12815 S San Pedro Street, Los Angeles, California 90061, Los Angeles, 90061 - 4 bed, 2 bath
ACTIVE$798,000$1,416/sqft
Est. Value: $876,732
9%
BelowEstimate
12815 S San Pedro Street, Los Angeles, California 90061
4Beds
2Baths
1,416Sqft
12,023Lot
Price Vs. Estimate
The estimated value ($876,731.845) is $78,731.845 (9%) higher than the list price ($798,000). This property may be underpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12023, living area = 1416.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12023, other record lot size in square feet = 7570.
Compared to the nearby listings
Price:$798.0K vs avg $647.5K (+$150,500)92%
Size:1,416 sqft vs avg 1,092.5 sqft75%
Price/sqft:$564 vs avg $59333%
More Insights
Built in 1971 (55 years old).
Condition: The property has undergone a very recent and extensive modern renovation, as evidenced by the new kitchen with white shaker cabinets, stainless steel appliances, and modern fixtures, as well as the fully updated bathrooms with contemporary vanities and tiling. New flooring, fresh paint, and updated light fixtures (including recessed lighting and modern ceiling fans) are present throughout, making it move-in ready. However, the original build year of 1971 and the visible wall heater suggest that core systems like HVAC, plumbing, and electrical may not have been fully replaced, preventing an 'Excellent' rating which requires all components to be virtually new.
Year Built
1971
Close
-
List price
$798K
Original List price
$898K
Price/Sqft
$564
HOA
-
Days on market
-
Sold On
-
MLS number
OC25277709
Home ConditionGood
Features
Patio
ViewNeighborhood
About this home
Whether you’re a buyer seeking a stunning turnkey, fully modern-renovated home or an investor looking for future flexibility, this property delivers a compelling blend of comfort and opportunity. Located on an expansive, hard-to-find two-parcel lot totaling over 12,000 square feet, this 4-bedroom, 2-bathroom single-level home offers approximately 1,400 square feet of well-designed living space on an LCR3 multi-family zoned lot. The interior features a bright, functional layout with a renovated kitchen and bathrooms, updated flooring, fresh interior paint, and newer windows throughout. Outside is fully fenced with a lot that has extreme potential. With the option to expand to multi-family, add an ADU, or simply enjoy the home as-is, this dual-parcel property stands out for its move-in-ready condition, and generous space.
S
Sara Farsani
Listing Agent
Condition Rating
Good
The property has undergone a very recent and extensive modern renovation, as evidenced by the new kitchen with white shaker cabinets, stainless steel appliances, and modern fixtures, as well as the fully updated bathrooms with contemporary vanities and tiling. New flooring, fresh paint, and updated light fixtures (including recessed lighting and modern ceiling fans) are present throughout, making it move-in ready. However, the original build year of 1971 and the visible wall heater suggest that core systems like HVAC, plumbing, and electrical may not have been fully replaced, preventing an 'Excellent' rating which requires all components to be virtually new.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12023, living area = 1416.
Development Potential: Situated on an expansive, hard-to-find two-parcel lot totaling over 12,000 sqft with LCR3 multi-family zoning, offering significant potential for expansion, adding an ADU, or multi-family development.
Turnkey & Modern Renovation: The home is described as a 'stunning turnkey, fully modern-renovated home' with updated kitchen, bathrooms, flooring, fresh interior paint, and newer windows, minimizing immediate buyer expenses.
Large Lot Size: The property boasts an impressive lot size of over 12,000 square feet, providing ample outdoor space and flexibility for various uses.
Single-Level Layout: The 4-bedroom, 2-bathroom home features a desirable single-level layout, offering ease of access and functional living space.
Fenced Yard & Exterior Potential: The exterior is fully fenced, providing privacy and security, with a lot that has 'extreme potential' for landscaping or further customization.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =12023, other record lot size in square feet = 7570.
Significant Price Reduction: The property has undergone a substantial price reduction from $898,000 to $798,000, which may raise questions about its initial market valuation or buyer interest.
School District: Located within the Compton Unified High School District, which may be a less desirable factor for some family buyers compared to other districts in Los Angeles.
Age of Core Systems (Potential): While cosmetically renovated, the property's 1971 build year suggests that major systems (e.g., HVAC, main plumbing, electrical) may not have been fully updated, potentially leading to future maintenance considerations.