622 Oliver Street, San Pedro

$750,000

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4 Beds
2 Baths
1,581 Sqft
.14 Acre
0 Garage

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.

Essential Information

MLS® #
PW23219934
Price
$750,000
Bedrooms
4
Bathrooms
2.00
Full Baths
2
Square Footage
1,581
Acres
0.14
Year Built
1926
Type
Residential
Sub-Type
Duplex
Status
Active Under Contract

Style

Bungalow, Craftsman, Traditional

Community Information

Address
622 Oliver Street
Area
189 - Barton Hill
City
San Pedro
County
Los Angeles
Zip Code
90731
Community Features
Curbs, Sidewalks
Senior Community
N

Amenities

Utilities
Sewer Connected
Parking Spaces
5
View
None
Pool
None

Parking

Driveway, Gated, RV Potential, Detached Carport, One Space, On Site, Paved

Garages

Driveway, Gated, RV Potential, Detached Carport, One Space, On Site, Paved

Interior

Interior
Tile, Laminate
Heating
Wall Furnace
Cooling
None
Fireplaces
None
# of Stories
2
Stories
Two

Appliances

Gas Oven, Refrigerator, Sump Pump

Exterior

Exterior Features
Rain Gutters
Lot Description
Back Yard, Front Yard
Windows
Double Pane Windows, Screens
Roof
Composition
Foundation
Raised

School Information

District
Los Angeles Unified

Additional Information

Date Listed
December 1st, 2023
Days on Market
148
Zoning
LAR2

Listing Details

Agent
Kara Welliver
Office
Harcourts Prime Properties
Property History
Status Changed from Active to Active Under Contract
Price Reduced from $799,990 to $750,000
Price Reduced from $839,000 to $799,990

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Based on information from California Regional Multiple Listing Service, Inc. as of April 29th, 2024 at 7:20am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.