CA > San Pedro
San Pedro, CA 90731,801 Oro TER
San Pedro, CA 90731,801 Oro TER
San Pedro, CA 90731,801 Oro TER
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$3,399,000
Est. payment /mo
12 Beds
12 Baths
7,908 SqFt
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UPDATED:

01/27/2025 08:15 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,908 sqft

Price per Sqft $429

MLS Listing ID 24471587

Bedrooms 12

HOA Y/N No

Year Built 1928

Lot Size 0.436 Acres

Property Description

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 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.

Location

State CA

County Los Angeles

Area 187 - Holy Trinity

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Attached Carport

Attached Garage Yes

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 7458004015

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Brice Head • CBRE, Inc.
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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