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Listed by Jignesh Jack Patel • Sage Real Estate Group Inc
$879,999
Est. payment /mo
2,114 SqFt
Price Dropped by $20K
1211 Grand South Avenue San Pedro, CA 90731
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,114 sqft
Price per Sqft $416
MLS Listing ID RS-26069107
Year Built 1920
Lot Size 4,501 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Rare opportunity to acquire a well-positioned triplex in the heart of San Pedro, offering strong in-place income with additional long-term upside.
The property features a desirable unit mix, including a spacious front unit with a 2 bed / 1.5 bath layout, indoor laundry, and a bonus room, providing added flexibility. The rear units consist of a studio and a fully renovated 1 bed / 1 bath, both equipped with in-unit laundry for tenant convenience. The recently remodeled 1 bed / 1 bath unit has now been leased, delivering immediate stabilized income.
Additional highlights include four enclosed garages, a significant amenity that enhances tenant appeal and future value.
From an investment perspective, the property offers clear upside potential through an ADU conversion, allowing a new owner to further increase cash flow and maximize the site's potential.
Located in a strong rental market near the ongoing San Pedro waterfront redevelopment, this is a well-rounded asset suited for investors seeking both stable income and future growth. Reach out today for more information.
The property features a desirable unit mix, including a spacious front unit with a 2 bed / 1.5 bath layout, indoor laundry, and a bonus room, providing added flexibility. The rear units consist of a studio and a fully renovated 1 bed / 1 bath, both equipped with in-unit laundry for tenant convenience. The recently remodeled 1 bed / 1 bath unit has now been leased, delivering immediate stabilized income.
Additional highlights include four enclosed garages, a significant amenity that enhances tenant appeal and future value.
From an investment perspective, the property offers clear upside potential through an ADU conversion, allowing a new owner to further increase cash flow and maximize the site's potential.
Located in a strong rental market near the ongoing San Pedro waterfront redevelopment, this is a well-rounded asset suited for investors seeking both stable income and future growth. Reach out today for more information.
Location
State CA
County Los Angeles
Area 185 - Plaza
Zoning LARD1.5
Interior
Laundry Inside
Exterior
Garage Spaces 4.0
Pool None
Community Features Sidewalks
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
NEARBY SCHOOL & BUSINESS
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