
Los Angeles, California 90003
This Mixed-Use Residential Income Asset presents a High-Potential Investment Opportunity, listed at a List Price of $589,000—positioned well above the $507,045 Fair Market Value. While the property requires significant modernization given its Fair Condition Rating, the 1926 structure offers a versatile layout with a 3-bedroom unit and a 900 sq. ft. commercial storefront. This configuration provides a unique value-add opportunity for those looking to renovate and stabilize income. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a live-work arrangement.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9223 S San Pedro Subject | $589,000* List Price | 0 | 0 | 1,934 | $262 | - |
A 231 W 88th Street Sold | $480,000 | 0 | 0 | 1,907 | $252 | 0.6 mi |
B 231 W 88th Street Sold | $480,000 | 4 | 3 | 1,907 | $252 | 0.6 mi |
C 9618 S Figueroa Street Sold | $540,000 | 0 | 0 | 2,520 | $214 | 0.8 mi |
D 402 E 92nd Active | $719,900 List Price | 0 | 0 | 2,234 | $322 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1926 (98 years old) with no mention of recent renovations to kitchens, bathrooms, or major systems like HVAC and electric. The description's use of 'functional' and 'practical' for a century-old structure indicates a dated interior that likely requires a full rehab to meet modern safety and living standards.
The property features both a residential apartment and a commercial storefront, offering flexible options for owner-users to live and work on-site or for investors to diversify income streams.
With direct street frontage along the well-established San Pedro Street corridor, the 900-square-foot commercial space provides excellent exposure for retail or service-oriented businesses.
The residential component includes a well-proportioned three-bedroom unit with a practical floor plan and a private garage, making it highly attractive for long-term tenants.
With only a single-car garage available for both the three-bedroom residence and the commercial unit, parking may be a significant constraint for customers and residents.
Originally built in 1926, the structure may require modernization of major systems or cosmetic updates to meet contemporary standards and maximize market value.
9223 S San Pedro Street presents a versatile mixed-use opportunity in South Los Angeles, offering both residential and commercial components on a single parcel. This property features an approximately 875 square foot, three-bedroom, one-bathroom apartment positioned adjacent to an approximately 900 square foot commercial space, creating strong potential for owner-user occupancy or income investment. The residential unit offers a functional three-bedroom layout with ample natural light and a practical floor plan suitable for a variety of living arrangements. A single-car garage provides secure parking or additional storage, enhancing convenience and overall utility. The ground-floor commercial space spans approximately 900 square feet and is well-suited for retail, office, or service-oriented uses. With direct street frontage along San Pedro Street, the commercial component benefits from visibility and accessibility within a well-established corridor. This mixed-use configuration allows for flexible occupancy strategies, whether for an owner-operator seeking to live on-site while running a business, or an investor looking to generate income from both residential and commercial tenants. Located with convenient access to major thoroughfares and surrounding neighborhoods, 9223 S San Pedro Street offers a compelling opportunity to acquire a multi-functional asset in Los Angeles.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,934 | 2,120 | 46% |
| Lot Size | 2,883 | 5,202 | 5% |
| Price | $589.0K | $755.0K | 22% |
| Price per sq ft | $305 | $356 | 46% |
| Built year | 1926 | 1927 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 197 | 3% |
May 27, 2026
$589,000
Initial Listing
Feb 17, 2006
$220,000
Public Record