For more information regarding the value of a property, please contact us for a free consultation.
622 W Oliver ST San Pedro, CA 90731
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
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
Ensuite Laundry None
Interior
Laundry Location None
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
Read Less
Bought with Josue Lopez • GROW Detovi, Inc