1504 S Grand, San Pedro, California 90731, San Pedro, 90731 - bed, bath
1504 S Grand
San Pedro, California 90731
Property Price
SUMMARY
Analysis of 1504 S Grand, San Pedro, California 90731 is currently available with a list price of $999,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Pedro Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is well-maintained with significant recent capital improvements including a new roof (2025) and new vinyl windows. However, based on the 1972 build date and the presence of original features like the Palos Verdes stone fireplace, the interiors—specifically kitchens and bathrooms—appear dated and lack recent full-scale renovations, placing it in the fair category.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
- Versatile Multi-Unit Configuration
The property features a rare triplex layout with a large 3-bedroom owner's unit and two additional rentals, offering an ideal opportunity for multi-generational living or an owner-occupant to significantly offset their mortgage.
- Significant Capital Improvements
With a new roof installed in 2025, all-new vinyl windows, and upgraded heating systems, the property minimizes immediate deferred maintenance costs and improves energy efficiency for the new owner.
CONSRISKS & DEFICIENCIES
- Below-Market Rental Yields
The current rental rates for the studio and two-bedroom units are significantly below market value, which may present a challenge for immediate cash flow optimization due to local rent stabilization ordinances.
- Dated Interior Elements
Built in 1972 and featuring original elements like the Palos Verdes stone fireplace, the property likely requires cosmetic modernization to attract premium tenants and maximize its competitive position in the market.
About 1504 S Grand
Well kept 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!!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1972
- Lot Size
- 5,266 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Pedro Unified Schools
Fifteenth Street Elementary School
Grades K-5 • 0.2 mi
Cabrillo Avenue Elementary School
Grades K-5 • 0.6 mi
Leland Street Elementary School
Grades K-6 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 3,343 | 2,320 | 70% |
| Lot Size | 5,266 | 5,001 | 63% |
| Price | $999.0K | $940.0K | 53% |
| Price per sq ft | $299 | $422 | 19% |
| Built year | 1972 | 1928 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 177 | 2% |
Pricing History
Listed for Sale
Feb 19, 2026
$999,000
Initial Listing
Sold
Oct 30, 2002
$345,000
Public Record
Sold
Aug 1, 1995
$206,000
Public Record