801 Oro Terrace
$3,399,000
12
12
7,908
7,908
$430
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.
- Listed by Brice Head • DRE #01330706 • Brokerage DRE #00868409 • CBRE, Inc.
Property Details for 801 Oro Terrace
Zoning
LARD1.5
Parcel Number7458004015
Total Units12.0
Living Area7908
Source Living AreaVendor Enhanced
AreaHoly Trinity (187)
Vacancy Rate0
Lot Size Area18985
LISTING UPDATED: 12/14/2024 12:01 AM
Property Details for 801 Oro Terrace
Status | Active |
---|---|
MLS # | 24-471587 |
Days on Market | 15 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1928 |
Lot Size | 0.44 AC / 18,985 SF |
County | Los 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
Property History for 801 Oro Terrace
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.