801 Oro Terrace, San Pedro, CA 90731
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- MLS#: 24471587 ( )
- Street Address: 801 Oro Terrace
- Viewed: 3
- Price: $3,399,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1928
- Bldg sqft: 0
- Days On Market: 16
- Additional Information
- County: LOS ANGELES
- City: San Pedro
- Zipcode: 90731
- Provided by: CBRE, Inc.
- Contact: Brice Brice
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DescriptionBeautiful 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.
Property Location and Similar Properties
Features
Appliances
- Refrigerator
Building Area Total
- 7908.00
Cooling
- None
Country
- US
Heating
- Wall Furnace
Interior Features
- Ceiling Fan(s)
Levels
- One
Netoperatingincome
- 128194.00
Parcel Number
- 7458004015
Parking Features
- Attached Carport
Postalcodeplus4
- 2985
Sourcesystemkey
- 24-471587:CLAW
Totalexpenses
- 83025.00
Year Built
- 1928
Zoning
- LARD1.5