536 North Palos Verdes Street
536 North Palos Verdes Street
$875,000
5
3
2,175
2,175
$402
Closed 7/8/22
Description
Perched from this hillside overlooking the booming Port of Los Angeles, one can’t help but envision this property being cradled in immense opportunity. The location of this single-level TRIPLEX is snugly situated in the “heartbeat” of San Pedro, which has undergone rapid redevelopment in recent years with the much touted $150M West Harbor project as the center attraction.
Sitting on a 8,252 sq ft lot, this triplex includes a detached 3 car garage as well as a spacious common area that can be utilized...Perched from this hillside overlooking the booming Port of Los Angeles, one can’t help but envision this property being cradled in immense opportunity. The location of this single-level TRIPLEX is snugly situated in the “heartbeat” of San Pedro, which has undergone rapid redevelopment in recent years with the much touted $150M West Harbor project as the center attraction.
Sitting on a 8,252 sq ft lot, this triplex includes a detached 3 car garage as well as a spacious common area that can be utilized for play, bbq or relaxation.
Enjoy a beautiful backdrop of the San Pedro Harbor, and admire the Vincent Thomas Bridge as it lights up the evening sky.
The front unit offers 1 bedroom/1 bath while the other two units are 2 bedroom/1 bath. Two of the 3 units are currently without tenants and need attention, but consider it a blank canvas to create something special. The remaining third unit is well maintained and will be delivered without tenants at close. Having all units empty will give the new owner the opportunity to upgrade each unit to maximize rent at, perhaps, above market rates due to its prime location. Another option would be to maximize zoning potential and rebuild completely, taking advantage of the gorgeous views if deciding to build up. An additional investment advantage of this property is that it is located within the Opportunity Zone offering significant tax benefits to the new owner. This is an exciting time to invest in San Pedro and be a part of its growth.
Sitting on a 8,252 sq ft lot, this triplex includes a detached 3 car garage as well as a spacious common area that can be utilized...Perched from this hillside overlooking the booming Port of Los Angeles, one can’t help but envision this property being cradled in immense opportunity. The location of this single-level TRIPLEX is snugly situated in the “heartbeat” of San Pedro, which has undergone rapid redevelopment in recent years with the much touted $150M West Harbor project as the center attraction.
Sitting on a 8,252 sq ft lot, this triplex includes a detached 3 car garage as well as a spacious common area that can be utilized for play, bbq or relaxation.
Enjoy a beautiful backdrop of the San Pedro Harbor, and admire the Vincent Thomas Bridge as it lights up the evening sky.
The front unit offers 1 bedroom/1 bath while the other two units are 2 bedroom/1 bath. Two of the 3 units are currently without tenants and need attention, but consider it a blank canvas to create something special. The remaining third unit is well maintained and will be delivered without tenants at close. Having all units empty will give the new owner the opportunity to upgrade each unit to maximize rent at, perhaps, above market rates due to its prime location. Another option would be to maximize zoning potential and rebuild completely, taking advantage of the gorgeous views if deciding to build up. An additional investment advantage of this property is that it is located within the Opportunity Zone offering significant tax benefits to the new owner. This is an exciting time to invest in San Pedro and be a part of its growth.
Listing Agents
Property Details for 536 North Palos Verdes Street
View
Vincent Thomas Bridge
Parking Spaces Total3
Private PoolNo
Cooling TypeN/K
Total Units3.0
Building TypeDetached
Lot Size SourceAssessor
Living Area2175
Location
LISTING UPDATED: 07/08/2022 06:05 AM
Property Details for 536 North Palos Verdes Street
Status | Closed |
---|---|
MLS # | SB22076274 |
Days on Market | 10 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential |
Year Built | 1944 |
County | Los Angeles County |
Location
Virtual Tour
Building Information for 536 North Palos Verdes Street
Building/Complex536 N Palos Verdes StFloor-Stories1Residences-Pet Policy-Year Built1944Building Size-
Payment Calculator
$5,688 per month
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Property Information for 536 North Palos Verdes Street
Property History for 536 North Palos Verdes Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 536 North Palos Verdes Street
Taxable ValueLand$700,000Additions$175,000Total$875,000
Tax Record2023$10,962 ($913 / month)
Home Facts
Total Finished SqFt2,175 SqFtAbove Grade Finished SqFt2,175 SqFtLot Size8,252 SqFtStyleTriplexYear Built1944ZoningLARD2CountyLOS ANGELESAPN7449-007-012
Schools near 536 North Palos Verdes Street
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 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Barton Hill Elementary School PublicK to 5 | ||
Richard Henry Dana Middle School Public6 to 8 | ||
San Pedro Senior High School Public9 to 12 | ||
Port Of Los Angeles High School Charter9 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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