224 South Grand Avenue

San Pedro, CA 90731

$1,385,888
Price
5
Beds
6
Baths
3,210 Sq. Ft.
$432 / Sq. Ft.
3,210
Sq. Ft.
$432
per Sq. Ft.

Description

Prime San Pedro Investment opportunity. Introducing 224 S. Grand Ave a Six unit complex that consists of 650 sq ft Single Family Residence, with a 2,160 sq ft Fourplex and, a 400 sq ft single unit on top of a two car detached garage 100 % occupied with waiting list, separately metered, well maintained and Professionally managed property, with current and up to date rents. steady cash flow. Less than four miles from White Point Beach, centrally located to the 110 Freeway, Pacific Coast Highway and...Prime San Pedro Investment opportunity. Introducing 224 S. Grand Ave a Six unit complex that consists of 650 sq ft Single Family Residence, with a 2,160 sq ft Fourplex and, a 400 sq ft single unit on top of a two car detached garage 100 % occupied with waiting list, separately metered, well maintained and Professionally managed property, with current and up to date rents. steady cash flow. Less than four miles from White Point Beach, centrally located to the 110 Freeway, Pacific Coast Highway and the 405 Freeway. Less than four miles from White Point Beach, centrally located to the 110 Freeway, Pacific Coast Highway and the 405 Freeway --
  1. Listed by Luis Alvarez • DRE #01210144 • Brokerage DRE #02172704 • DREAM LIFE REALTY • 323-855-9346

Property Details for 224 South Grand Avenue

Parking Spaces Total
2
Private Pool
No
Cooling Type
Other/Remarks
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3210
Assessor Parcel Number
7451-017-013
LISTING UPDATED: 11/15/2024 04:42 AM

Property Details for 224 South Grand Avenue

StatusActive
MLS #CV24212674
Days on Market66
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.11 AC / 4,997 SF
CountyLos Angeles County

Building Information for 224 South Grand Avenue

Stories1Residences-Year Built1925Building Size-Lot Size0.11 AC / 4,997 SF

Property Information for 224 South Grand Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $8,726
  • Gross Scheduled Income: $8,726
  • Net Operating Income: $72,508
  • Cap Rate: 5.23
Expense Details
  • Operating Expense: $32,208
  • Fuel Expense: $0
  • Insurance Expense: $400
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $2,684
Tax / Assessment Info
  • Tax Block: 3
  • Tax Tract Number: 13
  • Tax Census Tract: 2966.00
  • CFD/Mello-Roos Fee: $795
  • Tax Lot: 13
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: See Remarks
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: Front
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $901
  • Unit Type Total Rent: $901
  • Unit Type Pro Forma: 1050
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $975
  • Unit Type Total Rent: $975
  • Unit Type Pro Forma: 1100
  • Unit Type Type: 6
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 224 South Grand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 224 South Grand Avenue

Taxable ValueLand$562,880Additions$377,606Total$940,486
Tax Record2024$12,078 ($1,007 / month)
Home Facts
Total Finished SqFt2,918 SqFtAbove Grade Finished SqFt2,918 SqFtLot Size4,997 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningLAR2CountyLOS ANGELESAPN7451-017-013

Schools near 224 South Grand Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Barton Hill Elementary School
PublicK to 5

Richard Henry Dana Middle School
Public6 to 8

San Pedro Senior High School
Public9 to 12

Port Of Los Angeles High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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224 South Grand Avenue is a multi-family home for sale in San Pedro, CA 90731. This property was listed for sale on October 13, 2024 by DREAM LIFE REALTY, it's currently listed at $1,385,888. It has been on the market for a total of 66 days and was last sold on March 18, 2016. This listing's school district is Los Angeles Unified School District. Nearby schools include Barton Hill Elementary School, Richard Henry Dana Middle School and San Pedro Senior High School. 224 South Grand Avenue is a 5-bed, 6-bath, 3,210 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of DREAM LIFE REALTY, Luis Alvarez, DRE #01210144

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.