BEAUTIFUL VISTA DEL ORO LOCATION, waaaay up the hill, near Palos Verdes.Unparalleled view potential for a Builder.Unique, large, highly elevated, 19K square foot street-to-alley lot, affording a builder 12 condo or townhome potential with unobstructed views of the harbor, LA Basin and beyond. Maybe even more than 12. Zoning is… Read More LARD1.5. Buyer to verify. Currently, it's 12 charming, Spanish, bungalow-style units with tons of old-school charm - coved ceilings, arched doorways, original, resurfaced hardwood floors, walk-in closets, tile kitchens and baths.and a utility room with washer/dryer hookups in every unit. Mature, king palm trees line the walkways, around a water feature. The roofs were recently replaced, garage doors, also.The $150MM, 42 acre, West Harbor aka Waterfront Redevelopment and 35 acre AltaSea Science Center make San Pedro one of LA's most dynamic investment markets. And of course, it's home to one of LA County's largest employers, The Port of LA. An already-stable renting base that is only getting stronger.ASSUMABLE LOAN:80+% LTV assumable note of $2,770,000 at 4.65% Interest-Only. Principal paydown amounts of $100K each May and December. Due Feb 2033.*SELLER WILL LIKELY ALLOW CASH-FOR-KEYS DIALOGUE WITH THE TENANTS DURING ESCROW.EXCLUSIVELY LISTED AT $3,399,000. Read Less
Property listed by CBRE, Inc., Brice Head 310-363-4900
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Beds
12
Square Ft.
7,908
Lot Size
0.44 Acres
Year Built
1928
MLS Number
25560163
30 Days Snapshot Of 90731
$852k
-17%
(avg) sold price
18
+12%
homes sold
73
-31%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1928, Building area total: 7,908, Levels: One, Living area: 7908, 1 story, 2 buildings
Cooling
None
Heating
WallFurnace
Income
Gross income: $217,752, Net operating income: $128,194
Interior Features
CeilingFans
Lot
0.4358 acres, 18,985 square feet, Size: 18,985
Parking
AttachedCarport
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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