1504 S Grand, San Pedro, California 90731, San Pedro, 90731 - 6 bed, 4 bath
Loading property details...
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 | 6 | 4 | 3,343 | $263 | - |
A 534 W 19th Sold | $980,000 | 0 | 0 | 4,000 | $245 | 0.2 mi |
B 586 W 1st Street Sold | $850,000 | 0 | 0 | 3,428 | $248 | 0.9 mi |
C 684 W 23rd Street Sold | $1,067,625 | 0 | 0 | 3,266 | $327 | 0.5 mi |
D 343 W 12th Street Sold | $1,150,000 | 0 | 0 | 4,090 | $281 | 0.4 mi |
E 1509 S Palos Verdes Street Sold | $1,150,000 | 0 | 0 | 3,556 | $323 | 0.5 mi |
F 358 W 17th Sold | $1,120,000 | 0 | 0 | 4,547 | $246 | 0.3 mi |
G 338 W 9th Street Active | $949,000 List Price | 0 | 0 | 2,766 | $343 | 0.5 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.
THIS FAMILY HOME IN A FAMILY- FRIENDLY NEIGHBORHOOD COMES WITH RENTAL INCOME, AND CAN BE YOURS FOR A LOW DOWN PAYMENT. BUILD EQUITY AND CREATE CONSISTENT CASH FLOW. 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. Take advantage of this income producing TRI-PLEX property. Upside options to increase the rent, or to live in one unit, and collect rents from the other two units for help with the mortgage. Well maintained five-bedroom four-bathroom residential income property. New roof 2025, new vinyl windows, fresh paint. Raised foundation and well-insulated help lower energy costs. Two separate electric and gas meters. Large spacious house with open kitchen and eat-at bar opens to dining room, Large family room and a living room with a split fireplace. The spacious Master bedroom is ensuite with storage cupboards and a large wall of closets. Upgrades forced air heater. Two large bedrooms with extra roomy closets, and a full guest-bathroom to share. Two new vinyl sliding glass doors lead to a private courtyard. Garage with washer/dryer hook-ups Large Two-bedroom one bathroom apartment has an open kitchen with attached dining room, large living room, and two very roomy bedrooms. The Gas heater, and new vinyl windows are a recent upgrade. Small private yard space. Garage with washer dryer hook-ups. Studio apartment has two rooms plus a full bathroom, 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. The studio has a gated fenced private yard. Long term tenants with current rents at $2674 house, $1344 2-bedroom apt., $1300 studio per month. 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 0.0 | 92% |
| Baths | 4.0 | 0.0 | 89% |
| Square foot | 3,343 | 2,320 | 73% |
| Lot Size | 5,266 | 5,002 | 57% |
| Price | $969.0K | $940.0K | 51% |
| Price per sq ft | $290 | $414 | 22% |
| Built year | 1972 | 1946 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 83 | 214 | 8% |
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