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Listed by Herbert Diaz • PLF Real Estate Solutions
$899,900
Est. payment /mo
2,226 SqFt
Price Dropped by $25K
1316 South Grand San Pedro, CA 90731
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,226 sqft
Price per Sqft $404
MLS Listing ID DW-26042121
Year Built 1925
Lot Size 4,506 Sqft
Property Sub-Type Duplex
Source California Regional Multiple Listing Service (CRMLS)
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 today and see all that this San Pedro property has to offer.
Location
State CA
County Los Angeles
Area 193 - San Pedro - North
Interior
Laundry Common Area
Exterior
Parking Features Garage, Garage - Single Door
Garage Spaces 2.0
Pool None
Community Features Urban
View Y/N No
View None
Building
Lot Description Front Yard, Level with Street, Utilities - Overhead
Sewer Other, Public Sewer
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