233 W Oliver Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$1,069,000
233 W Oliver Street, San Pedro, California 90731
0Bed
0Bath
3,314Sqft
5,001Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Top Cons:
Age of Building: Constructed in 1963, the property may have aging infrastructure (e.g., plumbing, electrical, HVAC) not covered by recent cosmetic updates, potentially leading to future capital expenditures.
Compared to the nearby listings
Price:$1.07M vs avg $1.08M ($-15,000)50%
Size:3,314 sqft vs avg 2,387.5 sqft64%
Price/sqft:$323 vs avg $41917%
More Insights
Built in 1963 (62 years old).
Condition: The property was built in 1963, making it over 60 years old. While the exterior benefits from recent updates like fresh paint and brand-new windows, and appears meticulously maintained, there are no interior images provided. This absence strongly suggests that the kitchens, bathrooms, and other interior finishes are likely outdated and would require significant renovation to meet current market standards or maximize rental income. Major systems (plumbing, electrical, HVAC) are also likely original or were last updated decades ago, showing signs of age, even if currently functional.
Year Built
1963
Close
-
List price
$1.07M
Original List price
$1.08M
Price/Sqft
$323
HOA
-
Days on market
-
Sold On
-
MLS number
OC25024664
Home ConditionFair
Features
Good View:
View-
About this home
Prime multi-family property in San Pedro! This meticulously maintained four-unit building offers a rare investment opportunity with significant rental income. Each unit features 2 bedrooms and 1 bath, occupied by long-term tenants ensuring a steady income stream. Recently updated with fresh paint and brand-new windows, the property also boasts well-kept landscaping, enhancing its curb appeal. Located in a desirable neighborhood near Ports O' Call with easy access to the 110 freeway, it offers convenience and attractive amenities, including proximity to schools, parks, and waterfront dining and shopping. Don't miss this chance to own a valuable asset in a prime location!
Nearby schools
2/10
Barton Hill Elementary School
Public,•K-6•0.3mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.9mi
5/10
Bandini Street Elementary School
Public,•K-6•0.9mi
5/10
Fifteenth Street Elementary School
Public,•K-5•1.1mi
9/10
Park Western Place Elementary School
Public,•K-5•1.4mi
9/10
Taper Avenue Elementary School
Public,•K-5•1.4mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.7mi
4/10
Seventh Street Elementary School
Public,•K-5•1.8mi
5/10
Leland Street Elementary School
Public,•K-6•1.8mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•2.0mi
7/10
White Point Elementary School
Public,•K-6•2.6mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•2.8mi
8/10
Mira Catalina Elementary School
Public,•K-5•3.0mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.4mi
6/10
Harbor City Elementary School
Public,•K-5•3.5mi
4/10
Richard Henry Dana Middle School
Public,•6-8•1.3mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.3mi
8/10
Miraleste Intermediate School
Public,•6-8•2.6mi
6/10
Alexander Fleming Middle School
Public,•6-8•3.6mi
4/10
Hudson K-8
Public,•K-8•5.1mi
6/10
San Pedro Senior High School
Public,•9-12•1.5mi
5/10
Phineas Banning Senior High School
Public,•9-12•3.5mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•4.2mi
3/10
Cabrillo High School
Public,•9-12•5.0mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•5.8mi
8/10
Palos Verdes High School
Public,•9-12•8.2mi
Price History
Date
Event
Price
06/27/24
Sold
$875,000
11/12/02
Sold
$325,500
Condition Rating
Fair
The property was built in 1963, making it over 60 years old. While the exterior benefits from recent updates like fresh paint and brand-new windows, and appears meticulously maintained, there are no interior images provided. This absence strongly suggests that the kitchens, bathrooms, and other interior finishes are likely outdated and would require significant renovation to meet current market standards or maximize rental income. Major systems (plumbing, electrical, HVAC) are also likely original or were last updated decades ago, showing signs of age, even if currently functional.
Pros & Cons
Pros
Great Schools: Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Strong Investment Potential: This quadruplex offers a prime multi-family investment opportunity with significant rental income and a steady stream from long-term tenants.
Recent Capital Improvements: The property benefits from recent updates including fresh paint and brand-new windows, reducing immediate maintenance needs for a new owner.
Meticulously Maintained: Described as 'meticulously maintained' with 'well-kept landscaping,' indicating good overall property condition and enhanced curb appeal.
Prime Location: Situated in a desirable San Pedro neighborhood with convenient access to Ports O' Call, the 110 freeway, schools, parks, and waterfront amenities.
Established Tenant Base: Occupied by long-term tenants, providing immediate and stable cash flow for an investor without the need for immediate tenant acquisition.
Cons
Age of Building: Constructed in 1963, the property may have aging infrastructure (e.g., plumbing, electrical, HVAC) not covered by recent cosmetic updates, potentially leading to future capital expenditures.
Unspecified Interior Condition: While exterior updates are noted, the description lacks details on the interior condition or amenities of the individual units, which could be dated or require renovation to maximize rental income.
Potential for Below Market Rents: The presence of 'long-term tenants' could imply rents are below current market rates, limiting immediate rental upside for a new owner, especially if subject to rent control regulations.