233 W Oliver Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$1,059,000
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:
Strategic Location & Growth Potential: Situated in San Pedro, an area undergoing significant transformation with major waterfront developments (West Harbor, AltaSea) and new cultural districts, positioning the property for strong future appreciation and demand.
Top Cons:
Age of Building & Potential for System Upgrades: Built in 1963, the property, despite recent cosmetic updates, may have older major systems (e.g., plumbing, electrical, roof) that could require significant capital expenditures in the long term.
Compared to the nearby listings
Price:$1.06M vs avg $1.08M ($-20,000)50%
Size:3,314 sqft vs avg 2,387.5 sqft64%
Price/sqft:$320 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 description notes 'recent updates include fresh paint and brand-new windows,' and the exterior images show a well-maintained facade, there are no images or specific details provided for the kitchens or bathrooms. Given the age of the building and the lack of mention of major interior renovations, it's highly probable that these key areas are outdated in style and features, even if functional. The property appears to be aged but maintained through regular upkeep, fitting the 'Fair' category where major components are functional but show signs of being outdated and would likely require minor updates or repairs to meet current standards.
Year Built
1963
Close
-
List price
$1.06M
Original List price
$1.07M
Price/Sqft
$320
HOA
-
Days on market
-
Sold On
-
MLS number
OC25153713
Home ConditionFair
Features
Good View:
View-
About this home
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.
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 description notes 'recent updates include fresh paint and brand-new windows,' and the exterior images show a well-maintained facade, there are no images or specific details provided for the kitchens or bathrooms. Given the age of the building and the lack of mention of major interior renovations, it's highly probable that these key areas are outdated in style and features, even if functional. The property appears to be aged but maintained through regular upkeep, fitting the 'Fair' category where major components are functional but show signs of being outdated and would likely require minor updates or repairs to meet current standards.
Pros & Cons
Pros
Strategic Location & Growth Potential: Situated in San Pedro, an area undergoing significant transformation with major waterfront developments (West Harbor, AltaSea) and new cultural districts, positioning the property for strong future appreciation and demand.
Income-Generating Multi-Family Asset: A four-unit building with spacious 2-bedroom, 1-bath layouts, providing a steady income stream from long-term tenants, making it an attractive investment opportunity.
Recent Updates & Curb Appeal: The property benefits from recent updates including fresh paint and brand-new windows, along with well-kept landscaping, enhancing its inviting curb appeal and reducing immediate maintenance needs.
Tenant Stability: All units are occupied by long-term tenants, offering immediate cash flow and stability for an investor, minimizing vacancy risk.
Convenient Accessibility & Amenities: Located in a desirable neighborhood with easy access to the 110 freeway, parks, schools, dining, and shopping, enhancing its appeal to potential tenants.
Cons
Age of Building & Potential for System Upgrades: Built in 1963, the property, despite recent cosmetic updates, may have older major systems (e.g., plumbing, electrical, roof) that could require significant capital expenditures in the long term.
Limited Immediate Rent Upside: The presence of long-term tenants, while providing stability, could mean current rents are below market value, potentially limiting immediate income growth without tenant turnover or substantial rent adjustments, which may be subject to local regulations.
Absence of Dedicated Parking Details: For a four-unit property in an urban setting, the lack of specific information regarding dedicated parking spaces could imply reliance on street parking, which can be a significant inconvenience for tenants and a potential drawback.