1504 S Grand, San Pedro, California 90731, San Pedro, 90731 - 3 bed, 2 bath
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San Pedro, California 90731
This Triplex Residential Income Property is a High-Potential Investment Opportunity, listed at $969,000—positioned above the $879,751 Fair Market Value. While currently priced above market, the property offers significant Multi-Unit Income Versatility and Recent Capital Improvements, including a 2025 roof. With a Condition Rating of 4, the asset provides a stable foundation for Buy-and-Hold Investors or Owner-Occupants utilizing a house-hacking strategy. Proximity to the New Waterfront project and top-rated schools like Taper Avenue Elementary enhances long-term value for this income-producing asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1504 S Grand Subject | $969,000* List Price | 3 | 2 | 3,343 | $290 | - |
A 534 W 19th Sold | $980,000 | 0 | 0 | 4,000 | $245 | 0.2 mi |
B 221 W 10th Street Sold | $1,110,000 | 0 | 0 | 3,730 | $298 | 0.6 mi |
C 841 W 25th Street Sold | $1,200,000 | 0 | 0 | 3,603 | $333 | 0.7 mi |
D 684 W 23rd Street Sold | $1,067,625 | 0 | 0 | 3,266 | $327 | 0.5 mi |
E 464 W 17th St Active | $1,150,000 List Price | 0 | 0 | 3,224 | $357 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the property boasts significant recent capital improvements including a new roof (2025), new vinyl windows, and upgraded HVAC systems, the interior remains dated. Photos show 1970s-era cabinetry and popcorn ceilings. Built in 1972, it fits the 'Fair' criteria as a well-maintained but dated asset requiring cosmetic kitchen and bath updates.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
This triplex configuration offers exceptional flexibility for either a pure investment play or an owner-occupant 'house-hacking' scenario, featuring a large 5-bedroom main home supplemented by two additional rental units for consistent cash flow.
The property boasts significant recent upgrades including a new roof (2025), new vinyl windows, fresh interior paint, and upgraded forced air heating, which minimizes immediate deferred maintenance costs for the buyer.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
The property has been on the market for over 60 days and has already undergone a $30,000 price reduction, suggesting the initial pricing may have been aggressive relative to current buyer demand.
Despite its coastal city location and proximity to the harbor, the property is noted as having no views, which may limit its competitive edge against other San Pedro properties offering ocean or harbor vistas.
EXTRA LARGE 3 BEDROOM 2 BATHROOM SINGLE FAMILY HOME WITH FAMILY ROOM, PLUS 2 ADDITIONAL RENTALS. THIS 3 BEDROOM 2 BATH HOME WILL BE IMMEDIATELY AVAILABLE AND IN MOVE IN READY CONDITION FOR OWNER OCCUPANCY!! The Spacious 3 Bedroom 2 Bath home has an open kitchen and eat-at bar that opens to dining room, and a Large Family room and Living room with a split fireplace .The spacious Master bedroom is ensuite with storage cupboards and a large wall of closets and forced air heating. This home also comes with a Private Patio with sliding Door Access from the kitchen area, perfect for entertaining. This home also comes with a Private Garage with direct access and washer dryer hookup. Located in a Family friendly neighborhood, this property can be yours for a Low Down Payment and provide additional rental income to help with the monthly mortgage payments. The 2 additional rental units include long term tenants with steady rental income and plenty of upside rent potential. The 3 Bedroom 2 Bath home can be rented for $3800.00 per month. The large 2 bedroom 1 bath apartment over the garages rents for $1344.00 while the studio apartment rents for an additional $1250 per month, making this property an Outstanding Investment with monthly income of $6394. Prime location only 8 miles to Long Beach, 23 miles to Downtown L.A., and 20 miles to L.A.X. A short commute to many cities. Located near the New Waterfront project with restaurants, shops, museums, and music venues, the property has valuable nearby access to the 110 freeway. This property has been well maintained. New roof 2025, new vinyl windows, fresh paint. Raised foundation and well-insulated, help lower energy costs. Two separate electric and gas meters. The 2 additional rentals include a large 2 Bedroom 1 Bathroom rental above the 2 car garage. This unit has one of the garages with a private washer dryer hookup and a Private Patio. The other unit is a large Studio apartment that has two rooms, plus a full bathroom. The Kitchen is open with den-like seating area, gas range, refrigerator and plenty of cupboard space. The “Bedroom” has a 3’ deep large closet for clothing and storage. This unit has a front and back door and a private yard. Key things to know: Great Freeway Access – near Long Beach, L.A.X. and Downtown L.A. Popular friendly family neighborhood. Additional rental income for Homeowner. Near Oceanfront entertainment venue and Downtown San Pedro Events.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.6 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 1.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 3,343 | 1,676 |
| Lot Size | 5,266 | 5,101 |
| Price | $969.0K | $998.9K |
| Price per sq ft | $290 | $457 |
| Built year | 1972 | 1923 |
| HOA | $0 | $0 |
| Days on market | 129 | 108 |
May 3, 2026
$969,000
$999,000
-3% Price Drop
Initial Listing
Mar 15, 2026
$999,000
Initial Listing
Oct 30, 2002
$345,000
Public Record
Aug 1, 1995
$206,000
Public Record