801 Oro Ter, San Pedro, CA 90731 – 24-471587 - Norma Mardelli

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$3,399,000

Est. payment - /mo

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12 BD

12 BA

7,908 SqFt

Active

801 Oro Ter San Pedro, CA 90731

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/14/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,908 sqft

Price per Sqft $429

MLS Listing ID 24-471587

Bedrooms 12

Year Built 1928

Lot Size 0.436 Acres

Acres 0.4358

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.

Location

State CA

County Los Angeles

Area Holy Trinity

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Ceiling Fan, Gas Or Electric Dryer Hookup, Refrigerator, Range/Oven

Exterior

Parking Features Carport Attached

Building

Level or Stories One

Others

Special Listing Condition Standard

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