801 Oro Terrace, San Pedro, CA 90731
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Listed Price :
$3,399,000
-
Beds :
12
-
Baths :
12
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Property Size :
7,908 sqft
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Year Built :
1928
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.
Interior Features
| Bedroom Information |
| Bedrooms |
12 |
| Bathroom Information |
| Bathrooms |
12 |
| Interior Information |
| Features |
Ceiling Fan(s) |
| Cooling Type |
None |
Listing Information
| Address |
801 Oro Terrace |
| City |
San Pedro |
| State |
CA |
| Zip |
90731 |
| County |
Los Angeles |
| Listing Agent |
Brice Head DRE #01330706 |
| Courtesy Of |
CBRE, Inc. |
| List Price |
$3,399,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
7,908 |
| Lot Size |
18,985 |
| Year Built |
1928 |
Listing information courtesy of: Brice Head, CBRE, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 14th, 2024 at 11:11 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
