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Listed by Herbert Diaz, DRE #01458024 • PLF Real Estate Solutions
$ 899,900
Est. payment /mo
Price Dropped by $25K
1316 S Grand San Pedro, CA 90731
4,506 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW26042121
Year Built 1925
Lot Size 4,506 Sqft
Property Sub-Type Duplex
Source California Regional MLS
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 California's most exciting coastal markets. Schedule your private tour toda
Location
State CA
County Los Angeles
Area 193 - San Pedro - North
Interior
Cooling Window / Wall Unit
Laundry Laundry Area
Exterior
Parking Features Garage
Garage Spaces 2.0
Pool 31, None
View None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 7454026002
Special Listing Condition Not Applicable
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