residential income property with tremendous residential density bonuses. R-4 zoning plus the best TOC Tier 1 benefits, low income housing bonuses, and ADU laws, would allow for an excellent opportunity to build a large multi-family residential project. With both street frontage and alley access along the whole side of the property, makes it more conducive for various development choices and opportunities. Perhaps a 12 unit condo project with 12 separate private tandem 2 car garages with access along the alley? Check with the city and your architect and explore the myriad of opportunities this great property offers and for all the details related to redeveloping it to its highest and best use with the greatest density allowable with all bonuses and things considered. A new law, signed by Gov. Gavin Newsom, rezones land owned by religious institutions, such as churches, mosques, and synagogues, to allow for affordable housing. Starting in 2024, they can bypass most local permitting and environmental review rules that can be costly and lengthy. See SB 4. Extraordinary opportunity for a scarce, unique, and desirable property along a major thoroughfare for a very high density development. Sold in its present "as is" condition. No warranties of any kind or representations made regarding the property whatsoever. Buyer to conduct their own independent investigations. Standard sale. No court approval necessary. Property will be delivered tenant free at close of escrow. Because it is being sold for land value only, go directly to the property at any time and view it from the street and alley. Do not enter the property or disturb the tenant. Interior of property will be shown only with proof of funds provided along with loan pre-approval letter or letter of credit if financing is needed. If being purchased for church purposes, the buyer must have adequate funds/financing for both purchase and rehab.

Features of 8411 San Pedro Street

MLS® # 24392719
Price $595,000
Bathrooms 0.00
Acres 0.12
Type Land
Status Active

Community Information

Address 8411 San Pedro Street
Area C37 - Metropolitan South
City Los Angeles
County Los Angeles
Zip Code 90003

Amenities

View None
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No

Exterior

Lot Description Flat

Additional Information

Date Listed May 15th, 2024
Days on Market 61
Zoning LAR4
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentDavid Bond
OfficeDavid Bond

Listing Map

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