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31441686
31441705

1211 Grand Avenue South, San Pedro, CA 90731

JP
CA 01941349
Sage Real Estate
Listed by Sage Real Estate
$879,999
75 days on market
Updated 36 days ago

1211 Grand Avenue South

Details
APN 7454021028
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,114
Net Rentable (SqFt) 2,114
Units 3
Cap Rate 4.36%
NOI $38,374
Pro-Forma Cap Rate 7.18%
Pro-Forma NOI $63,164
Price per SqFt $416
Broker Co-Op Yes
Class C
Year Built 1920
Buildings 2
Lot Size (SqFt) 4,501
Zoning Assessor
Investment Type Value Add
Sale Condition N/A

Value Add Triplex blocks from new West Harbor Water Front Development

Marketing 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 sites 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.

Investment highlights

-Value Add Triplex

-Blocks from the New West Harbor WaterFront Development

-Renovated 1bed/1bath currently vacant unit

-4 Garages with Adu potential

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Listing Contacts

JP
CA 01941349
Sage Real Estate
Listed by Sage Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$38,374.00
$3,197.83/mo

Valuation Metrics

0
DSCR
4.36%
Cap Rate
4.36%
ROI

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Additional Information

Name
Jack Patel
License
01941349
Brokerage Phone
213-453-2572
Brokerage Address
2734 East Broadway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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