536 N Palos Verdes St

San Pedro, CA 90731 View Map $825,000 Schedule a Tour
Sq.Ft. Lot8,252
Year1944

The Oriana Shea Group

(562) 270-1775

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Status: Pending
Property Type:Triplex
MLS #:SB22088873
On Site:14 Days
Lot Size:8,252 Sq. Ft.
County:Los Angeles
Perched from this hillside overlooking the booming Port of Los Angeles, one can't help but envision this property being cradled in immense opportunity. The location of this single-level TRIPLEX is snugly situated in the heartbeat of San Pedro, which has undergone rapid redevelopment in recent years with the much touted $150M West Harbor project as the center attraction.
Sitting on a 8,252 sq ft lot, this triplex includes a detached 3 car garage as well as a spacious common area that can be utilized for play, bbq or relaxation.
Enjoy a beautiful backdrop of the San Pedro Harbor, and admire the Vincent Thomas Bridge as it lights up the evening sky.
The front unit offers 1 bedroom/1 bath while the other two units are 2 bedroom/1 bath. Two of the 3 units are currently without tenants and need attention, but consider it a blank canvas to create something special. The remaining third unit is well maintained and will be delivered without tenants at close. Having all units empty will give the new owner the opportunity to upgrade each unit to maximize rent at, perhaps, above market rates due to its prime location. Another option would be to maximize zoning potential and rebuild completely, taking advantage of the gorgeous views if deciding to build up. An additional investment advantage of this property is that it is located within the Opportunity Zone offering significant tax benefits to the new owner. This is an exciting time to invest in San Pedro and be a part of its growth.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:536 N Palos Verdes St San Pedro, CA 90731
Area:193 - San Pedro - North
County:Los Angeles
Zip Code:90731

Architecture

Year Built:1944
Stories:1
Building Area: 2175.0
Number of Buildings: 2
Total Units: 3
Unit 1: 1 Unit•1 Bed•1 Bath•Unfurnished•$1,800 pro forma
Unit 2: 1 Unit•2 Beds•1 Bath•Unfurnished•$2,400 pro forma
Unit 3: 1 Unit•2 Beds•1 Bath•Unfurnished•$2,400 pro forma
Garage Spaces: 3.0
Parking Total: 3.0

Features / Amenities

Interior Features: AllBedroomsDown
Laundry: Common Area
Common Walls: No Common Walls

Rooms

Bedroom

Property Features

Lot Size: 0.19 Acres / 8,252 Sq. Ft.
Lot Features: Item01UnitAcre
View: Bridge(s)
Sewer: Public Sewer
Water: Public
Zoning:LARD2
Directions:110 S to Vincent Thomas Bridge, R on Harbor Blvd, R on N Harbor Blvd, R on Beacon, R on O Farrell, Right on N Palos Verdes St

Tax and Financial Info

Contingency: Subject to Court final Approval on June 6th (not subject to overbidding).
Terms: CashtoNewLoan
Land Lease: No

Listing Agent/Office

Listing agent / office Mike Naylor, Compass.

Schools

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536 N Palos Verdes St San Pedro, CA 90731
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536 N Palos Verdes St San Pedro, CA 90731
 
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Based on information from California Regional Multiple Listing Service, Inc. as of May 22, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.