1209 S Grand Avenue 1211, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$949,000
1209 S Grand Avenue 1211, San Pedro, California 90731
0Bed
0Bath
2,114Sqft
4,501Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: This property is an exceptional owner-user opportunity, allowing the new owner to reside in a remodeled unit while tenant contributions from the other units help offset mortgage costs, providing immediate income.
Top Cons:
Age of Property: Built in 1920, the property is over 100 years old, which may imply outdated infrastructure (plumbing, electrical systems) and a higher likelihood of requiring significant capital improvements in the future.
Compared to the nearby listings
Price:$949.0K vs avg $1.06M ($-115,500)40%
Size:2,114 sqft vs avg 2,371 sqft43%
Price/sqft:$449 vs avg $42552%
More Insights
Built in 1920 (105 years old).
Condition: This triplex, built in 1920, presents a mixed condition. While the description highlights that two of the three units are 'newly remodeled' or 'fully renovated,' suggesting recent updates within the last 5-15 years, one unit (likely the front 2-bed/2-bath) clearly features an outdated kitchen with older appliances, cabinets, and linoleum flooring, as seen in the images. The renovated units appear to have modern finishes like recessed lighting and updated flooring. The property is well-maintained externally. The presence of recently renovated units aligns with the 'Good' criteria of being extensively renovated within 5-15 years, even though not all components across all units are new, preventing an 'Excellent' rating.
Year Built
1920
Close
-
List price
$949K
Original List price
$985K
Price/Sqft
$449
HOA
-
Days on market
-
Sold On
-
MLS number
SB25106239
Home ConditionGood
Features
Good View:
Patio
View-
About this home
Owner-user opportunity to own this exceptional triplex ideally located in the vibrant community of San Pedro. This property presents an outstanding investment opportunity for a new owner to move into a newly remodeled one-bedroom, one-bath unit while benefiting from tenant contributions to help cover the remaining mortgage. The front unit boasts two spacious bedrooms, two bathrooms, an indoor laundry area, and a bonus room, offering both functionality and comfort. The two rear units include a studio and a fully renovated one-bedroom, one-bathroom unit, both thoughtfully designed with indoor laundry facilities for enhanced convenience. This property offers onsite parking, which includes four enclosed garages, offering both security and ample space. Additionally, the potential for an Accessory Dwelling Unit (ADU) conversion enhances its investment appeal—an exceptional and rare asset in this thriving community.
Condition Rating
Good
This triplex, built in 1920, presents a mixed condition. While the description highlights that two of the three units are 'newly remodeled' or 'fully renovated,' suggesting recent updates within the last 5-15 years, one unit (likely the front 2-bed/2-bath) clearly features an outdated kitchen with older appliances, cabinets, and linoleum flooring, as seen in the images. The renovated units appear to have modern finishes like recessed lighting and updated flooring. The property is well-maintained externally. The presence of recently renovated units aligns with the 'Good' criteria of being extensively renovated within 5-15 years, even though not all components across all units are new, preventing an 'Excellent' rating.
Pros & Cons
Pros
Income-Generating Triplex: This property is an exceptional owner-user opportunity, allowing the new owner to reside in a remodeled unit while tenant contributions from the other units help offset mortgage costs, providing immediate income.
ADU Conversion Potential: The property offers significant future value and income enhancement through the potential for an Accessory Dwelling Unit (ADU) conversion, a rare and valuable asset.
Ample Onsite Parking: The inclusion of onsite parking with four enclosed garages provides a substantial advantage, offering convenience, security, and added value for tenants.
Partially Renovated Units: One unit is newly remodeled, and another is fully renovated, including indoor laundry facilities, reducing immediate capital expenditure for a portion of the property.
Versatile Unit Mix: The triplex features a diverse unit mix (2-bed/2-bath with bonus room, renovated 1-bed/1-bath, and studio), catering to a wider range of potential tenants.
Cons
Age of Property: Built in 1920, the property is over 100 years old, which may imply outdated infrastructure (plumbing, electrical systems) and a higher likelihood of requiring significant capital improvements in the future.
Potential for Deferred Maintenance: While some units are renovated, the description does not confirm a full renovation of the entire property, suggesting other areas or core systems (e.g., roof, foundation) might have deferred maintenance needs.
Ongoing Maintenance Costs: Older properties typically incur higher ongoing maintenance and repair costs compared to newer constructions due to the age of materials and systems.