622 W OLIVER STREET, SAN PEDRO CA 90731

  • 1,581 sq.ft.
  • 6,153 sq.ft. lot
offered at $750,000
MLS#:PW23219589
Status: Pending // Property Type:
County: Los Angeles // Year Built: 1926

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. Upper unit rent increase as of April 1, 2024.

Listing Courtesy of Kara Welliver, Harcourts Prime Properties

Interior Features

Heating: Wall Furnace

Exterior Features

Exterior Features: Curbs, Sidewalks // Roof: Composition
FOR MORE INFORMATION, PLEASE CONTACT AGENT:
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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