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Listed by Herbert Diaz • PLF Real Estate Solutions
$924,900
Est. payment /mo
4 Beds
2 Baths
2,226 SqFt
Open House
Sun Sep 14, 11:00am - 3:00pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,226 sqft
Price per Sqft $415
MLS Listing ID CRDW25215548
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1925
Lot Size 4,506 Sqft
Property Sub-Type Detached
Source Datashare California Regional
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 to
Location
State CA
County Los Angeles
Interior
Cooling Wall/Window Unit(s)
Fireplaces Type None
Fireplace No
Laundry Other
Exterior
Garage Spaces 2.0
Pool None
View City Lights, Other
Private Pool false
Building
Lot Description Street Light(s)
Story 2
Water Public
Schools
School District Los Angeles Unified
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James Dye
Broker Associate | License ID: 00897803
Broker Associate License ID: 00897803