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3721 S San Pedro Street

Los Angeles (City), CA 90011
  • $950,000
  • STATUS: Pending
  • ON SITE: 22 Days
  • ID#: RS22088985
Pending
UPDATED: 109 min ago
$950,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,014
    SQFT
  • $158
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2022
County:

School Ratings & Info

School District:
Listing Agent(s): J Chris Kim of Keller Williams Pacific Estates Cerritos (562-261-0900)


Description

Calling all INVESTORS and DEVELOPERS! RTI.. Ready to issue permits opportunity! This property comes entitled with ready to issue permits approved by the City of Los Angeles to build 4 units (2x identical duplex structures, 3007 SF each, total 6014 SF). Save months in design, plan-checks, and permitting. At completion this property value is estimated at $2.7M based on similar properties sold in the area. New construction 4 bed/4 bath units are renting for $3200 - $3300 in the area. Total rental income is projected $13,000 per month. Each duplex will be 3-story with 1-car garage and ample on-site parking. Each floor is designed with bedrooms and bathrooms to match. Perfectly designed for roommates. Located just minutes from USC and Downtown LA. Perfect for student housing overflow or young professionals. Location, location, location!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T00:28:12.13. 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 deemed reliable but is not guaranteed accurate by the MLS or Re/Max Top Producers. Licensed in the State of California, USA.
www.listingsinla.com/homes/128268658
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3721 S San Pedro Street Los Angeles (City), CA 90011

  • Price: $950,000
  • Status: Pending
  • On Site: 22 Days
  • Updated: 109 min ago
  • ID#: RS22088985
0
Beds
0
Baths
0
½ Baths
0.14
Acres
6,014
SQFT
$158
$/SQFT
2022
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
School District:
Los Angeles Unified
Property Description
Calling all INVESTORS and DEVELOPERS! RTI.. Ready to issue permits opportunity! This property comes entitled with ready to issue permits approved by the City of Los Angeles to build 4 units (2x identical duplex structures, 3007 SF each, total 6014 SF). Save months in design, plan-checks, and permitting. At completion this property value is estimated at $2.7M based on similar properties sold in the area. New construction 4 bed/4 bath units are renting for $3200 - $3300 in the area. Total rental income is projected $13,000 per month. Each duplex will be 3-story with 1-car garage and ample on-site parking. Each floor is designed with bedrooms and bathrooms to match. Perfectly designed for roommates. Located just minutes from USC and Downtown LA. Perfect for student housing overflow or young professionals. Location, location, location!
Exterior Features

Lot Features LevelRectangular LotValue In Land Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Roof None View None View YN No

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Interior Features Multiple Master Suites Main Level Bathrooms 0 Main Level Bedrooms 0

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsStreet LightsSidewalks Contingency None Disclosures IncorporatedPrincipal is Real Estate Licensed Garage YN No Inclusions Ready To issue Permit Plans Approved By City Of Los Angeles Land Lease YN No Laundry Features None Lease Considered YN No Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan New Construction YN Yes Property Sub Type Quadruplex Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Quadruplex Water Source Public Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-25T00:28:12.13. 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 deemed reliable but is not guaranteed accurate by the MLS or Re/Max Top Producers. Licensed in the State of California, USA.
 
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Re/Max Top Producers
618 N Diamond Bar Blvd.
Diamond Bar CA, 91765
Listing Agent(s): J Chris Kim of Keller Williams Pacific Estates Cerritos (562-261-0900)