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Listed by Carol Anne Mills • Keller Williams Realty
$675,000
Est. payment /mo
5,182 Sqft Lot
New
578 W Oliver San Pedro, CA 90731
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26011242
Year Built 1925
Lot Size 5,182 Sqft
Property Sub-Type Duplex
Source California Regional MLS
Property Description
Exceptional opportunity to own the lowest-priced income property currently available in San Pedro. This unique property functions as two essentially stand-alone houses on one lot, each with its own private entrance. One unit is accessed from the street, while the second is accessed from the alley, offering excellent separation and privacy. The property generates approximately $40,380 in annual gross rental income. The advertised cap rate is based on gross income only and does not take operating expenses into consideration. Annual operating expenses, including new property taxes, are approximately $10,500, allowing buyers to determine their own net return based on individual operating assumptions. Owner-Occupant Opportunity: Ideal for a buyer looking to live in one unit while renting out the second. The separate entrances provide privacy, and the rental income can help offset the monthly mortgage, making this an attractive option for an owner-user seeking flexibility and affordability. Investor Opportunity: A strong entry-level investment in San Pedro with two separate dwelling units on one lot. With below-market pricing and future upside potential, this property offers a compelling opportunity for investors looking to improve operations, address deferred maintenance, a
Location
State CA
County Los Angeles
Area 189 - Barton Hill
Interior
Laundry Other
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 7448027021
Special Listing Condition Not Applicable
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