Price just reduced! REO. This property has gone back to the lender and must be sold. Great opportunity to redevelop to a large or small multi-family residential project. Previous owner prior to foreclosure said approved for 25 units in his listing, Buyer to independently verify. Seller may be willing to carry with sizeable down payment. Gutted 2,000 sqft building on large 7,020 sqft (45 X 156) street-to-alley corner lot at the SEC corner of Main and E 109th Place. Fantastic redevelopment opportunity located directly in the path of growth and redevelopment. Per LADBS records there's 20 units going up 3 doors north at 10914 S Main Street and 19 units finishing up three blocks south at SWC of 112th & Main on a smaller corner lot. Or just build a small handful of units+ADUs like at the corner of E. 110th, probably a lot cheaper and faster to push through the city. Zoned C2, which should allow for R4 uses but Buyer/Buyer's agent to independently verify with all necessary City of LA agencies. See Supplements for ZIMAS reports with aerial, and Generalized Summary of Zoning Regulations, Use and Development Standards for more info. Appears to be in the Southeast LA CPIO District / Subarea C corridor, which may provide Density Bonuses for a higher number of housing units to be built. Best location on Main Street and 2 blocks from 108th St. police station (Southeast Community Station), 1 block from Fire Dept. May have previously been used for retail, a welding shop, and a church. Utilities do not appear operable and Seller will not establish any utility services during its ownership as it is their intent to sell this as a land value deal. Tons of parking with access from both E. 109th Place and the alley. Looks like you could fit 15-20 cars in back. Only access into the building itself is at the rear as its entrance on Main Street was sealed off, making it super secure if someone wants to start a business there in the existing structure. Last sold less than 2 yrs ago for $850k. Seller will also consider leasing, call listing agent for details.
Property Details
Property Features
Listing Office:
Office Name: PV Realty
Office Phone: (310) 295-2166
Listing Agent: Pierre Valliere
Exterior Features
Exterior Information:
View: Neighborhood
Lot Features
Lot Information:
Lot: Corner Lot, Level, Near Public Transit, Rectangular Lot
Lot Size: 0.16 Acres
Other
Directions Information:
Directions: SEC of Main Street and E. 109th Place
Price Information
Listing Price Info
Price Summary:
List Price: $549,000
Tax Information:
Annual Amount: $7,528
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $472.5K less than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SB24244777
Listing Office:
Office Name: PV Realty
Office Phone: (310) 295-2166
Listing Agent: Pierre Valliere
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 2:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Apr 10, 2019
Apr 10, 2019Home Sold
$2,213,182
Mar 28, 2017
Mar 28, 2017Home Sold
$320,000
Nov 26, 2014
Nov 26, 2014Home Sold
$265,000
May 05, 2014
May 05, 2014Home Sold
$40,000
Jan 31, 2008
Jan 31, 2008Home Sold
$88,000
Mar 11, 1997
Mar 11, 1997Home Sold
$50,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$7,528
$557,536
2020
$4,871
$551,820
2019
$4,687
$332,928
2018
$4,045
$326,400
2017
$4,045
$274,420
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
107th Street Elementary & STEAM Magnet
147 E 107th St
Distance between this listing and this school0.25 miles
Public District Grades PK-5
3
/10
Figueroa Street Elementary School
510 W 111th St
Distance between this listing and this school0.60 miles
Public District Grades KG-5
4
/10
118th Street Elementary
144 E 118th St
Distance between this listing and this school0.70 miles
Public District Grades KG-5
Nearby Schools
3
/10
Samuel Gompers Middle School
234 E 112th St
Distance between this listing and this school0.31 miles
Public District Grades 6-8
4
/10
Alliance Jack H. Skirball Middle School
603 E 115th St
Distance between this listing and this school0.65 miles
Public Charter Grades 6-8
4
/10
Animo James B. Taylor Charter Middle School
810 E 111th Pl
Distance between this listing and this school0.77 miles
Public Charter Grades 6-8
Nearby Schools
2
/10
Alain Leroy Locke College Preparatory Academy
325 E 111th St
Distance between this listing and this school0.28 miles
Public Charter Grades 9-12
5
/10
University Pathways Medical Magnet Academy
11227 S San Pedro St
Distance between this listing and this school0.35 miles
Public Magnet Grades 9-12
8
/10
Alliance Judy Ivie Burton Technology Academy High School
10101 S Broadway
Distance between this listing and this school0.61 miles
The neighbors living near this home have an average income of $52,282. Most Los Angeles, CA residents have annual incomes between $35k-100k. The most common type of family is single, with kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 10950 S Main St
What is the listing price of this property?
The listing price of 10950 S Main St property is $549,000.
What type of property is this?
The property 10950 S Main St is land located in Los Angeles, California, 90061.
Is this property for sale now?
Active Listing: 10950 S Main St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $7,528 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 10, 2019 for $2,213,182. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 10950 S Main St in Los Angeles, CA and zip code 90061 in the South LA neighborhood. This home sits on a 0.16 acre lot. It has been listed on Rocket Homes since December 05, 2024 and is currently priced at $549,000.
In November 2024 more than 512 listings in Los Angeles, CA were sold above the asking price. During the same period more than 177 listings were sold at asking price, while more than 657 were sold below. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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