801 ORO TER San Pedro CA 90731-2985

BEAUTIFUL VISTA DEL ORO LOCATION, way up the hill, near Palos Verdes. 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. 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.

DYNAMIC LOCATION, 50% RENT UPSIDE AND MASSIVE DEVELOPMENT UPSIDE. Seller MAY finance, call for details.

• 12 bungalow-style units; HUGE 19K sq. ft. lot.

• POTENTIAL! 50%+/- rent upside (over 6% cap) and MASSIVE development upside.

• Genteel, suburban location. Charm throughout. Unparalleled views.

• Seller will have "CASH for KEYS" dialogue with tenants during escrow.

• Part of a San Pedro portfolio sale including 3 Triplexes and a 2-on-a-lot, as well. Can be sold separately.

• SELLER MAY CARRY PAPER, PLZ INQUIRE REGARDING RATE AND TERMS.