5123 S San Pedro St, Los Angeles, California 90011, Los Angeles, - bed, bath
ACTIVE$799,900
5123 S San Pedro St, Los Angeles, California 90011
0Bed
0Bath
2,517Sqft
3,850Lot
Year Built
1937
Close
-
List price
$800K
Original List price
$865K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
CV25214317
Home ConditionFair
Features
View-
About this home
Exceptional Duplex Opportunity in Prime Los Angeles Location! Discover this rare investment and owner-user opportunity in the heart of Los Angeles. This charming duplex features two spacious homes on one lot, perfect for generating rental income or living in one while renting the other. Front House: 3 bedrooms, 1 bathroom, currently occupied and generating $2,700/month in rental income. Bright and welcoming with comfortable living spaces and classic character. Back House: 4 bedrooms, 2 bathrooms, currently vacant, providing the ideal chance for owner occupancy or immediate rental income potential. The property offers privacy between units, making it ideal for extended families, multi-generational living, or savvy investors looking for strong returns. Conveniently located near shopping, dining, schools, and major freeways, this duplex combines comfort with prime city access. Whether you’re seeking your next investment or a home that helps pay the mortgage, this property delivers!
Nearby schools
2/10
Main Street Elementary School
Public,•K-5•0.2mi
5/10
Estrella Elementary School
Public,•K-5•0.4mi
2/10
Forty-Ninth Street Elementary School
Public,•K-5•0.5mi
2/10
Aurora Elementary School
Public,•K-5•0.8mi
5/10
West Vernon Avenue Elementary School
Public,•K-5•0.8mi
3/10
Sally Ride Elementary: A Smart Academy
Public,•K-5•0.9mi
3/10
Fifty-Second Street Elementary School
Public,•K-5•1.0mi
4/10
Ricardo Lizarraga Elementary School
Public,•K-5•1.0mi
2/10
Harmony Elementary School
Public,•K-5•1.0mi
2/10
Marguerite Poindexter Lamotte Elementary
Public,•K-5•1.1mi
/10
Dr. James Edward Jones Primary Center
Public,•K-2•1.3mi
3/10
Los Angeles Academy Middle
Public,•6-8•0.5mi
3/10
George Washington Carver Middle School
Public,•6-8•0.7mi
2/10
John Muir Middle School
Public,•6-8•1.4mi
3/10
William Jefferson Clinton Middle School
Public,•6-8•1.6mi
2/10
Augustus F. Hawkins High A Critical Design And Gaming
Public,•9-12•1.2mi
2/10
Thomas Jefferson Senior High School
Public,•9-12•1.4mi
3/10
Nava College Preparatory Academy
Public,•9-12•1.5mi
3/10
Manual Arts Senior High School
Public,•9-12•1.5mi
3/10
John C. Fremont Senior High School
Public,•9-12•1.8mi
5/10
Santee Education Complex
Public,•9-12•2.3mi
Price History
Date
Event
Price
10/12/25
Price Change
$799,900-2.5%
09/30/25
Price Change
$820,000-5.2%
09/10/25
Listing
$865,000
05/30/19
Sold
$600,000
01/25/19
Sold
$461,000
06/01/15
Sold
$420,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (23 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,517 | 2,022 | 83% |
| Lot Size | 3,850 | 5,364 | 8% |
| Price | $800K | $710K | 67% |
| Price per square foot | $318 | $345 | 33% |
| Built year | 1937 | 9615962 | 79% |
| HOA | |||
| Days on market | 56 | 167 | 8% |
Condition Rating
Fair
Built in 1937, this duplex has received recent cosmetic updates such as new laminate flooring and fresh paint, making it move-in ready. However, the kitchen features older wood-toned cabinets and granite countertops that, while functional, appear dated (likely 15-20+ years old). The bathroom also exhibits an older tile style. The heating system is an outdated wall unit, and there is no central air conditioning. While maintained, the property shows its age in key areas and would benefit from minor updates to meet current aesthetic and comfort standards.
Pros & Cons
Pros
Income-Generating Duplex: The property features two distinct units, with one already occupied and generating $2,700/month, providing immediate and stable rental income.
Owner-User Opportunity: The vacant back house (4 beds, 2 baths) offers an ideal opportunity for an owner to occupy one unit while the other generates income, significantly offsetting mortgage costs.
Prime Los Angeles Location: Situated in the heart of Los Angeles, the property benefits from proximity to shopping, dining, schools, and major freeways, enhancing its appeal and long-term value.
Versatile Living Arrangements: The duplex setup with privacy between units is well-suited for multi-generational families or investors seeking flexible rental strategies.
Strong Rental Potential: With one unit already rented and the larger unit vacant, there's significant potential to maximize rental income, especially with the larger unit's 4 beds/2 baths configuration.
Cons
Age of Property: Built in 1937, the property is over 85 years old, which may imply a need for significant updates to plumbing, electrical, roofing, and other major systems, potentially incurring substantial renovation costs.
Potential for Deferred Maintenance: The description does not specify recent renovations or upgrades, suggesting the property might have deferred maintenance typical of older income properties, requiring further investment.
Price Reduction History: The property has undergone multiple price reductions (from $865,000 to $799,900), which could indicate initial overpricing or a slower market response, potentially signaling a need for further negotiation or underlying issues.