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.
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4BEDS
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0.1ACRES
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2BATHS
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01/2 BATHS
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2,226SQFT
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$415$/SQFT
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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-12-13T22:26:40.003. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Open Door Real Estate. Licensed in the State of California, USA.