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    240 W Oliver Street

    San Pedro, CA 90731
    • $850,000
    • STATUS: CONTINGENT
    • ON SITE: 37 days
    • ID#: 302578015
    Under Contract
    UPDATED: 66 min ago
    $850,000
    • 4
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1923
    County:

    School Ratings & Info

    Description

    Excellent Value Add Opportunity with with over 40% upside in rental income - Market GRM is 8.1 and Cap Rate is 9.1% - Located blocks away from LA Waterfront - Walking distance to Barton Hill Elementary School - Desirable Unit Mix of all 1 Bedroom units - All units are due for annual 4% rent increase - Each unit comes equipped with laundry hook-ups for tenants' convenience - Tenants pay are responsible for all except DWP utilities; Low operating costs for Landlord Excellent Value Add Opportunity with with over 40% upside in rental income - Market GRM is 8.1 and Cap Rate is 9.1% - Located blocks away from LA Waterfront - Walking distance to Barton Hill Elementary School - Desirable Unit Mix of all 1 Bedroom units - All units are due for annual 4% rent increase - Each unit comes equipped with laundry hook-ups for tenants' convenience - Tenants pay are responsible for all except DWP utilities; Low operating costs for Landlord

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.dreamlivingsd.com/homes/107443455
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    240 W Oliver Street San Pedro, CA 90731

    • Price: $850,000
    • Status: CONTINGENT
    • Updated: 66 min ago
    • ID#: 302578015
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1923
    Built
    Neighborhood:
    San Pedro (90731)
    County:
    Los Angeles
    Area:
    San Pedro (90731)
    Property Description
    Excellent Value Add Opportunity with with over 40% upside in rental income - Market GRM is 8.1 and Cap Rate is 9.1% - Located blocks away from LA Waterfront - Walking distance to Barton Hill Elementary School - Desirable Unit Mix of all 1 Bedroom units - All units are due for annual 4% rent increase - Each unit comes equipped with laundry hook-ups for tenants' convenience - Tenants pay are responsible for all except DWP utilities; Low operating costs for Landlord Excellent Value Add Opportunity with with over 40% upside in rental income - Market GRM is 8.1 and Cap Rate is 9.1% - Located blocks away from LA Waterfront - Walking distance to Barton Hill Elementary School - Desirable Unit Mix of all 1 Bedroom units - All units are due for annual 4% rent increase - Each unit comes equipped with laundry hook-ups for tenants' convenience - Tenants pay are responsible for all except DWP utilities; Low operating costs for Landlord
    Exterior Features

    Pool N/K Site Sidewalks

    Interior Features

    Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Actual Cap Rate 4.14 Annual Expense Actual 18960 Buildings 3 Gross Rent Multiplier Actual 15.2 Gross Scheduled Income Actual 55836 Tenant Pays ElectricityGas/Propane Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 936.0 Unit2 Rent Actual 936.0 Unit3 Rent Actual 927.0 Unit4 Rent Actual 927.0 Water Meter On Property Zoning Lar2

    Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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