233 W Oliver Street, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
This Strategic Multi-Family Asset is listed at $1,100,000, offering a stable entry into San Pedro’s massive transformation near the West Harbor Waterfront. While positioned above the $965,774 Fair Market Value, the property delivers immediate utility with a Fair Condition Rating and recent updates including New Windows. Proximity to Top-Rated Schools like Taper Avenue Elementary (9/10) and the AltaSea innovation campus ensures sustained rental demand. This fully occupied quadruplex is a premier choice for Buy-and-Hold Investors or Owner-Occupants looking to capitalize on coastal urban renewal.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 233 W Oliver Street Subject | $1,100,000* List Price | 0 | 0 | 3,314 | $291 | - |
A 586 W 1st Street Sold | $850,000 | 0 | 0 | 3,428 | $248 | 0.5 mi |
B 841 W 5th Sold | $1,330,000 | 0 | 0 | 3,462 | $384 | 0.9 mi |
C 343 W 12th Street Sold | $1,150,000 | 0 | 0 | 4,090 | $281 | 0.9 mi |
D 221 W 10th Street Active Under Contract | $1,110,000 List Price | 0 | 0 | 3,730 | $298 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1963, this quadruplex is well-maintained but shows its age. While it features recent exterior updates like fresh paint and new windows, the interiors remain largely dated. The kitchens have been partially refreshed with newer countertops, but the cabinetry and appliances are older styles. It fits the 'fair' criteria as an aged property maintained through regular upkeep with functional but outdated components.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
Situated in the heart of San Pedro's major transformation, the property benefits from proximity to the West Harbor waterfront redevelopment and AltaSea, promising significant long-term appreciation.
This fully occupied quadruplex features consistent 2-bedroom, 1-bath layouts with long-term tenants already in place, providing immediate and reliable cash flow for the investor.
The property is zoned for Barton Hill Elementary, which carries a low rating of 2/10, potentially limiting the appeal for families and impacting long-term tenant quality.
With a previous sale recorded at $875,000 in mid-2024, the current $1.1M asking price represents a sharp increase in a short period, which may challenge appraisal valuations.
San Pedro is in the middle of a major transformation. West Harbor is reimagining the old Ports O' Call into a vibrant waterfront destination with chef-driven restaurants, retail, and live entertainment. AltaSea is creating a world-class ocean innovation campus focused on climate and sustainability, while thousands of new housing units, arts spaces, and cultural districts like Little Italy LA are shaping a bold new future. This prime multi-family property offers a rare opportunity to invest in San Pedro’s growth. Thoughtfully maintained, the four-unit building features spacious 2-bedroom, 1-bath layouts, each occupied by long-term tenants for steady income. Recent updates include fresh paint and brand-new windows, while well-kept landscaping adds to the property’s inviting curb appeal. Located in a desirable neighborhood near the evolving waterfront and with easy access to the 110 freeway, the property offers everyday convenience near parks, schools, dining, and shopping. Don’t miss the chance to secure a valuable asset in a prime location as San Pedro steps into its next chapter.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.9 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,314 | 2,338.5 | 72% |
| Lot Size | 5,001 | 5,001.5 | 50% |
| Price | $1.10M | $1.04M | 54% |
| Price per sq ft | $332 | $462 | 24% |
| Built year | 1963 | 1928 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 50 | 210 | 2% |
Mar 3, 2026
$1,100,000
Initial Listing
Jun 27, 2024
$875,000
Public Record
Nov 12, 2002
$325,500
Public Record