4.65% I/O Assumable Debt | 801-811 Oro Ter
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
4.65% I/O Assumable Debt 801-811 Oro Ter
12 Unit Apartment Building $4,817,980 CAD ($401,498 CAD/Unit) San Pedro, CA 90731
Investment Highlights
- 20% Down/80% LTV assumable debt at 4.65% I/O.
- 19K sq. ft. lot is perfect for development
- Massive, 50% rent upside as units turnover
- BEAUTIFUL VISTA DEL ORO LOCATION, waaaay up the hill, near Palos Verdes. Unparalleled "view" potential for a Builder
- The current bungalow-style units are like small homes (back doors/utility rooms/washer & dryer)
Executive Summary
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.
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.
Financial Summary (Pro forma - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$500,083
|
$63.24
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$15,003
|
$1.90
|
| Effective Gross Income |
$485,081
|
$61.34
|
| Taxes |
$57,768
|
$7.30
|
| Operating Expenses |
$76,859
|
$9.72
|
| Total Expenses |
$134,627
|
$17.02
|
| Net Operating Income |
$350,454
|
$44.32
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $500,083 |
| Annual Per SF | $63.24 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $15,003 |
| Annual Per SF | $1.90 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $485,081 |
| Annual Per SF | $61.34 |
| Taxes (CAD) | |
|---|---|
| Annual | $57,768 |
| Annual Per SF | $7.30 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $76,859 |
| Annual Per SF | $9.72 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $134,627 |
| Annual Per SF | $17.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $350,454 |
| Annual Per SF | $44.32 |
Property Facts
| Price | $4,817,980 CAD | Building Class | C |
| Price Per Unit | $401,498 CAD | Lot Size | 0.44 AC |
| Sale Type | Investment | Building Size | 7,908 SF |
| No. Units | 12 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1928 |
| Apartment Style | Garden | Parking Ratio | 1.26/1,000 SF |
| Price | $4,817,980 CAD |
| Price Per Unit | $401,498 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.44 AC |
| Building Size | 7,908 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 1.26/1,000 SF |
Unit Amenities
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 7458-004-015 | Total Assessment | $4,771,204 CAD (2024) |
| Land Assessment | $3,469,967 CAD (2024) | Annual Taxes | $57,768 CAD ($7.30 CAD/SF) |
| Improvements Assessment | $1,301,237 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
7458-004-015
Land Assessment
$3,469,967 CAD (2024)
Improvements Assessment
$1,301,237 CAD (2024)
Total Assessment
$4,771,204 CAD (2024)
Annual Taxes
$57,768 CAD ($7.30 CAD/SF)
Tax Year
2025
zoning
| Zoning Code | RD1.5, Los Angeles |
| RD1.5, Los Angeles |
1 of 13
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
4.65% I/O Assumable Debt | 801-811 Oro Ter
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.