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Key Details
Sold Price $875,000
Property Type Condo
Sub Type All Other Attached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,175 sqft
Price per Sqft $402
MLS Listing ID SB22076274
Sold Date 07/08/22
Bedrooms 5
Full Baths 3
Year Built 1944
Property Sub-Type All Other Attached
Property Type All Other Attached
Property Description
Perched from this hillside overlooking the booming Port of Los Angeles, one cant 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.
Location
State CA
County Los Angeles
Zoning LARD2
Direction 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
Interior
Fireplace No
Exterior
Garage Spaces 3.0
View Y/N Yes
Water Access Desc Public
View Vincent Thomas Bridge
Building
Sewer Public Sewer
Water Public
Others
Special Listing Condition Standard
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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