578 W Oliver Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$675,000
578 W Oliver Street, San Pedro, California 90731
0Bed
0Bath
1,402Sqft
5,182Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Duplex: The property features two separate 2-bedroom homes on one lot, offering significant rental income potential or flexible multi-generational living arrangements.
Top Cons:
As-Is Condition: The property is sold 'as is,' implying potential for deferred maintenance or undisclosed issues, requiring buyers to assume all risks and costs for necessary repairs or upgrades.
Compared to the nearby listings
Price:$675.0K vs avg $1.06M ($-389,500)7%
Size:1,402 sqft vs avg 2,371 sqft7%
Price/sqft:$481 vs avg $42557%
More Insights
Built in 1925 (100 years old).
Condition: The property was built in 1925, making it nearly 100 years old. No interior images are provided, which is a major red flag for a property of this age, suggesting the interior is likely in very poor or unpresentable condition. The listing states 'sold as is,' further indicating that the property requires substantial repairs and rehabilitation. While the exterior does not appear to be structurally unsound, the age, lack of renovation information, and absence of interior photos strongly suggest that major components and finishes are severely outdated and will require significant investment to meet current living standards, aligning with the 'Poor' condition criteria.
Year Built
1925
Close
-
List price
$675K
Original List price
$675K
Price/Sqft
$481
HOA
-
Days on market
-
Sold On
-
MLS number
SB25111068
Home ConditionPoor
Features
View-
About this home
2 separate lovely houses on the lot. Both homes are 2 bedrooms each with separate entrances divided by a fence. Please provide approval certificate, proof of funds. All offers are subject to inspection. Buyers to cooperate with seller's option to exercise a 1031 tax deferred exchange. expenses are estimated. A huge upside in rent. All buyers and agents to dues all their due diligence, sold as is.
Nearby schools
2/10
Barton Hill Elementary School
Public,•K-6•0.1mi
5/10
Bandini Street Elementary School
Public,•K-6•0.5mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.7mi
9/10
Park Western Place Elementary School
Public,•K-5•1.0mi
9/10
Taper Avenue Elementary School
Public,•K-5•1.1mi
5/10
Fifteenth Street Elementary School
Public,•K-5•1.2mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.3mi
4/10
Seventh Street Elementary School
Public,•K-5•1.4mi
5/10
Leland Street Elementary School
Public,•K-6•1.7mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•2.1mi
7/10
White Point Elementary School
Public,•K-6•2.4mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•2.6mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.6mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.1mi
6/10
Harbor City Elementary School
Public,•K-5•3.3mi
4/10
Richard Henry Dana Middle School
Public,•6-8•1.2mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.0mi
8/10
Miraleste Intermediate School
Public,•6-8•2.2mi
6/10
Alexander Fleming Middle School
Public,•6-8•3.4mi
4/10
Hudson K-8
Public,•K-8•5.4mi
6/10
San Pedro Senior High School
Public,•9-12•1.3mi
5/10
Phineas Banning Senior High School
Public,•9-12•3.6mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•4.1mi
3/10
Cabrillo High School
Public,•9-12•5.3mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•5.4mi
8/10
Palos Verdes High School
Public,•9-12•7.8mi
Price History
Date
Event
Price
10/19/09
Sold
$263,000
09/29/06
Sold
$540,000
01/20/05
Sold
$385,000
Condition Rating
Poor
The property was built in 1925, making it nearly 100 years old. No interior images are provided, which is a major red flag for a property of this age, suggesting the interior is likely in very poor or unpresentable condition. The listing states 'sold as is,' further indicating that the property requires substantial repairs and rehabilitation. While the exterior does not appear to be structurally unsound, the age, lack of renovation information, and absence of interior photos strongly suggest that major components and finishes are severely outdated and will require significant investment to meet current living standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
Income-Generating Duplex: The property features two separate 2-bedroom homes on one lot, offering significant rental income potential or flexible multi-generational living arrangements.
Privacy & Autonomy: Each home has separate entrances and is divided by a fence, enhancing privacy and autonomy for occupants, which is highly desirable for tenants or co-living.
Location in San Pedro: Situated in San Pedro, a coastal city undergoing revitalization, the property benefits from a desirable location with potential for future appreciation.
Rental Upside Potential: The listing explicitly notes 'A huge upside in rent,' indicating opportunities for an investor to increase cash flow and maximize returns.
Generous Lot Size: With a 5182 sqft lot, there is ample outdoor space for both units, a valuable amenity for residents in an urban setting.
Cons
As-Is Condition: The property is sold 'as is,' implying potential for deferred maintenance or undisclosed issues, requiring buyers to assume all risks and costs for necessary repairs or upgrades.
Age of Property: Built in 1925, the homes likely have older systems (plumbing, electrical) that may require significant updates, leading to higher renovation and ongoing maintenance costs.
1031 Exchange Contingency: The requirement for buyers to cooperate with the seller's 1031 tax-deferred exchange can complicate the transaction, introduce delays, and potentially limit buyer flexibility.