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Nicole Hazelton-Meacham

[email protected] +1(619) 206-1892

$899,900

Est. payment - /mo

4 Beds

2 Baths

4,506 Sqft Lot

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Open House

Sat May 23, 12:00pm - 3:00pm

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

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Listed by Herbert Diaz, DRE#01458024 PLF Real Estate Solutions

Nearby School & Business

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Nicole Hazelton-Meacham

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

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1316 S Grand San Pedro, CA 90731

Nicole Hazelton-Meacham

Open House

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information