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622 W Oliver Street

San Pedro, CA 90731
  • $750,000
  • STATUS: Active Under Contract
  • ON SITE: 138 Days
  • ID#: PW23219589
Under Contract
$750,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

Listing Agent(s): Kara Welliver of Harcourts Prime Properties (949-248-1888)


Description

REDUCED PRICE~~~ Opportunity for owner occupant or investor. Duplex (2 units) or convert back to a single family residence. Financing with only 5% down payment possible based on new Fannie Mae guidelines for 2-4 unit properties. The property will also qualify for FHA 3.5% down payment loans.~~~~ The duplex was converted from a single family residence with permits in 2018 and could be converted back to a SFR. Updated in 2018 including a new roof, plumbing and electrical. It boasts two separate units (upper 878 s/f and lower 703 s/f) each equipped with two bedrooms and one bathroom. With a large lot boasting spacious front and back yards, there's also potential to expand and add more units or garages onto the property. This duplex offers a great location close to the 110 Freeway and Vincent Thomas Bridge"making it an ideal place for commute into Los Angeles. ~~~ Incredible opportunity to purchase in the booming San Pedro market place where there are multiple commercial developments in Downtown and on the LA Waterfront. From West Harbor, a world-class waterfront dining, retail and entertainment destination, to Alta Sea, an urban, ocean-based campus accelerating marine and scientific research, San Pedro is becoming a cultural, historic, and tourist harbor-side destination for new generations to rediscover. Focusing on emerging blue technology and innovation, North America's busiest port town is quickly becoming a science and tech-focused, visitor serving destination unmatched in Southern California.~~~ Owner will consider closing cost credit. Previously appraised at $828,000.~~~ Lower unit now vacant. Upper unit rent increase as of April 1, 2024.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-18T19:25:09.463. 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 Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
www.bestorangecountyhomesearch.com/homes/145680305
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622 W Oliver Street San Pedro, CA 90731

  • Price: $750,000
  • Status: Active Under Contract
  • On Site: 138 Days
  • ID#: PW23219589
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1926
Built
Neighborhood:
189 - Barton Hill
County:
Los Angeles
Area:
189 - Barton Hill
Property Description
REDUCED PRICE~~~ Opportunity for owner occupant or investor. Duplex (2 units) or convert back to a single family residence. Financing with only 5% down payment possible based on new Fannie Mae guidelines for 2-4 unit properties. The property will also qualify for FHA 3.5% down payment loans.~~~~ The duplex was converted from a single family residence with permits in 2018 and could be converted back to a SFR. Updated in 2018 including a new roof, plumbing and electrical. It boasts two separate units (upper 878 s/f and lower 703 s/f) each equipped with two bedrooms and one bathroom. With a large lot boasting spacious front and back yards, there's also potential to expand and add more units or garages onto the property. This duplex offers a great location close to the 110 Freeway and Vincent Thomas Bridge"making it an ideal place for commute into Los Angeles. ~~~ Incredible opportunity to purchase in the booming San Pedro market place where there are multiple commercial developments in Downtown and on the LA Waterfront. From West Harbor, a world-class waterfront dining, retail and entertainment destination, to Alta Sea, an urban, ocean-based campus accelerating marine and scientific research, San Pedro is becoming a cultural, historic, and tourist harbor-side destination for new generations to rediscover. Focusing on emerging blue technology and innovation, North America's busiest port town is quickly becoming a science and tech-focused, visitor serving destination unmatched in Southern California.~~~ Owner will consider closing cost credit. Previously appraised at $828,000.~~~ Lower unit now vacant. Upper unit rent increase as of April 1, 2024.
Exterior Features

Architectural Style Traditional Carport Spaces 1 Carport YN Yes Entry Level 1 Entry Location 1 Exterior Features Rain Gutters Fencing BlockChain LinkWood Foundation Details Raised Lot Features Back YardFront Yard Number Of Separate Electric Meters 2 Open Parking Spaces 4 Parking Features Detached CarportDrivewayGatedOn SitePavedRV PotentialOne Space Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes Roof Composition Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Sump Pump Common Walls 1 Common Wall Cooling None Cooling YN No Flooring LaminateTile Heating Wall Furnace Heating YN Yes Window Features Double Pane WindowsScreens

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features CurbsSidewalks Disclosures Rent Control Exclusions Tenant personal property including some appliances. Fuel Expense 0 Garage YN No Gross Income 43536 Gross Scheduled Income 43536 Insurance Expense 0 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 43536 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 0 Property Sub Type Duplex Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning LAR2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-18T19:25:09.463. 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 Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
 
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Doherty Real Estate Group | eXp Realty of California, Inc.
26381 Crown Valley Pkwy
Mission Viejo CA, 92691
Listing Agent(s): Kara Welliver of Harcourts Prime Properties (949-248-1888)