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578 W Oliver St
San Pedro, CA 90731
Multifamily Property For Sale
·
2 Units
Investment Highlights
- 2 standalone houses
- Front home is accessed in the front. Back home is accessed from the alley.
Executive Summary
Exceptional opportunity to own the lowest priced income property currently available in San Pedro. This unique property functions as two essentially stand-alone houses on one lot, each with its own private entrance. One unit is accessed from the street, while the second is accessed from the alley, offering excellent separation and privacy. The property generates approximately $40,380 in annual gross income. The advertised cap rate is based on gross income only and does not take operating expenses into consideration. Annual operating expenses, including new property taxes, are approximately $13,100, allowing buyers to determine their own net return based on individual operating assumptions. Owner-Occupant Opportunity: Ideal for a buyer looking to live in a one unit while renting out the second. The separate entrances provide privacy, and the rental income can help offset the monthly mortgage, making this an attractive option for an owner-user seeking flexibility and affordability. Investor opportunity: A strong entry level investment in San Pedro with two separate dwelling units on one lot. With below-market pricing and future upside potential, this property offers a compelling opportunity for investors.
Property Facts
| Price Per Unit | $439,780 CAD | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.44% | Lot Size | 0.12 AC |
| Sale Condition | Deferred Maintenance | Building Size | 1,624 SF |
| Gross Rent Multiplier | 15.47 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R2-1XL-CPIO - One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations | ||
| Price Per Unit | $439,780 CAD |
| Sale Type | Investment |
| Cap Rate | 4.44% |
| Sale Condition | Deferred Maintenance |
| Gross Rent Multiplier | 15.47 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 1,624 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1924 |
| Opportunity Zone |
Yes |
| Zoning | R2-1XL-CPIO - One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations |
Property Taxes
| Parcel Number | 7448-027-021 | Improvements Assessment | $93,284 CAD |
| Land Assessment | $369,640 CAD | Total Assessment | $462,924 CAD |
Property Taxes
Parcel Number
7448-027-021
Land Assessment
$369,640 CAD
Improvements Assessment
$93,284 CAD
Total Assessment
$462,924 CAD
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