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.
Property Details
Price:
$2,300,000
MLS #:
SB24177028
Status:
Pending
Baths:
0
Address:
469 W Oliver Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
189bartonhill
City:
San Pedro
Listed Date:
Aug 26, 2024
State:
CA
ZIP:
90731
Lot Size:
9,377 sqft / 0.22 acres (approx)
Year Built:
1980
See this Listing
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Schools
Interior
Exterior
Community Features
Curbs
Garage Spaces
6.00
Lot Features
Level with Street
Parking Spots
9.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address469 W Oliver Street San Pedro CA
- Area189 – Barton Hill
- CitySan Pedro
- CountyLos Angeles
- Zip Code90731
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Courtesy of Keller Williams South Bay. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
469 W Oliver Street
San Pedro, CA
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