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8129 S San Pedro St, Los Angeles, CA 90003
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8129 S San Pedro St Los Angeles, CA 90003

$350,000 Sold Price as of 12/27/2019
  • 0 Beds
  • 0 Baths
  • -- Sq.Ft.
Sold
$350,000 Sold Price as of 12/27/2019 Refinance Your Mortgage
Map preview of 8129 S San Pedro St, Los Angeles, CA 90003

Property Overview: 8129 S San Pedro St Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 2,558 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This Retail/Storefront building is on an R3 zoned lot (was C2 zoning at time of construction), open plan, interior may be further demised, corner location, immediate occupancy.

Listed by Martin Clouser | BRE #00912230 | Kennedy Wilson Real Estate Sales & Marketing
Co-listed by Rhett Richar Winchell | BRE #01906531 | Kennedy Wilson Real Estate Sales & Marketing
Last checked: 3 minutes ago | Last updated: October 18th, 2022 | Source CRMLS | DOM: 161

Home details

Lot Sq. Ft
2,558
HOA Dues
$0/mo
Year built
1924
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
19484410
City
Los Angeles
County
Los Angeles
Time on Site
1265 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 1
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8129 S San Pedro St

Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Street
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 1
  • Parcel Number: 6030006032
Location / Neighborhood
Location Information
  • Directions: From 110 Fwy exit Manchester Ave and go east. Go north on San Pedro St to 8129 S. San Pedro Street.
View more facts & features

Local Los Angeles Agent

Sale History for 8129 S San Pedro St

Last sold for $350,000 on December 27th, 2019

  • October, 2022

  • Oct 16, 2022

    Date

    Expired

    CRMLS: OC22075797

    $549,999

    Price

  • Apr 15, 2022

    Date

    Active

    CRMLS: OC22075797

    $399,999

    Price

  • Listing provided courtesy of CRMLS

    Rare Vacant Flat Lot. Corner Lot!!!! Zoned R3. Build Up To 5 Units. 4- 5 Stories Allowed. Located In Los Angeles Including Zero Parking Required. The Old Building On The Lot Has Been Completely Demolished.

  • August, 2021

  • Aug 20, 2021

    Date

    Withdrawn

    CRMLS: 21766662

    $599,000

    Price

  • Jul 29, 2021

    Date

    Active

    CRMLS: 21766662

    $599,000

    Price

  • Listing provided courtesy of CRMLS

    This building is ready to be remodeled into a large 9 bedroom 9 bath dorm-style residence with an attached ADU generating rental income of approx. $8,100/mth; $97,200/yr. The new layout is designed for 9 dorm-style units with private baths that can each rent for $900+/mth. The property's zoning change has already been completed from commercial C2 to residential R3, creating a rare "by right" residential conversion opportunity. Permit expediting fees have also already been paid saving the new owner time & money. This is a unique opportunity to quickly create a high cash flow property at a great price without the high costs & lengthy process of ground-up construction. LA's expedited ADU approval process allows the buyer to get started on the conversion within 60 days of submission. The existing space in the rear of the building allows for 2 tandem parking spaces to accommodate parking requirements. The building's existing layout is totally open with 3 bathrooms and a kitchen and plumbing & utilities already on-site so it will be very easy to demise the space to create the units' new layout. The high 12ft ceilings also create an additional opportunity for spacious loft-style bedrooms & more square footage. The property is also located in a TOC Tier 1 area. Contact us today for more details & a tour!

  • January, 2021

  • Jan 1, 2021

    Date

    Expired

    CRMLS: SB20183113

    $465,000

    Price

  • Oct 30, 2020

    Date

    Withdrawn

    CRMLS: SB20183113

    $465,000

    Price

  • Oct 22, 2020

    Date

    Price Change

    CRMLS: SB20183113

    $465,000

    Price

  • Sep 3, 2020

    Date

    Active

    CRMLS: SB20183113

    $474,999

    Price

  • Listing provided courtesy of CRMLS

    SOLID PRICE REDUCTION for this versatile 2,100sf space at 8129 San Pedro Street... Bring all offers! With attractive financing available, why pay a crazy lease rate when you can own your own building at a great value (only $223/SF). High visibility corner location with a ton of car & pedestrian traffic. Configured as one large suite presently, but the space can easily be demised & used as 2-3 different suites for a variety of uses/businesses with three separate addresses/entrances (8129; 8131 & 8133 San Pedro). Features 3 bathrooms; a large commercial kitchen & 12 ft high ceilings provide a lot of openness. Perfect property for tons of different businesses, especially restaurant/take-out only/ghost kitchen uses... This is a "food desert" in desperate need of new restaurant options with a dense residential population with very few non-fast food dining options locally + great revenue possibilities. Possible uses: artist studio/gallery, creative office space for startup businesses, churches; pastry/soup/prep kitchen; transitional housing, childcare, community center... Zoned R3 so approved for all live/work uses + some commercial uses with the previous C2 zoning are also grandfathered in (Buyer to verify their specific use with LADBS). The property also features two gated off-street parking spaces in the rear + public transportation directly in front of the building in a very walkable neighborhood with quick freeway access to 110.

