1211 Grand Avenue S, San Pedro, CA 90731
- $879,999
- List Price
- $879,999
- Price Change
- ▼ $20,000 1777696406
- Status
- ACTIVE
- MLS#
- RS26069107
- Year Built
- 1920
- Lot Size
- 4,501
- Acres
- 0.10
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 120
- Property Type
- Multifamily
- Property Sub Type
- Triplex
- Stories
- Two Levels
Property Description
Rare opportunity to acquire a well-positioned triplex in the heart of San Pedro, offering strong in-place income with additional long-term upside. The property features a desirable unit mix, including a spacious front unit with a 2 bed / 1.5 bath layout, indoor laundry, and a bonus room, providing added flexibility. The rear units consist of a studio and a fully renovated 1 bed / 1 bath, both equipped with in-unit laundry for tenant convenience. The recently remodeled 1 bed / 1 bath unit has now been leased, delivering immediate stabilized income. Additional highlights include four enclosed garages, a significant amenity that enhances tenant appeal and future value. From an investment perspective, the property offers clear upside potential through an ADU conversion, allowing a new owner to further increase cash flow and maximize the site’s potential. Located in a strong rental market near the ongoing San Pedro waterfront redevelopment, this is a well-rounded asset suited for investors seeking both stable income and future growth. Reach out today for more information.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $60,243
- Operating Expense
- 16519
Listing courtesy of Listing Agent: Jignesh Patel (Jack@patelcregroup.com) from Listing Office: Sage Real Estate Group Inc.
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