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1316 S Grand Ave

Los Angeles CA 90731

4
2
2
2226 sq. ft.
4506 sq. ft.
Single-Family
Currently for sale - view listing

Overview

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.

Features

4 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
2226 sq. ft. floor area
4506 sq. ft. lot size
Single-Family

Property history for 1316 S Grand Ave

2016
Sold
$569,900
26 Aug 2016
2016
Sold
$560,000
22 Feb 2016

Happy sellers in Los Angeles

92%
92% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 12 reviews in Los Angeles over the last 12 months.

Local market activity for 4 bedroom single-family properties in Los Angeles

In the last 12 months, 31 four-bedroom single-family properties similar to 1316 S Grand Ave, have been sold.

This represents a 22% increase in four-bedroom single-family properties sales when compared to the previous 12 months.

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