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1316 Grand Avenue S San Pedro CA 90731
Price $ 924,900
Listing ID DW25215548
Status Active
Property Type Single Family Residence
County Los Angeles
Beds 4
Baths 2
House Size 2226
Year Built 1925
Days on website 4
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
Financial Information
List Price: $ 924900
Property Features
Community Features: Urban
High School District: Los Angeles Unified
Levels: Two
Lot Features: Yard
Senior Community YN: false
Structure Type: House
View: Courtyard, Neighborhood
Water Source: Public
High School District: Los Angeles Unified
MLS Area Major: 193 - San Pedro - North
City: San Pedro
Senior Community YN: false
Listed By:   Herbert Diaz   PLF Real Estate Solutions 
CA Lic#
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