9019 S San Pedro, Los Angeles, CA 90003

$1,549,900

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List Agent Alexia Hassan () REALTY ONE GROUP HOMELINK; CoList ()

List Price
$1,549,900
Price Change
▼ $450,000 1785556670
Status
ACTIVE
MLS#
CV26148136
Year Built
1921
Lot Size
6,105
Lot Location
2-5 Units/Acre
Days on Market
23
Property Type
Multifamily
Property Sub Type
Quadruplex

Property Description

Opportunity for value-add redevelopment in South Los Angeles. Located at 9019 South San Pedro Street, this 6,000-square-foot corner lot is improved with a 4-unit residential building currently subject to the Los Angeles Rent Stabilization Ordinance (RSO). Positioned on a corner lot with access from both San Pedro Street and the adjacent alley, the property offers site access that may provide flexibility for future development, parking design, and building layout. Developers may wish to explore opportunities under California’s AB 1287 Stacked Density Bonus Law and the City of Los Angeles Transit Oriented Communities (TOC) Tier 1 program. Located less than two blocks from the transit corridor along Manchester Avenue, the property may be eligible for increased residential density, potentially allowing up to 8 units in a 4-story building through applicable density bonus incentives, as well as potential parking reductions under AB 2097, subject to City approval and applicable regulations.

Additional Information

Pool Description
None
Heat
None
Cooling Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public

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Calculator source: Real Geeks

Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.