224 S Grand AVE San Pedro, CA 90731
4,996 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26081671
HOA Y/N No
Year Built 1925
Lot Size 4,996 Sqft
Property Sub-Type Single Family Residence
Property Description
Exceptional opportunity to own a well-positioned 6-unit income property in the rapidly growing San Pedro market, just moments from the highly anticipated West Harbor. This unique offering features three separate structures: a fourplex, a detached single-family residence (2 bed / 1 bath), and a 1 bed / 1 bath unit above the garages—totaling 5 bedrooms, 2 single units, and 6 bathrooms.
A major highlight of this property is the additional ADU potential, with one garage delivered with approved ADU plans, offering a projected +$1,750/month in additional rental income. Both one-car garages will be delivered unoccupied, providing immediate flexibility for the new owner (one unit may also be delivered vacant at close of escrow).
The diverse unit mix is a significant advantage, allowing for multiple rental strategies and helping reduce vacancy risk—ideal for both seasoned investors and those entering the multifamily space.
The property is currently tenant-occupied with strong, consistent rental demand and a history of low vacancy, offering stable in-place income with clear upside.
Located near the San Pedro waterfront, dining, and major transportation routes, the property is well-positioned to benefit from ongoing redevelopment and long-term growth in the area.
Strong current income + ADU upside + flexible unit mix = a smart investment in a high-growth coastal market.
Location
State CA
County Los Angeles
Area 193 - San Pedro - North
Zoning LAR2
Interior
Heating Wall Furnace
Cooling See Remarks
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features On Street
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs
Total Parking Spaces 2
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7451017013
Acceptable Financing Cash, Cash to Existing Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to Existing Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS