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1504 S. Grand Avenue San Pedro 1504 S Grand Ave 3 Unit Apartment Building $1,373,490 CAD ($457,830 CAD/Unit) 4.64% Cap Rate San Pedro, CA 90731
Investment Highlights
- Ideal for Owner Occupancy. Seller will credit the Buyer Relocation Assistance to vacate the unit of their choice. Please call Agent for details
Executive Summary
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.
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.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$90,455
|
$27.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,455
|
$27.06
|
| Taxes |
-
|
-
|
| Operating Expenses |
$26,771
|
$8.01
|
| Total Expenses |
$26,771
|
$8.01
|
| Net Operating Income |
$63,684
|
$19.05
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $90,455 |
| Annual Per SF | $27.06 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $90,455 |
| Annual Per SF | $27.06 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $26,771 |
| Annual Per SF | $8.01 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $26,771 |
| Annual Per SF | $8.01 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $63,684 |
| Annual Per SF | $19.05 |
Property Facts
| Price | $1,373,490 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $457,830 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.64% | Building Size | 3,343 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 3 | Year Built | 1971 |
| Property Type | Multifamily | Parking Ratio | 0.67/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR2 - Restricted Density Multiple Dwelling | ||
| Price | $1,373,490 CAD |
| Price Per Unit | $457,830 CAD |
| Sale Type | Investment |
| Cap Rate | 4.64% |
| Sale Condition | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 3,343 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | LAR2 - Restricted Density Multiple Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,790 CAD | 1,700 |
| 2+1 | 1 | $1,905 CAD | 1,000 |
| Studios | 1 | $1,843 CAD | 650 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7454-032-001 | Total Assessment | $696,711 CAD |
| Land Assessment | $403,893 CAD | Annual Taxes | $0 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $292,818 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
7454-032-001
Land Assessment
$403,893 CAD
Improvements Assessment
$292,818 CAD
Total Assessment
$696,711 CAD
Annual Taxes
$0 CAD ($0.00 CAD/SF)
Tax Year
2025
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1504 S. Grand Avenue San Pedro | 1504 S Grand Ave
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