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8311 S Main St, Los Angeles, CA 90003

List Price: $1,100,000On Market FlagOn market
Nov 17, 2024940 sqft3 beds1 baths
Listed by: EDWIN BLANCO
License #: 02054714
Phone #: 323-695-1868
CENTURY 21 REALTY MASTERS
Source:
CRMLS Logo
MLS #: MB24231136

Property Description

Live and work in the same location no need to go elsewhere. Perfect for those who own a business and are paying rent for their business establishment this is the perfect opportunity. Nestled in the neighborhood of South Los Angeles, this single-family residence offers a unique investment opportunity as it sits on a 6,306 sq ft lot zoned for commercial use. This zoning opens up versatile options, allowing for potential redevelopment, business use, or expansion to match the dynamic needs of the area. This property enjoys proximity to several significant landmarks and points of interest. Just a short drive away is Downtown Los Angeles, where you'll find iconic destinations like LA Live, Crypto Arena, and the Los Angeles Convention Center. The property is also conveniently close to major highways, including I-110 and I-10, which facilitate easy commuting and access to greater Los Angeles. With its prime location, ample lot size, and flexible zoning, this property holds great potential for both residential, redevelopment, and commercial opportunities in the heart of Los Angeles.
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$14,433

TurboHome Estimated Value

$1,031,100

$1,097 sqft

High Valuation
$1,082,655
$1152/sqft
Normal Valuation
$1,031,100
$1097/sqft
Low Valuation
$979,545
$1042/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1097/sqft$1,031,100

Neighborhood: Southeast Los Angeles

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Comparative Value

$630K

$685K

$1.10M

318 E 73rd St, Los Angeles, CA 90003

Sale Price: $629,900

Selected Comparable

8260 Wall St, Los Angeles, CA 90003

Sale Price: $685,000

Selected Comparable

143 E 83rd St, Los Angeles, CA 90003

Sale Price: $700,000

Selected Comparable

207 E 82nd St, Los Angeles, CA 90003

Sale Price: $705,000

Selected Comparable

210 E 77th St, Los Angeles, CA 90003

Sale Price: $725,000

Selected Comparable

8311 S Main St, Los Angeles, CA 90003

List Price: $1,100,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
8311 S Main St, Los Angeles, CA 90003

8311 S Main St, Los Angeles, CA 90003

List: $1,100,000

Listed: 11/17/2024

Area:940 sqft
Price/sqft:$1,170
Beds:3
Baths:1
Year Built:
Lot Size:6,308

Comparable Properties

COMPARABLE
Choose comps
207 E 82nd St, Los Angeles, CA 90003

207 E 82nd St, Los Angeles, CA 90003

Sale: $705,000

6/28/20250.21 mi

Area:1,029 sqft
Price/sqft:$685
Beds:3
Baths:2
Year Built:
Weight:23.0%
318 E 73rd St, Los Angeles, CA 90003

318 E 73rd St, Los Angeles, CA 90003

Sale: $629,900

9/25/20240.75 mi

Area:950 sqft
Price/sqft:$663
Beds:3
Baths:2
Year Built:
Weight:20.7%
210 E 77th St, Los Angeles, CA 90003

210 E 77th St, Los Angeles, CA 90003

Sale: $725,000

11/15/20240.42 mi

Area:988 sqft
Price/sqft:$734
Beds:2
Baths:1
Year Built:
Weight:19.4%
8260 Wall St, Los Angeles, CA 90003

8260 Wall St, Los Angeles, CA 90003

Sale: $685,000

3/21/20250.16 mi

Area:1,200 sqft
Price/sqft:$571
Beds:3
Baths:2
Year Built:
Weight:18.7%
143 E 83rd St, Los Angeles, CA 90003

143 E 83rd St, Los Angeles, CA 90003

Sale: $700,000

12/18/20240.11 mi

Area:1,200 sqft
Price/sqft:$583
Beds:3
Baths:2
Year Built:
Weight:18.1%

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