1504 S Grand, San Pedro, California 90731, San Pedro, 90731 - 6 bed, 4 bath
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San Pedro, California 90731
This Strategic Residential Income Triplex is listed at $999,000, offering a high-potential "house hack" opportunity near the Los Angeles Waterfront Promenade. While priced above the $878,862 Fair Market Value, the property’s Condition Rating of 4 is supported by significant upgrades, including a new 2025 roof, vinyl windows, and private patio spaces. The asset includes a large 3-bedroom owner’s unit and two rental units on a corner lot. Access to Taper Avenue Elementary (9/10) and Palos Verdes Peninsula High (10/10) ensures long-term demand. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1504 S Grand Subject | $999,000* List Price | 6 | 4 | 3,343 | $263 | - |
A 684 W 23rd Street Sold | $1,067,625 | 0 | 0 | 3,266 | $327 | 0.5 mi |
B 343 W 12th Street Sold | $1,150,000 | 0 | 0 | 4,090 | $281 | 0.4 mi |
C 1509 S Palos Verdes Street Sold | $1,150,000 | 0 | 0 | 3,556 | $323 | 0.5 mi |
D 586 W 1st Street Sold | $850,000 | 0 | 0 | 3,428 | $248 | 0.9 mi |
E 534 W 19th Active Under Contract | $995,000 List Price | 0 | 0 | 4,000 | $249 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a well-maintained 1972 triplex that benefits from significant recent capital improvements, including a new roof (2025), new vinyl windows, and upgraded heating systems. While the exterior and major systems show proactive maintenance, the interior finishes, kitchens, and bathrooms reflect the property's age and long-term tenant occupancy, appearing functional but stylistically outdated. It meets the 'fair' criteria as an aged property that is well-kept but requires cosmetic modernization to reach current market standards.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
This triplex features a large 3-bedroom owner's unit plus two additional rental units, offering a versatile setup for either a multi-generational family or an investor seeking consistent cash flow.
The property has been well-maintained with significant recent improvements, including a new roof installed in 2025, new vinyl windows, and upgraded heating systems, reducing immediate maintenance concerns.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
The current rental rates, particularly for the two-bedroom unit at $1,344, appear to be significantly below market value, which may limit immediate ROI until units can be repositioned.
With all units currently occupied by long-term tenants, a buyer looking for immediate owner-occupancy may face challenges or delays depending on the outcome of the owner's ongoing tenant discussions.
Only $50,000. Down Payment. OWNER IS IN DISCUSSIONS WITH CURRENT TENANTS TO PROVIDE AN EMPTY UNIT FOR OWNER OCCUPANCY. Great Home plus rental income property. Very well maintained Residential Income property with an Extra Large 3 Bedroom 2 Bath Owners unit with a large Family Room and Custom Palos Verdes Stone Fireplace. Prime Corner location a few blocks from the New Los Angeles Waterfront Promenade and Music Venue. Perfect Investment for a Large Family with 2 additional rental units. One Spacious 2 Bedroom 1 Bathroom Upstairs, and Large Studio Apartment on the Ground Level. All of the units have a private yard area. Both the 3 Bedroom owners Unit and the Upstairs 2 Bedroom apartment have private enclosed Garages with Washer and Dryer Hookups. New roof in 2025 and all new vinyl windows. Upgraded forced air heater in the 3 bedroom house, new wall heater in the two-bedroom apartment. Long Term Excellent Tenants. 3 Bedroom home currently rented at $2674. Per month. 2bedroom 1bath upstairs unit rented for 1344. per month. Large studio apartment rented for $1300.00 per month. Priced for immediate sale. Hurry this one won't last!!
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 0.0 | 98% |
| Baths | 4.0 | 0.0 | 91% |
| Square foot | 3,343 | 2,338.5 | 72% |
| Lot Size | 5,266 | 5,134 | 50% |
| Price | $999.0K | $1.01M | 50% |
| Price per sq ft | $299 | $462 | 17% |
| Built year | 1972 | 1928 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 210 | 2% |
Mar 15, 2026
$999,000
Initial Listing
Oct 30, 2002
$345,000
Public Record
Aug 1, 1995
$206,000
Public Record