

Listed by Sage Real Estate
$879,999
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
Listing Contacts


Listed by Sage Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
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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