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 899,900 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.
Details
| MLS # | DW26210199 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 33 |
| Listing Provided By | PLF Real Estate Solutions | Herbert Diaz |
Features
| SQ Feet | 2,226 |
|---|---|
| Garage | 2 |
| Story(s) | 2 |
| Units | 2 |
| Building(s) | 2 |
| Acreage | 0.10 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Cooling Yes / No | Yes |
Exterior
| Lot Features | Front Yard, Street Level |
|---|
Parking
| Parking Features | Door Single, Garage |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Overhead Utilities |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Urban |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | San Pedro |
| Zip Code | 90731 |
| Area | 193 San Pedro North |
| Listing VS Median (in 90731) | |
Price: $899,900 low | high Med: $750,000 sqft: 2,226 low | high Med: 2 $ / sqft: $404 low | high Med: $375,000 On site: 33 low | high Med: 110 | |
Market Activity 90731
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | San Pedro |
| Zip Code | 90731 |
| Area | 193 San Pedro North |
| Listing VS Median (in 90731) | |
Price: $899,900 low | high Med: $750,000 sqft: 2,226 low | high Med: 2 $ / sqft: $404 low | high Med: $375,000 On site: 33 low | high Med: 110 | |
 | $899,9001316 S GrandSan Pedro, CA 90731 |
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