
San Pedro, California 90731
This Turnkey Duplex represents a Strong Value Opportunity, listed at $899,900—positioned well below the $978,243 Fair Market Value by 8%. This valuation gap provides $78,343 in Instant Equity. Featuring a Condition Rating of 3, the property includes updated kitchens and baths, private garages, and a redone outdoor patio. With its vacant status and strong rental potential, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage supplemental income in a prime coastal market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1316 S Grand Subject 0 bd · 0 ba · 2,226 sqft · $439 | $899,900* List Price | 0 | 0 | 2,226 | $439 | - |
A 1625 S Mesa Sold 0 bd · 0 ba · 1,991 sqft · $427 · 0.3 mi | $850,000 | 0 | 0 | 1,991 | $427 | 0.3 mi |
B 782 W 14th Street Sold 0 bd · 0 ba · 1,664 sqft · $400 · 0.3 mi | $665,000 | 0 | 0 | 1,664 | $400 | 0.3 mi |
C 782 W 14th Street Sold 2 bd · 2 ba · 1,664 sqft · $400 · 0.3 mi | $665,000 | 2 | 2 | 1,664 | $400 | 0.3 mi |
D 1240 W 22nd St Sold 4 bd · 2 ba · 1,792 sqft · $519 · 1.0 mi | $930,000 | 4 | 2 | 1,792 | $519 | 1.0 mi |
E 1240 W 22nd St Sold 0 bd · 0 ba · 1,792 sqft · $519 · 1.0 mi | $930,000 | 0 | 0 | 1,792 | $519 | 1.0 mi |
F 1141 W 21st Sold 3 bd · 3 ba · 1,564 sqft · $448 · 0.9 mi | $700,000 | 3 | 3 | 1,564 | $448 | 0.9 mi |
G 549 W 12th Street Active 5 bd · 4 ba · 2,152 sqft · $390 · 0.1 mi | $839,000 List Price | 5 | 4 | 2,152 | $390 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1925, the property has undergone recent renovations including new flooring, fresh interior and exterior paint, and updated kitchens and bathrooms. The interior features modern fixtures and recessed lighting, presenting a turnkey, move-in ready condition consistent with a well-maintained property renovated within the last 5-15 years.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property features extensive recent upgrades, including modernized kitchens, bathrooms, and new flooring, allowing for immediate occupancy without additional renovation costs.
Delivered completely vacant, this duplex offers investors the rare ability to set market rents immediately or provides an ideal house-hacking opportunity for owner-occupants.
Originally built in 1925, the property may require ongoing maintenance of aging infrastructure and systems common to vintage homes, despite the recent cosmetic updates.
The property is zoned for several nearby schools with lower performance ratings, which could potentially limit the pool of long-term family tenants.
Welcome to 1316 S Grand Avenue, a beautifully updated duplex in the heart of San Pedro. Delivered completely vacant at close of escrow, this property is the perfect opportunity for both investors and owner-occupants seeking immediate potential. Each unit features 2 bedrooms and 1 bathroom, with its own garage, and the property has undergone several recent upgrades including fresh interior and exterior paint, new flooring, updated kitchens and baths, modern fixtures, a redone outdoor patio, and a newly covered stair railing that enhances both safety and curb appeal. With a gross annual rent potential of $63,600, the property offers a strong pro forma return, boasting a GRM of 14.54 and an approximate CAP Rate of 5.8% at the 899,900 asking price. The vacancy allows investors to set market rents immediately, while owner-occupants can take advantage of the opportunity to live in one unit while renting out the other for strong supplemental income. Located in Central San Pedro, this duplex offers convenient access to the LA Waterfront, freeways, schools, dining, and shopping. With its turnkey condition, income-producing potential, and prime location, 1316 S Grand Avenue is a rare opportunity in one of Southern California’s most exciting coastal markets. Schedule your private tour today and see all that this San Pedro property has to offer.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.8 |
| Baths | 0.0 | 2.3 |
| Square foot | 2,226 | 2,591.526 |
| Lot Size | 4,506 | 5,309.842 |
| Price | $899.9K | $912.4K |
| Price per sq ft | $404 | $383 |
| Built year | 1925 | 1953 |
| HOA | $0 | $0 |
| Days on market | 30 | 78 |
Sep 25, 2026
$899,900
Initial Listing
Aug 26, 2016
$570,000
Public Record
Feb 22, 2001
$185,500
Public Record
May 16, 1996
$125,000
Public Record