REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Carol Anne Mills • Keller Williams Realty
$ 675,000
Est. payment /mo
New
578 West Oliver San Pedro, CA 90731
1,624 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,624 sqft
Price per Sqft $415
MLS Listing ID SB-26011242
Year Built 1925
Lot Size 5,182 Sqft
Property Sub-Type Duplex
Source California Regional Multiple Listing Service (CRMLS)
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 $40,380 in annual gross rental income. The advertised cap rate is based on gross income only and does not take operating expenses into consideration. Annual operating expenses, including new property taxes, are approximately $10,500, 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 Pedro's already strong rental and ownership market.
Opportunities like this are rare—get in early before others do.
The property generates approximately $40,380 in annual gross rental income. The advertised cap rate is based on gross income only and does not take operating expenses into consideration. Annual operating expenses, including new property taxes, are approximately $10,500, 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 Pedro's already strong rental and ownership market.
Opportunities like this are rare—get in early before others do.
Location
State CA
County Los Angeles
Area 189 - Barton Hill
Interior
Laundry Inside
Exterior
Pool None
Community Features Sidewalks
Building
Lot Description Yard
Sewer Public Sewer
Others
Virtual Tour https://bow-los-angeles.aryeo.com/sites/rnnbzza/unbranded