801 Oro Terrace

San Pedro, CA 90731

$3,399,000
Price
12
Beds
12
Baths
7,908 Sq. Ft.
$430 / Sq. Ft.
7,908
Sq. Ft.
$430
per Sq. Ft.

Description

BEAUTIFUL VISTA DEL ORO LOCATION, waaaay up the hill, near Palos Verdes. Unparalleled "view" potential for a Builder. Unique, large, highly elevated, 19K square foot street-to-alley lot, affording a builder 12 condo or townhome potential with unobstructed views of the harbor, LA Basin and beyond. Maybe even more than 12. Zoning is LARD1.5. Buyer to verify. Currently, it's 12 charming, Spanish, bungalow-style units with tons of "old-school" charm - coved ceilings, arched doorways, original, resurfaced...BEAUTIFUL VISTA DEL ORO LOCATION, waaaay up the hill, near Palos Verdes. Unparalleled "view" potential for a Builder. Unique, large, highly elevated, 19K square foot street-to-alley lot, affording a builder 12 condo or townhome potential with unobstructed views of the harbor, LA Basin and beyond. Maybe even more than 12. Zoning is LARD1.5. Buyer to verify. Currently, it's 12 charming, Spanish, bungalow-style units with tons of "old-school" charm - coved ceilings, arched doorways, original, resurfaced hardwood floors, walk-in closets, tile kitchens and baths.and a utility room with washer/dryer hookups in every unit. Mature, king palm trees line the walkways, around a water feature. The roofs were recently replaced, garage doors, also. The $150MM, 42 acre, West Harbor aka "Waterfront Redevelopment" and 35 acre AltaSea Science Center make San Pedro one of LA's most dynamic investment markets. And of course, it's home to one of LA County's largest employers, The Port of LA. An already-stable renting base that is only getting stronger. ASSUMABLE LOAN:80+% LTV assumable note of $2,770,000 at 4.65% Interest-Only. Principal paydown amounts of $100K each May and December. Due Feb 2033. Seller will likely allow "cash-for-keys" dialogue with the tenants during escrow. Exclusively listed at $3,399,000.
  1. Listed by Brice Head • DRE #01330706 • Brokerage DRE #00868409 • CBRE, Inc.

Property Details for 801 Oro Terrace

Zoning
LARD1.5
Parcel Number
7458004015
Total Units
12.0
Living Area
7908
Source Living Area
Vendor Enhanced
Area
Holy Trinity (187)
Vacancy Rate
0
Lot Size Area
18985
LISTING UPDATED: 12/14/2024 12:01 AM

Property Details for 801 Oro Terrace

StatusActive
MLS #24-471587
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.44 AC / 18,985 SF
CountyLos Angeles County

Building Information for 801 Oro Terrace

Stories-Residences-Year Built1928Building Size-Lot Size0.44 AC / 18,985 SF

Property Information for 801 Oro Terrace

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Bungalow
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $211,219
  • Net Operating Income: $128,194.00
  • Gross Income: $217,752
  • Gross Rent Multiplier: $15.61
  • Total Annual Expense: 83025
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.4358
  • Lot Size Square Feet: 18985
Parking Details
Parking Details
  • Parking Garage: Carport Attached
  • Total Parking: 0
  • Parking Features: Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan, Gas Or Electric Dryer Hookup, Refrigerator, Range/Oven
  • Interior Features: Ceiling Fan(s)
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-11-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,512.20
  • Unit Actual Rent: $18,146.00
  • Unit Projected Rent: $18,146.00
  • Like Units: 12
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $462,913.00
  • Assessed Improvement Percent: 21.49
  • Assessed Land Value: $1,690,773.00
  • Assessed Land Percent: 78.51
  • Assessed Total Value: $2,153,686.00

Property History for 801 Oro Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 801 Oro Terrace

Taxable ValueLand$2,448,000Additions$919,200Total$3,367,200
Tax Record2024$42,104 ($3,509 / month)
Home Facts
Total Finished SqFt7,908 SqFtAbove Grade Finished SqFt7,908 SqFtLot Size18,981 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningLARD1.5CountyLOS ANGELESAPN7458-004-015

Schools near 801 Oro Terrace

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 12
Rating
School
Distance
Seventh Street Elementary School
PublicK to 5

Richard Henry Dana Middle School
Public6 to 8

San Pedro Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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801 Oro Terrace is a multi-family home for sale in San Pedro, CA 90731. This property was listed for sale on December 6, 2024 by CBRE, Inc., it's currently listed at $3,399,000. It has been on the market for a total of 15 days and was last sold on February 8, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Seventh Street Elementary School, Richard Henry Dana Middle School and San Pedro Senior High School. 801 Oro Terrace is a 12-bed, 12-bath, 7,908 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CBRE, Inc., Brice Head, DRE #01330706

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.