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578 W Oliver, San Pedro, CA
Exceptional opportunity to own the lowest-priced income property currently available in San Pedro. This unique property functions as two essentially stand-alone houses on one lot, each with its own private entrance. One unit is accessed from the street, while the second is accessed from the alley, offering excellent separation and privacy. The property generates approximately $40,380 in annual gross rental income. The advertised cap rate is based on gross income only and does not take operating expenses into consideration. Annual operating expenses, including new property taxes, are approximately $10,500, allowing buyers to determine their own net return based on individual operating assumptions. Owner-Occupant Opportunity: Ideal for a buyer looking to live in one unit while renting out the second. The separate entrances provide privacy, and the rental income can help offset the monthly mortgage, making this an attractive option for an owner-user seeking flexibility and affordability. Investor Opportunity: A strong entry-level investment in San Pedro with two separate dwelling units on one lot. With below-market pricing and future upside potential, this property offers a compelling opportunity for investors looking to improve operations, address deferred maintenance, and increase long-term returns. Located near the Port of Los Angeles, with a major new port-related development scheduled to open this year. This project is expected to bring additional jobs, increased economic activity, entertainment attractions for visitors, and continued investment to the area, further driving demand for housing and adding long-term upside to San Pedro’s already strong rental and ownership market. Opportunities like this are rare—get in early before others do. Listing Agent Carol Anne Mills 310-701-2486
Property Details
| Property Type | Residential Multi Family |
|---|---|
| Mls # | SB26011242 |
| LotSize | 0.12 acres |
| Property Subtype | Duplex |
| Year Built | 1925 |
| Num Of Floors | 1 |
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Reviews
Carol is the most trusted & reliable real estate agent in California.
05/04/2026 - Jake Caddel
Working with Carol Anne was such a smooth and positive experience. I had the pleasure of staging her listing, and it sold quickly—always the best outcome! She was incredibly easy to work with,...
05/04/2026 - Alejandra Nunez
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I’ve had the pleasure of working with Carol Anne Mills, and what stands out most is her genuine care for the people she serves. In an industry where transactions can sometimes feel impersonal,...
04/29/2026 - Dustin Sanders
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Carol Anne is awesome! We selected her because of these 5-star reviews and she still exceeded our expectations. We have bought and sold more than a dozen homes, and Carol Anne is the best realtor...
04/16/2026 - J P
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After trying to sell my house twice over the years with no success,I knew I needed one of the best realtors in San Pedro-Someonewho could actually get the job done.Thats when I chose Carol Anne...
04/12/2026 - David Luse
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View more reviewsGreat realtor very friendly, responsive, and knowledgeable. Made everything smooth and stress-free, definitely tell him all my friends and family
04/08/2026 - Edwin Camarillo
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