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1504 S. Grand Avenue San Pedro 1504 S Grand Ave 3 Unit Apartment Building $1,321,387 CAD ($440,462 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
Only $50,000. Down Payment. OWNER IS IN DISCUSSIONS WITH CURRENT TENANTS TO PROVIDE AN EMPTY UNIT FOR OWNER OCCUPANCY. Great Home plus rental income property. Very well maintained Residential Income property with an Extra Large 3 Bedroom 2 Bath Owners unit with a large Family Room and Custom Palos Verdes Stone Fireplace. Prime Corner location a few blocks from the New Los Angeles Waterfront Promenade and Music Venue. Perfect Investment for a Large Family with 2 additional rental units. One Spacious 2 Bedroom 1 Bathroom Upstairs, and Large Studio Apartment on the Ground Level. All of the units have a private yard area. Both the 3 Bedroom owners Unit and the Upstairs 2 Bedroom apartment have private enclosed Garages with Washer and Dryer Hookups. New roof in 2025 and all new vinyl windows. Upgraded forced air heater in the 3 bedroom house, new wall heater in the two-bedroom apartment. Long Term Excellent Tenants. 3 Bedroom home currently rented at $2674. Per month. 2bedroom 1bath upstairs unit rented for 1344. per month. Large studio apartment rented for $1300.00 per month. Priced for immediate sale. Hurry this one won't last!!
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$87,023
|
$26.03
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$87,023
|
$26.03
|
| Taxes |
-
|
-
|
| Operating Expenses |
$25,755
|
$7.70
|
| Total Expenses |
$25,755
|
$7.70
|
| Net Operating Income |
$61,268
|
$18.33
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $87,023 |
| Annual Per SF | $26.03 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $87,023 |
| Annual Per SF | $26.03 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $25,755 |
| Annual Per SF | $7.70 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $25,755 |
| Annual Per SF | $7.70 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $61,268 |
| Annual Per SF | $18.33 |
Property Facts
| Price | $1,321,387 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $440,462 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 | $1,321,387 CAD |
| Price Per Unit | $440,462 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 | $3,646 CAD | 1,700 |
| 2+1 | 1 | $1,833 CAD | 1,000 |
| Studios | 1 | $1,773 CAD | 650 |
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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 | $679,278 CAD |
| Land Assessment | $393,787 CAD | Annual Taxes | $0 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $285,491 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
7454-032-001
Land Assessment
$393,787 CAD
Improvements Assessment
$285,491 CAD
Total Assessment
$679,278 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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