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    428 W Oliver Street

    San Pedro, CA 90731
    • $1,869,000
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: SB21173619
    Price Reduced
    UPDATED: 5 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

    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 2021-09-23T19:33:30.847. 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 Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
    www.marknazzalrealty.com/homes/120186311
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    428 W Oliver Street San Pedro, CA 90731

    • Price: $1,869,000
    • Status: Active
    • Updated: 5 min ago
    • ID#: 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

    Listing provided courtesy of Olga Wright of Lyon Stahl Investment Real Estate, Inc. and Cameron Samimi of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T19:33:30.847. 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 Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
     
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    Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
    1473 Ford St., Suite 200
    Redlands CA, 92373