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: Positioned in San Pedro, an area undergoing significant revitalization with major waterfront developments (West Harbor, AltaSea) and new cultural districts, promising future appreciation and tenant demand.
Top Cons:
Property Age & Potential System Upgrades: Built in 1963, the property is over 60 years old, suggesting that major systems (e.g., plumbing, electrical, roof, HVAC) may be original or nearing the end of their lifespan, potentially requiring substantial future capital expenditures.
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 61 years old. While the listing mentions recent exterior updates such as fresh paint and brand-new windows, there is no indication of significant interior renovations, especially for kitchens and bathrooms. For a building of this age, it's highly probable that the interior finishes, appliances, and fixtures are outdated and would require minor to substantial updates to meet modern standards and appeal. The property is described as 'thoughtfully maintained,' suggesting functionality but not contemporary style or features.
Year Built
1963
Close
-
List price
$1.06M
Original List price
$1.06M
Price/Sqft
$320
HOA
-
Days on market
-
Sold On
-
MLS number
OC25240935
Home ConditionFair
Features
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 61 years old. While the listing mentions recent exterior updates such as fresh paint and brand-new windows, there is no indication of significant interior renovations, especially for kitchens and bathrooms. For a building of this age, it's highly probable that the interior finishes, appliances, and fixtures are outdated and would require minor to substantial updates to meet modern standards and appeal. The property is described as 'thoughtfully maintained,' suggesting functionality but not contemporary style or features.
Pros & Cons
Pros
Strategic Location & Growth: Positioned in San Pedro, an area undergoing significant revitalization with major waterfront developments (West Harbor, AltaSea) and new cultural districts, promising future appreciation and tenant demand.
Established Income Stream: Features four units with long-term tenants, providing immediate and stable rental income, ideal for investors seeking consistent cash flow.
Multi-Unit Investment: As a quadruplex, it offers diversified rental income and a higher potential return on investment compared to single-family properties.
Recent Property Enhancements: Benefits from recent updates including fresh paint and brand-new windows, contributing to improved aesthetics and reduced immediate maintenance for a new owner.
Excellent Accessibility & Amenities: Conveniently located near the evolving waterfront, parks, schools, dining, shopping, and with easy access to the 110 freeway, enhancing tenant desirability and property value.
Cons
Property Age & Potential System Upgrades: Built in 1963, the property is over 60 years old, suggesting that major systems (e.g., plumbing, electrical, roof, HVAC) may be original or nearing the end of their lifespan, potentially requiring substantial future capital expenditures.
Limited Interior Unit Details: The description lacks specific information regarding the interior condition, amenities, or recent updates within individual units, which could imply hidden renovation costs or outdated finishes.
Absence of HVAC Information: No mention of air conditioning or modern HVAC systems, which could be a significant drawback for tenant comfort during warmer periods and may necessitate future installation or upgrades.