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428 W Oliver Street

San Pedro, CA 90731
  • $1,869,000
  • STATUS: Active Under Contract
  • ON SITE: 162 Days
  • MLS #: SB21173619
Under Contract
UPDATED: 53 min ago
$1,869,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1932
County:
Area:

School Ratings & Info

Listing Agent(s): Olga Wright of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Cameron Samimi of ()


Description

Excellent Value-add opportunity consisting of two side-by-side court-yard style apartments on two lots with separate APN numbers and addresses. 4plex located at 510 Harker St and 6 units at 428 W Oliver St. Large 10,801 Sq.Ft. corner lot with ample room to build ADUs. Value-Add opportunity with over 40% upside in monthly income once units are rented for market. One Single unit is currently vacant. Upgraded copper plumbing throughout the property, newer roof, well maintained property with 7 On-Site Parking spaces available plus ample off-street parking. Check Supplements for OM with detailed Rent Roll.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-16T15:26:23.897. 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 ERA CARLILE Realty Group. Licensed in the State of California, USA.
www.carlilerealty.com/homes/120186311
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428 W Oliver Street San Pedro, CA 90731

  • Price: $1,869,000
  • Status: Active Under Contract
  • On Site: 162 Days
  • Updated: 53 min ago
  • MLS #: SB21173619
0
Beds
0
Baths
0
½ Baths
0.25
Acres
1932
Built
Neighborhood:
185 - Plaza
County:
Los Angeles
Area:
185 - Plaza
Property Description
Excellent Value-add opportunity consisting of two side-by-side court-yard style apartments on two lots with separate APN numbers and addresses. 4plex located at 510 Harker St and 6 units at 428 W Oliver St. Large 10,801 Sq.Ft. corner lot with ample room to build ADUs. Value-Add opportunity with over 40% upside in monthly income once units are rented for market. One Single unit is currently vacant. Upgraded copper plumbing throughout the property, newer roof, well maintained property with 7 On-Site Parking spaces available plus ample off-street parking. Check Supplements for OM with detailed Rent Roll.
Exterior Features

Carport Spaces 0 Lot Features LevelRectangular LotWalkstreet Number Of Separate Electric Meters 10 Open Parking Spaces 7 Parking Features Paved Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN Yes Association Fee 0 Association YN No Cap Rate 3.91 Common Interest None Community Features BikingStreet LightsSidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 123540 Gross Scheduled Income 123540 Insurance Expense 0 Land Lease YN No Laundry Features Washer Hookup Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 73097 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 2 Operating Expense 46737 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Lar2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-16T15:26:23.897. 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 ERA CARLILE Realty Group. Licensed in the State of California, USA.
 
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ERA CARLILE Realty Group
1860 Howe Avenue, Suite 100
Sacramento CA, 95825
Listing Agent(s): Olga Wright of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Cameron Samimi of ()