$875,000
 $4,697 est/mo Sourced by Back At You

8504 S San Pedro Street,Los Angeles, CA 90003

Los Angeles, CA 90003

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Description

THIS 4-UNIT APARTMENT BUILDING, SITUATED SOUTH OF DOWNTOWN LOS ANGELES, PRESENTS AN IDEAL OPPORTUNITY FOR FIRST-TIME INVESTORS OR A VALUABLE ADDITION TO AN EXISTING INVESTMENT PORTFOLIO. THE PROPERTY COMPRISES TWO 3-BEDROOM, 2-BATHROOM UNITS AND TWO 1-BEDROOM, 1-BATHROOM UNITS. SUBJECT TO RENT CONTROL, IT FEATURES SEPARATELY METERED GAS AND ELECTRICITY, WITH EACH UNIT EQUIPPED WITH ITS OWN WATER HEATER. IMPECCABLY MAINTAINED BY THE CURRENT OWNER, THE BUILDING IS 100% OCCUPIED, ENSURING CONSISTENT CASH FLOW AND MINIMAL MAINTENANCE COSTS. THE ROOF AND COPPER PLUMBING WERE UPGRADED IN 2009, AND SEVERAL UNITS HAVE BEEN THOUGHTFULLY RENOVATED, INCLUDING KITCHEN AND BATHROOM UPDATES.PERFECTLY POSITIONED NEAR THE UNIVERSITY OF SOUTHERN CALIFORNIA AND DOWNTOWN LOS ANGELES, THIS PROPERTY IS PRICED TO SELLOFFERING A REMARKABLE VALUE, PARTICULARLY WHEN COMPARED TO MOST 1-BEDROOM CONDOS IN DOWNTOWN LA. SET IN A BURGEONING NEIGHBORHOOD WITH CONSIDERABLE RENTAL UPSIDE, IT PROVIDES IMMEDIATE INCOME POTENTIAL WHILE OFFERING FUTURE GROWTH OPPORTUNITIES. WITH EASY ACCESS TO PUBLIC TRANSPORTATION, LOCAL RETAIL, AND PROXIMITY TO THE 110 FREEWAY, BETWEEN THE 105 AND 10 FREEWAYS, THIS PROPERTY REPRESENTS AN OUTSTANDING INVESTMENT IN A PRIME LOCATION. ACTUAL RENT FOR THE 4 UNITS IS AS FOLLOWS: 8504 SAN PEDRO - $875, 8504 1/2 SAN PEDRO - $1,200, 8506 SAN PEDRO - $1,735, AND 8506 1/2 SAN PEDRO - $1,478.

Details

MLS #26869029
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1949
Days On Site25
Listing Provided ByBeverly Hills Fabulous Estates Inc. | Charles Le

Features

Bed(s)8
Bath(s)6
SQ Feet3,213
Story(s)1
Units4
Building(s)1
ZoningLAR3
Acreage0.13

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoNo

Parking

Parking FeaturesNone

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90003
AreaC37 Metropolitan South
Listing VS Median (in 90003)
Price:
$875,000
low | high
Med:
$912,500
45.714285714286% of Average
sqft:
3,213
low | high
Med:
3,342
46.000622471211% of Average
$ / sqft:
$272
low | high
Med:
$275
49.01636066613% of Average
On site:
25
low | high
Med:
118
21.186440677966% of Average
Sourced by Back At You

Market Activity 90003

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90003
AreaC37 Metropolitan South
Listing VS Median (in 90003)
Price:
$875,000
low | high
Med:
$912,500
45.714285714286% of Average
sqft:
3,213
low | high
Med:
3,342
46.000622471211% of Average
$ / sqft:
$272
low | high
Med:
$275
49.01636066613% of Average
On site:
25
low | high
Med:
118
21.186440677966% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $656K - $1.93M
sqft: 2,000 - 4,000
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337 E Manchester Property Photo 1
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337 E Manchester
Los Angeles, CA 90003
Listing Updated: August 21, 2026 at 9:51:03 PM PDT