224 S Grand AVE San Pedro, CA 90731
4,996 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
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 Quadruplex
Property Description
Well-located 6-unit property in the growing San Pedro market, just minutes from the West Harbor redevelopment. The property consists of 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.
One garage will be delivered with approved ADU plans, providing a straightforward opportunity to add approximately $1,750/month in additional rental income. Both one-car garages will be delivered vacant, offering flexibility for the new owner (one unit may also be delivered vacant at close of escrow).
The current unit mix provides steady income and helps spread risk across multiple units, which can be especially beneficial for a first-time multifamily buyer. The property is tenant-occupied with consistent rental demand and low vacancy, offering reliable in-place income.
Located near the waterfront, local dining, and major transportation routes, the property benefits from ongoing growth and redevelopment in the area.
A solid investment with current income and clear potential to increase cash flow through the approved ADU addition.
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