469 W Oliver Street, San Pedro, California 90731
  • $2,300,000

Overview

Property ID: SB24177028
  • Apartment, Residential Income
  • Property Type
  • 6.0
  • Garages
  • 7572 Sqft
  • Area Size
  • 1980
  • Year Built

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.

  • Address: 469 W Oliver Street
  • City: San Pedro
  • State/county: CA
  • Zip/Postal Code: 90731
  • Country: US

Details

Updated on December 6, 2024 at 11:02 pm
  • Property ID SB24177028
  • Price $2,300,000
  • Property Size 7572 Sqft
  • Land Area 0.2153 Acres
  • Garages 6.0
  • Year Built 1980
  • Property Type Apartment, Residential Income
  • Property Status Closed

Additional details

  • Listing Terms Cash, Cash to New Loan, 1031 Exchange
  • Sewer Public Sewer
  • County Los Angeles
  • Property Type Residential Income
  • Pool None
  • Community Features Curbs

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