San Pedro, CA 90731,622 W Oliver ST

$750,000

$750,000

Est.Price: ?

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Est. payment /mo

4 Beds

2 Baths

1,581 SqFt


SOLD DATE : 04/29/2024

Key Details

Sold Price $750,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,581 sqft

Price per Sqft $474

MLS Listing ID PW23219934

Sold Date 04/29/24

Bedrooms 4

Full Baths 2

HOA Y/N No

Year Built 1926

Lot Size 6,155 Sqft

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.~~~Increased rent as of April 1, 2024.

Location

State CA

County Los Angeles

Area 189 - Barton Hill

Zoning LAR2

Rooms

Main Level Bedrooms 2

Interior

Heating Wall Furnace

Cooling None

Flooring Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Refrigerator, Sump Pump

Laundry None

Exterior

Exterior Feature Rain Gutters

Garage Detached Carport, Driveway, Gated, On Site, Paved, RV Potential, One Space

Carport Spaces 1

Fence Block, Chain Link, Wood

Pool None

Community Features Curbs, Sidewalks

Utilities Available Sewer Connected

View Y/N No

View None

Roof Type Composition

Parking Type Detached Carport, Driveway, Gated, On Site, Paved, RV Potential, One Space

Total Parking Spaces 5

Private Pool No

Building

Lot Description Back Yard, Front Yard

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Craftsman, Traditional

Level or Stories Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 7448010036

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing FHA

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kara Welliver • Harcourts Prime Properties • 949-391-5585
Bought with Josue Lopez • GROW Detovi, Inc
agent-avatar

+1(661) 210-9456

info@makerealestatefun.com

Valencia, CA, United States

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