8411 S San Pedro St, Los Angeles, CA 90003
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8411 S San Pedro St Los Angeles, CA 90003

$595,000
  • -- Beds
  • -- Baths
  • 1,200 Sq.Ft.
For Sale
$595,000 Get Pre-Qualified

Map preview of 8411 S San Pedro St, Los Angeles, CA 90003

Property Overview: 8411 S San Pedro St Los Angeles, CA has -- bedrooms, -- bathrooms, 1,200 living square feet and 5,160 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Great opportunity to own a rare and vacant church. Remodel it for use or repurpose it as desired. Sold for land value only making it a great deal. With new codes, the property also affords an opportunity for redevelopment to a residential income property with tremendous residential density bonuses. R-4 zoning plus TOC Tier 1, 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 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.

Listed by David Bond | BRE #00580597 | David Bond
Last checked: 4 minutes ago | Last updated: June 3rd, 2024 | Source CRMLS | DOM: 63
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Home details

Lot Sq. Ft
5,160
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Other
Status
Active
MLS#
24392707
City
Los Angeles
County
Los Angeles
Time on Site
63 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 8411 S San Pedro St

Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot
  • Lot Size Source: Assessor
Property Information
  • Parcel Number: 6030014016
Location / Neighborhood
Location Information
  • Directions: North of Manchester and east of the 110 freeway.
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Sale History for 8411 S San Pedro St

Last sold for $269,000 on August 9th, 2017
  • May, 2024

  • May 15, 2024

    Date

    Active

    CRMLS: 24392707

    $595,000

    Price

  • August, 2017

  • Aug 11, 2017

    Date

    Sold

    CRMLS: DW17154954

    $269,000

    Price

  • Jul 19, 2017

    Date

    Active Under Contract

    CRMLS: DW17154954

    $269,000

    Price

  • Jul 8, 2017

    Date

    Active

    CRMLS: DW17154954

    $269,000

    Price

  • Listing provided courtesy of CRMLS

    Excellent Opportunity to Own this Commercial Property with LAR4 Zoning for Commercial, Office or Mixed use. Currently this building is being used as a Church and the building features some deferred maintenance. Property is to be sold in its current as is physical conditions,This could also be a great redevelopment candidate, lots of possibilities on this one !!!

  • August, 2017

  • Aug 9, 2017

    Date

    Sold (Public Records)

    Public Records

    $269,000

    Price

  • January, 2015

  • Jan 14, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 8411 S San Pedro St

Assessed Value (2020): $281,520
Year Land Value Improved Value Assessed Value
2020 $179,520 $102,000 $281,520

Home Value Compared to the Market

This property vs the competition

8411 S San Pedro St is listed 50.42% lower than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $495.83 per/sqft which puts the price per square foot 35.86% lower than the median price per square foot for the city of Los Angeles.

About 8411 S San Pedro St

Detailed summary of property

8411 S San Pedro St is a other located in Los Angeles, CA 90003 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 1,200 living square feet, and sits on an approximately 5,160 square foot lot. 8411 S San Pedro St was first listed on ArdentRealEstateGroup.com on May 16, 2024. The homeowner is currently asking $595,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 50.42% lower than the median priced home. Local competing homes currently for sale include 3610 Cajon Blvd, 1408 9th St and 4046 N H St. While the average home in Los Angeles, CA is selling in 101 days, 8411 S San Pedro St has a days on market of 63 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 8411 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 8411 S San Pedro St

Public county record property details
Beds
--
Baths
--
Year built
1923
Sq. Ft.
1,200
Lot Size
5,168
Stories
1
Type
Religious, Church, Worship (Synagogue, Temple, Parsonage)
Pool
No
Spa
No
County
Los Angeles
Lot#
93
APN
6030-014-016

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.
$584
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$479
Total Inventory
50
Median Sale to List Price %
94.02%
Avg Days on Market
140
Loan Type
Conventional (50%), FHA (16.67%), VA (0%), Cash (33.33%), Other (0%)

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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.