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916 W Oliver Street

San Pedro, CA 90731
  • $1,195,000
  • STATUS: Active Under Contract
  • ON SITE: 43 Days
  • ID#: SB24014843
Under Contract
UPDATED: 52 min ago
$1,195,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1928
County:

School Ratings & Info

Listing Agent(s): Tamas Batyi of Compass (310-241-3038)


Description

Introducing a remarkable property in San Pedro, this expansive 3 unit residence is nestled on a double lot, offering ample space and potential. The main 2 story house boasts 4 bedrooms and 2 baths, featuring a rooftop deck that provides views of the city and harbor, creating a perfect setting for relaxation and entertainment. The recently remodeled 2 bedroom 1 bath unit is ready for the next tenant or owner to occupy it. Additionally, the 1 bedroom, 1 bath unit at the rear has great long term tenants. Both the 2 bedroom and 1 bedroom units, built in 1983, are exempt from LA city rent control. Each unit comes with 2 parking spaces. With the potential to subdivide the expansive lot into two, this property presents an exceptional opportunity for additional income or development. Don't miss out on this versatile and promising investment!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-18T11:32:28.997. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.
www.socalrealtyexpert.com/homes/148285343
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916 W Oliver Street San Pedro, CA 90731

  • Price: $1,195,000
  • Status: Active Under Contract
  • On Site: 43 Days
  • Updated: 52 min ago
  • ID#: SB24014843
0
Beds
0
Baths
0
½ Baths
0.2
Acres
1928
Built
Neighborhood:
187 - Holy Trinity
County:
Los Angeles
Area:
187 - Holy Trinity
Property Description
Introducing a remarkable property in San Pedro, this expansive 3 unit residence is nestled on a double lot, offering ample space and potential. The main 2 story house boasts 4 bedrooms and 2 baths, featuring a rooftop deck that provides views of the city and harbor, creating a perfect setting for relaxation and entertainment. The recently remodeled 2 bedroom 1 bath unit is ready for the next tenant or owner to occupy it. Additionally, the 1 bedroom, 1 bath unit at the rear has great long term tenants. Both the 2 bedroom and 1 bedroom units, built in 1983, are exempt from LA city rent control. Each unit comes with 2 parking spaces. With the potential to subdivide the expansive lot into two, this property presents an exceptional opportunity for additional income or development. Don't miss out on this versatile and promising investment!
Exterior Features

Construction Materials DrywallStuccoWood Siding Entry Level 1 Entry Location 1 Lot Features Back YardLawnNear Public TransitYard Number Of Separate Electric Meters 3 Open Parking Spaces 8 Parking Features Driveway LevelPaved Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Roof Shingle Spa Features None Spa YN No View NeighborhoodPeek-A-Boo View YN Yes

Interior Features

Appliances DishwasherGas RangeMicrowaveRange HoodWater Heater Basement Sump Pump Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Flooring CarpetLaminateTile Heating Wall Furnace Heating YN Yes Interior Features Stone CountersTile CountersBarGalley Kitchen

Property Features

Additional Parcels YN No Cap Rate 4.4 Common Interest None Community Features ParkStreet LightsSidewalks Contingency none Electric Expense 0 Garage YN No Gross Income 72528 Gross Scheduled Income 72528 Insurance Expense 2500 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 52528 New Construction YN No New Taxes Expense 14000 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 2 Number Of Units Leased 2 Operating Expense 20000 Property Sub Type Triplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Utilities Electricity ConnectedNatural Gas ConnectedSewer Connected Water Sewer Expense 2500 Water Source Public Zoning LAR1



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-18T11:32:28.997. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.
 
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Robin McCann | EXIT Alliance Realty
43521 Rige Park Drive, Suite 201
Temecula CA, 92590
Listing Agent(s): Tamas Batyi of Compass (310-241-3038)