
San Pedro, California 90731
Analysis of 224 S Grand Avenue, San Pedro, California 90731 is currently available with a list price of $1,995,888. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Property is move-in ready.
Despite the 1925 build date, the property shows clear evidence of significant interior renovations. Kitchens feature updated white shaker cabinetry, stone countertops, and stainless steel appliances, while bathrooms have been modernized with subway tiling and newer fixtures. The units appear well-maintained, functional, and move-in ready for tenants, consistent with a 5-15 year renovation cycle.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property includes approved plans for a garage conversion into an ADU, providing a clear path to increase monthly rental income by an estimated $1,750.
Positioned near the massive West Harbor redevelopment project and San Pedro waterfront, the property is ideally located to capture significant long-term appreciation and high tenant demand.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3210, other record living area = 2918.
Built in 1925, the aging structures may require significant ongoing maintenance or costly upgrades to electrical, plumbing, and mechanical systems to meet modern standards.
The immediate elementary schools, such as Barton Hill and Cabrillo Avenue, have low performance ratings, which may limit the property's appeal to families prioritizing education.
Rare 6-Unit Opportunity with ADU Upside | Prime San Pedro Near West Harbor Exceptional opportunity to own a well-positioned 6-unit income property in the rapidly growing San Pedro market, just moments from the highly anticipated West Harbor. This unique offering features three separate structures: a fourplex, a detached single-family residence (2 bed / 1 bath), and a 1 bed / 1 bath unit above the garages—totaling 5 bedrooms, 2 single units, and 6 bathrooms. A major highlight of this property is the additional ADU potential, with one garage delivered with approved ADU plans, offering a projected +$1,750/month in additional rental income. Both one-car garages will be delivered unoccupied, providing immediate flexibility for the new owner (one unit may also be delivered vacant at close of escrow). The diverse unit mix is a significant advantage, allowing for multiple rental strategies and helping reduce vacancy risk—ideal for both seasoned investors and those entering the multifamily space. The property is currently tenant-occupied with strong, consistent rental demand and a history of low vacancy, offering stable in-place income with clear upside. Located near the San Pedro waterfront, dining, and major transportation routes, the property is well-positioned to benefit from ongoing redevelopment and long-term growth in the area. Strong current income + ADU upside + flexible unit mix = a smart investment in a high-growth coastal market.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-5 • 0.4 mi
Grades K-6 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 2% |
| Baths | 0.0 | 2.0 | 2% |
| Square foot | 3,210 | 1,257 | 97% |
| Lot Size | 4,997 | 5,001 | 45% |
| Price | $2.00M | $818.0K | 98% |
| Price per sq ft | $622 | $644 | 47% |
| Built year | 1925 | 1929 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 6 | 187 | 2% |
Apr 16, 2026
$1,995,888
Initial Listing
Mar 18, 2016
$810,000
Public Record
Jan 31, 2014
$575,000
Public Record
Sep 29, 2003
$440,000
Public Record
Jun 30, 1999
$183,000
Public Record