33.747202 -118.290689
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Listed by Harcourts Prime Properties, Kara Welliver.

MLS Source logo

622 W OliverSan Pedro, CA 90731

Active Under Contract
$750,000
4
2
1,581 Square Feet

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.


FACTS & FEATURES

  • Property Type:
    Residential
  • Architectural Style:
    Bungalow, Craftsman, Traditional
  • Bedrooms:
    4
  • Bathrooms:
    2
  • Dwelling Size:
    1,581 Square Feet
  • Lot Size:
    0.14 Acres
  • Lot Description:
  • Stories:
    2
  • Year Built:
    1926
  • Interior Features:
  • Exterior Features:
    Rain Gutters, Sump Pump
  • Parking:

    Garage or Parking Spaces: 0
    Features: Detached Carport, Driveway, Paved, Gated, On Site, Parking Space, RV Potential
  • Area:
    189 - Barton Hill
  • Views:
    None
  • Schools:
    High School(s): Los Angeles Unified
  • HOA:
  • Senior Community:
    False
  • Heating:
    Wall Furnace
  • Cooling:
    None
  • Appliances:
    Gas Oven, Refrigerator
  • Fireplace:
    Fireplace(s):
    Features: None
  • Accessibility:
  • Security Features:
    Carbon Monoxide Detector(s), Smoke Detector(s)
  • Foundation:
    Raised
  • Roof:
    Composition

LOCATION


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Listing Office: Harcourts Prime Properties. Listing Agent: Kara Welliver. Listing ID: PW23219934

Last Updated March 21, 2024 2:05 PM
Data last checked against CRMLS on April 19, 2024 3:36 PM

Based on information from California Regional Multiple Listing Service, Inc. as of April 19, 2024 3:36 PM and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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