$ 2,300,000
469 West Oliver Street San Pedro, CA 90731
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Listed by Josh Cohen • Keller Williams South Bay
$ 2,300,000
Est. payment | /mo
7,572 SqFt
$ 2,300,000
Est. payment | /mo
7,572 SqFt
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 7,572 sqft
Price per Sqft $303
MLS Listing ID SB-24177028
Year Built 1980
Lot Size 9,377 Sqft
Property Description
We are proud to present our latest investment opportunity, 469 West Oliver Street in San Pedro. This eight unit property features a unit mix of (5) 3 Bed / 2 Bath units and (3) 2 Bed / 1 Bath units (Buyer to verify). Built in 1980, this investment is not subject to City of LA RSO, only State rent control laws! Current income is solid while still providing a new owner projected rental upside of about 40% +/-! There is also a partially completed, permitted ADU that a new owner can finish to reap the increased rental income. Tenants enjoy onsite laundry facilities (leased) as well as nine total parking spots (covered & secured, and private garages). Properties of an 80's vintage are not often available for sale in San Pedro. With the ongoing redevelopment activity and renewed interest in the area, an astute investor will not want to pass up the opportunity to add this property to their portfolio.
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Laundry Common Area
Exterior
Garage Gated
Garage Spaces 6.0
Pool None
Community Features Curbs
Building
Lot Description Level with Street
Sewer Public Sewer
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Marissa Buss & Danny Lambert
Lic# 01770909 | 01834114