  • July, 2020

  • Jul 1, 2020

    Date

    Expired

    CRMLS: SB20057205

    $495,000

    Price

  • May 12, 2020

    Date

    Price Change

    CRMLS: SB20057205

    $495,000

    Price

  • Apr 9, 2020

    Date

    Price Change

    CRMLS: SB20057205

    $499,000

    Price

  • Mar 16, 2020

    Date

    Active

    CRMLS: SB20057205

    $550,000

    Price

  • Listing provided courtesy of CRMLS

    Further price adjustment & motivated Seller so bring your offers ASAP... The possibilities are endless with this open 2,100sf commercial flex space at 8129 San Pedro Street. The space is currently laid out as one large open floor plan, but it can easily be demised & used as 2 or 3 different spaces with three separate addresses/entrances (8129; 8131 & 8133 San Pedro). The property features: 3 bathrooms; a large commercial kitchen & large open live/work spaces providing a blank palate for a ton of different operators. Perfect space to operate a "Ghost Kitchen" and shift your restaurant biz to 100% online delivery-only now as Covid-19 has quickly shifted the focus from large high-rent dine-in restaurant spaces to online delivery-only. This versatile space allows you to own & operate your restaurant for a fraction of the cost of your existing lease + provides great live/work options. Other possible uses include: an artist studio/gallery, creative workspace, open creative office space for startup businesses, churches; additional offsite flex space for an already existing business, shelter/soup/prep kitchen; transitional housing, childcare, community center... Zoned R3 so approved for all live/work uses + some commercial uses with the previous C2 zoning are also grandfathered in. The property features two rear parking spaces + public transportation directly in front of the building with quick freeway access to the 110. Owner is also open to leasing the space at $4,800/mth.

  • December, 2019

  • Dec 28, 2019

    Date

    Sold

    CRMLS: 19484410

    $350,000

    Price

  • Dec 9, 2019

    Date

    Pending

    CRMLS: 19484410

    $379,000

    Price

  • Sep 24, 2019

    Date

    Price Change

    CRMLS: 19484410

    $379,000

    Price

  • Aug 22, 2019

    Date

    Price Change

    CRMLS: 19484410

    $397,000

    Price

  • Jul 31, 2019

    Date

    Price Change

    CRMLS: 19484410

    $429,000

    Price

  • Jul 2, 2019

    Date

    Active

    CRMLS: 19484410

    $475,000

    Price

  • December, 2019

  • Dec 27, 2019

    Date

    Sold (Public Records)

    Public Records

    $350,000

    Price

  • March, 2018

  • Mar 29, 2018

    Date

    Sold (Public Records)

    Public Records

    $250,000

    Price

  • February, 2018

  • Feb 28, 2018

    Date

    Expired

    CRMLS: SB17172962

    $379,950

    Price

  • Feb 27, 2018

    Date

    Hold

    CRMLS: SB17172962

    $379,950

    Price

  • Dec 21, 2017

    Date

    Withdrawn

    CRMLS: SB17172962

    $379,950

    Price

  • Jul 28, 2017

    Date

    Active

    CRMLS: SB17172962

    $379,950

    Price

  • Listing provided courtesy of CRMLS

    Probate Sale subject to court approval, and overbidding. Buyer to verify zoning and use.

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Tax History for 8129 S San Pedro St

Assessed Value (2020): $350,000
Year Land Value Improved Value Assessed Value
2020 $305,000 $45,000 $350,000

Home Value Compared to the Market

This property vs the competition

8129 S San Pedro St sold on December 27, 2019 for 66.46% lower than the current median sold price for the city of Los Angeles which is $1,130,000.

About 8129 S San Pedro St

Detailed summary of property

8129 S San Pedro St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 2,558 square foot lot. 8129 S San Pedro St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $350,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 66.46% lower than the current median priced home. While the average home in Los Angeles, CA is selling in 99 days, 8129 S San Pedro St has a days on market of 161 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 8129 S San Pedro St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8129 S San Pedro St

Public county record property details
Beds
--
Baths
--
Year built
1924
Sq. Ft.
2,100
Lot Size
2,558
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
37
APN
6030-006-032

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$575,000
Median List Price/Sq.Ft.
$583
Median Sold Price
$535,000
Median Sold Price/Sq.Ft.
$575
Total Inventory
42
Median Sale to List Price %
101.9%
Avg Days on Market
34
Loan Type
Conventional (0%), FHA (11.11%), VA (11.11%), Cash (44.44%), Other (33.33%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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