224 S Grand Avenue, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$1,285,888
224 S Grand Avenue, San Pedro, California 90731
0Bed
0Bath
3,210Sqft
4,997Lot
Price Vs. Estimate
The estimated value ($1,283,080.115) is $2,807.885 (0%) lower than the list price ($1,285,888). This property may be overpriced.
Key pros and cons
Top Pros:
Investment Opportunity: The property is a six-unit complex with a mix of unit types, offering a diverse income stream.
Top Cons:
Age of Property: Built in 1925, the property may require ongoing maintenance and potential upgrades to meet modern standards.
Compared to the nearby listings
Price:$1.29M vs avg $862.5K (+$423,438)89%
Size:3,210 sqft vs avg 1,421 sqft99%
Price/sqft:$401 vs avg $6529%
More Insights
Built in 1925 (100 years old).
Condition: The property was built in 1925. The images show that the units are maintained but outdated. The kitchens and bathrooms appear functional but are not modern. While the property is described as well-maintained, the age suggests that it requires minor updates to meet current standards.
Year Built
1925
Close
-
List price
$1.29M
Original List price
$1.39M
Price/Sqft
$401
HOA
-
Days on market
-
Sold On
-
MLS number
CV24212674
Home ConditionFair
Features
View-
About this home
Prime San Pedro Investment opportunity. Introducing 224 S. Grand Ave a Six unit complex that consists of 650 sq ft Single Family Residence, with a 2,160 sq ft Fourplex and, a 400 sq ft single unit on top of a two car detached garage 100 % occupied with waiting list, separately metered, well maintained and Professionally managed property, with current and up to date rents. steady cash flow. Less than four miles from White Point Beach, centrally located to the 110 Freeway, Pacific Coast Highway and the 405 Freeway. --
Nearby schools
2/10
Barton Hill Elementary School
Public,•K-6•0.3mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.4mi
5/10
Bandini Street Elementary School
Public,•K-6•0.6mi
5/10
Fifteenth Street Elementary School
Public,•K-5•0.8mi
9/10
Park Western Place Elementary School
Public,•K-5•1.1mi
4/10
Seventh Street Elementary School
Public,•K-5•1.3mi
5/10
Leland Street Elementary School
Public,•K-6•1.3mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.4mi
9/10
Taper Avenue Elementary School
Public,•K-5•1.5mi
7/10
White Point Elementary School
Public,•K-6•2.1mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•2.3mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•2.5mi
8/10
Mira Catalina Elementary School
Public,•K-5•2.5mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.5mi
6/10
Harbor City Elementary School
Public,•K-5•3.7mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.8mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.2mi
8/10
Miraleste Intermediate School
Public,•6-8•2.2mi
6/10
Alexander Fleming Middle School
Public,•6-8•3.8mi
4/10
Hudson K-8
Public,•K-8•5.7mi
6/10
San Pedro Senior High School
Public,•9-12•0.9mi
5/10
Phineas Banning Senior High School
Public,•9-12•4.0mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•4.4mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•5.5mi
3/10
Cabrillo High School
Public,•9-12•5.6mi
8/10
Palos Verdes High School
Public,•9-12•7.9mi
Price History
Date
Event
Price
06/30/99
Sold
$183,000
03/18/16
Sold
$810,000
01/31/14
Sold
$575,000
09/29/03
Sold
$440,000
Condition Rating
Fair
The property was built in 1925. The images show that the units are maintained but outdated. The kitchens and bathrooms appear functional but are not modern. While the property is described as well-maintained, the age suggests that it requires minor updates to meet current standards.
Pros & Cons
Pros
Investment Opportunity: The property is a six-unit complex with a mix of unit types, offering a diverse income stream.
High Occupancy: The property is 100% occupied with a waiting list, indicating strong rental demand and consistent cash flow.
Prime Location: Located near beaches, freeways (110, Pacific Coast Highway, and 405), providing convenient access to amenities and transportation.
Cons
Age of Property: Built in 1925, the property may require ongoing maintenance and potential upgrades to meet modern standards.
Unit Size Variation: The units vary significantly in size (400 sq ft to 650 sq ft), which may affect tenant appeal and rental rates.