$3,399,000
801 Oro Terrace
San Pedro, CA, 90731
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.
Property Details
Price:
$3,399,000
MLS #:
24471587
Status:
Active
Baths:
0
Address:
801 Oro Terrace
Type:
Residential Income
Neighborhood:
187holytrinity
City:
San Pedro
Listed Date:
Dec 6, 2024
State:
CA
ZIP:
90731
Lot Size:
18,985 sqft / 0.44 acres (approx)
Year Built:
1928
Schools
Interior
Appliances
Refrigerator
Cooling
None
Heating
Wall Furnace
Interior Features
Ceiling Fan(s)
Exterior
Parking Features
Attached Carport
Parking Spots
0.00
Financial
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Courtesy of CBRE, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
801 Oro Terrace
San Pedro, CA
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