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$ 675,000
Est. payment /mo
Active
578 W Oliver San Pedro, CA 90731
4 Beds
2 Baths
5,182 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26011242
Bedrooms 4
Lot Size 5,182 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Exceptional opportunity to own the lowest-priced income property currently available in San Pedro. This unique property functions as two essentially stand-alone houses on one lot, each with its own private entrance. One unit is accessed from the street, while the second is accessed from the alley, offering excellent separation and privacy. The property generates approximately $41,700 in annual gross rental income. Annual operating expenses, including new property taxes, are approximately $13,100, allowing buyers to determine their own net return based on individual operating assumptions. Owner-Occupant Opportunity: Ideal for a buyer looking to live in one unit while renting out the second. The separate entrances provide privacy, and the rental income can help offset the monthly mortgage, making this an attractive option for an owner-user seeking flexibility and affordability. Investor Opportunity: A strong entry-level investment in San Pedro with two separate dwelling units on one lot. With below-market pricing and future upside potential, this property offers a compelling opportunity for investors looking to improve operations, address deferred maintenance, and increase long-term returns. Located near the Port of Los Angeles, with a major new port-related development scheduled to open this year. This project is expected to bring additional jobs, increased economic activity, entertainment attractions for visitors, and continued investment to the area, further driving demand for housing and adding long-term upside to San Pedros already strong rental and ownership market. Opp
Location
State CA
County Los Angeles
Zoning Assessor
Direction Below Gaffey Above Pacific
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7448027021
Acceptable Financing Conventional
Listing Terms Conventional
Virtual Tour https://bow-los-angeles.aryeo.com/sites/578-w-oliver-st-los-angeles-ca-90731-21528703/branded
Listed by Carol Anne Mills Keller Williams Realty