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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
“Highly recommend Carol Ann Mills! Professional, honest, and extremely helpful throughout the entire home-buying process. Great communication and attention to detail. Couldn’t have asked for a...
06/16/2026 - Karl Pischansky
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Carol Anne recently sold my condo in Rancho Palos Verdes, and from start to finish she was knowledgeable, responsive, and genuinely cared about achieving the best outcome for me. She made what could...
06/15/2026 - Yulia Amaya
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My husband and I had an exceptional experience working with Carol Anne and can’t recommend her highly enough to anyone in need of a trusted real estate professional. We converted our home into a...
06/13/2026 - Michelle Palmer
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I had a great experience working with Carol. She was always responsive, professional, and very helpful throughout the transaction. Communication was smooth, and she went above and beyond to help...
06/02/2026 - XUE DING
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Carol Anne recently helped me sell my father's house in San Pedro, CA in 9 weeks. To say the least, it was a complicated situation for me as I live in Ohio. The house had a solar system lease and a...
05/30/2026 - john featherstone
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View more reviewsWorking with Carol was an absolute game changer in finding my new rental! From the very beginning, she was responsive, professional, and genuinely invested in helping me secure the place. In such a...
05/21/2026 - M N
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