9019 S San Pedro, Los Angeles, California 90003, Los Angeles, 90003 - 0 bed, 0 bath
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Los Angeles, California 90003
Analysis of 9019 S San Pedro, Los Angeles, California 90003 is currently available with a list price of $1,999,900. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1921, this property is over 100 years old with no evidence of modern renovations. The kitchen is in a state of severe neglect with missing cabinet doors, exposed plumbing, and dated finishes. The listing is explicitly marketed as a 'value-add redevelopment' opportunity, indicating the structure requires a total rehab or is a candidate for demolition to maximize land value.
The property is eligible for TOC Tier 1 and AB 1287 Stacked Density Bonus Law, offering a rare opportunity to potentially double the unit count to an 8-unit, 4-story residential building.
Positioned on a 6,000+ square foot corner lot with alley access, the site provides superior flexibility for architectural design, parking ingress/egress, and construction logistics.
Located less than two blocks from the Manchester Avenue transit corridor, the property qualifies for parking reductions under AB 2097, significantly lowering development costs and maximizing buildable area.
The existing quadruplex is subject to the Los Angeles Rent Stabilization Ordinance (RSO), which may complicate tenant relocation and increase the timeline and cost for redevelopment.
At a list price of nearly $2 million for a 1921-built structure, the value is heavily weighted toward future potential rather than current cash flow, requiring substantial additional capital for realization.
Opportunity for value-add redevelopment in South Los Angeles. Located at 9019 South San Pedro Street, this 6,000-square-foot corner lot is improved with a 4-unit residential building currently subject to the Los Angeles Rent Stabilization Ordinance (RSO). Positioned on a corner lot with access from both San Pedro Street and the adjacent alley, the property offers site access that may provide flexibility for future development, parking design, and building layout. Developers may wish to explore opportunities under California’s AB 1287 Stacked Density Bonus Law and the City of Los Angeles Transit Oriented Communities (TOC) Tier 1 program. Located less than two blocks from the transit corridor along Manchester Avenue, the property may be eligible for increased residential density, potentially allowing up to 8 units in a 4-story building through applicable density bonus incentives, as well as potential parking reductions under AB 2097, subject to City approval and applicable regulations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 3.0 |
| Square foot | 3,750 | 2,250 |
| Lot Size | 6,105 | 5,864 |
| Price | $2.00M | $826.7K |
| Price per sq ft | $533 | $395 |
| Built year | 1921 | 1925 |
| HOA | $0 | $0 |
| Days on market | 13 | 83 |
Jul 9, 2026
$1,999,900
Initial Listing
Nov 2, 2001
$230,000
Public Record