tomo logo

$3,399,000

Beds
12
sq ft
7,908

801 Oro Ter, San Pedro, CA 90731

801 Oro Ter

San Pedro, CA 90731

  • 12 days on market
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.

Details

Property type

Est. home value

$3,487,866

Lot size

0.4358 acres

Price per sq ft

$430

Year built

1928

HOA

No

Price History

12/06/2024
CLAW

CLAW #24471587

Listed
$3,399,000
+3%
02/08/2023
CLAW

CLAW #22208151

Sold
$3,300,000

Schools & Community

Neighborhood: 

San Pedro

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Exchange Resources Inc

Loan start date

January 2023

Original loan amount

$3,140,000

Est. remaining balance

Not provided

Interest rate

6.61%

Loan type

Commercial

Seller

801 Oro Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 3:25 AM

Listing updated: 12/14/2024 at 3:15 PM

Listed by: Brice Head, CBRE, Inc. Phone #: (310) 363-4900

MLS: CLAW #24471587

CLAW logo

Recently listed in San Pedro