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8763 S San Pedro Street, Los Angeles, California 90003, Los Angeles, 90003 - 2 bed, 3 bath

8763 S San Pedro Street, Los Angeles, California 90003 home-pic-0
ACTIVE UNDER CONTRACT$525,000
8763 S San Pedro Street, Los Angeles, California 90003
2Beds
3Baths
1,660Sqft
2,517Lot
Year Built
1932
Close
-
List price
$525K
Original List price
$575K
Price/Sqft
$316
HOA
-
Days on market
-
Sold On
-
MLS number
CV25220406
Home ConditionGood
Features
Good View: City Lights
Patio
ViewCity Lights

About this home

We found 3 Cons,5 Pros. Rank: price - $525.0K(50th), sqft - 1660(50th), beds - 2(50th), baths - 3(50th).

Opportunity knocks in Los Angeles. This mixed-use property offers the perfect combination of business and residential living. At the front, a spacious commercial unit with two bathrooms is ready for your next venture. In the back, a comfortable two-bedroom, one-bath home with its own laundry room provides a private living space. Each unit has its own entrance for full independence. The property includes mini split A/C in both units, a wall furnace in the back unit, and a rear patio with alley access. Centrally located between the 110, 10, and 105 freeways, this property offers unbeatable convenience and accessibility. A smart choice for investors or for anyone looking to live and work on the same property.

Price History

Date
Event
Price
10/31/25
Price Change
$525,000-8.7%
09/19/25
Listing
$575,000
07/01/19
Sold
$125,000
Condition Rating
Good
Despite being built in 1932, this mixed-use property has undergone significant recent renovations, making it move-in ready. The commercial unit features modern recessed lighting, new laminate/LVP flooring, fresh paint, and a mini-split AC system. The residential unit also benefits from new flooring, fresh paint, a mini-split AC, and a modern Rinnai tankless water heater. The residential bathroom, while not ultra-modern in its beige tile style, is clean and functional. Major systems appear updated and well-maintained, aligning with a property extensively renovated within the last 5-15 years, offering good overall condition.
Pros & Cons

Pros

Mixed-Use Versatility: This property offers a unique combination of a spacious commercial unit and a separate 2-bedroom residential unit, providing excellent flexibility for live/work arrangements or dual income streams.
Strategic Location & Accessibility: Centrally located in Los Angeles with unbeatable access to major freeways (110, 10, and 105), ensuring high visibility for the commercial space and convenient commuting for residents.
Independent Units with Modern Amenities: Both the commercial and residential units feature independent entrances and are equipped with mini-split A/C systems, offering comfort and privacy for occupants.
Investment Potential: The mixed-use nature and separate units make this an attractive option for investors seeking rental income from both commercial and residential tenants.
Outdoor Space & Alley Access: The property includes a rear patio with convenient alley access, providing valuable outdoor space and practical utility for both units.

Cons

Small Lot Size: With a lot size of 2517 sqft, the property offers limited space for expansion, additional parking, or extensive landscaping, which might be a consideration for some buyers.
Age of Property: Built in 1932, the property is older, which may necessitate ongoing maintenance, potential for outdated systems, or future capital expenditures for renovations beyond current condition.
Recent Price Reduction: The listing price has recently been reduced from $575,000 to $525,000, which could indicate initial overpricing or market resistance, potentially signaling a need for further market analysis.

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