469 W Oliver Street Pending

San Pedro,CA 90731

$ 2300000

5 Beds

3 Baths

- SqFt


Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SB24177028

Bedrooms 5

HOA Y/N No

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.
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

Area San Pedro (90731)

Zoning Public Rec

Building

Lot Description Curbs

Story 2

Lot Size Range 7500-10889 SF

Others

Monthly Total Fees $111

Acceptable Financing Cash,Exchange

Space Rent $135,710

Listing Terms Cash,Exchange

View More
Favorite Go Tour