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$ 924,900
Est. payment /mo
Open Sat 12PM-4PM
1316 S Grand San Pedro, CA 90731
4 Beds
2 Baths
4,506 Sqft Lot
Open House
Sat Apr 18, 12:00pm - 4:00pm
Sun Apr 19, 12:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26042121
Bedrooms 4
Lot Size 4,506 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to 1316 S Grand Avenue, a beautifully updated duplex in the heart of San Pedro. Delivered completely vacant at close of escrow, this property is the perfect opportunity for both investors and owner-occupants seeking immediate potential. Each unit features 2 bedrooms and 1 bathroom, with its own garage, and the property has undergone several recent upgrades including fresh interior and exterior paint, new flooring, updated kitchens and baths, modern fixtures, a redone outdoor patio, and a newly covered stair railing that enhances both safety and curb appeal. With a gross annual rent potential of $63,600, the property offers a strong pro forma return, boasting a GRM of 14.54 and an approximate CAP Rate of 5.8% at the $924,900 asking price. The vacancy allows investors to set market rents immediately, while owner-occupants can take advantage of the opportunity to live in one unit while renting out the other for strong supplemental income. Located in Central San Pedro, this duplex offers convenient access to the LA Waterfront, freeways, schools, dining, and shopping. With its turnkey condition, income-producing potential, and prime location, 1316 S Grand Avenue is a rare opportunity in one of Southern Californias most exciting coastal markets. Schedule your private tour today and see all that this San Pedro property has to offer.
Location
State CA
County Los Angeles
Zoning Assessor
Direction From S Gaffey St. Head east on 14th St. and go North onto S. Grand
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7454026002
Acceptable Financing Conventional, FHA, VA
Listing Terms Conventional, FHA, VA
Listed by Herbert Diaz, DRE#01458024 PLF Real Estate Solutions