1835 S Grand Avenue $2,050,000

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    1835 S Grand Avenue San Pedro, CA 90731

    • 0 Beds
    • 0 Baths
    • 6,864 sq. ft.
    • Multi-Family
    • MLS# PV20256816
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    Views: 91 Days On Market: 11

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    Property Details

    Calling All Investors! Two parcels each zoned LAR2 being offered together, 1835 and 1845 S. Grand Avenue, each with four spacious 2-bedroom units, containing 16 bedrooms and 8 bathrooms, in 6,864 square feet, combined. The properties are well-maintained, and the upper rear unit of each building has an enormous private patio. The upper front unit of 1835 is currently being made ready to rent, or owner-occupy, and the other three units are leased, with two at or near current market values. 1845, the corner building, is fully rented with long-term tenants at below market rates, with lots of room to grow. Each unit has its own laundry room with washer and dryer hookups, and each building has two 2-car garages, shared by tenants with one garage space for each. Each building has one water heater for 4 units. These units are conveniently located close to the Port's new waterfront development, convenient to downtown San Pedro, parks, beaches, public transportation and the 110 Freeway. These two parcels offer great upside potential for significantly increased future rents. Offered subject to inspection... Drive by only... please do not walk through or bother current tenants. One unit is currently being prepared to rent, and may be available to preview soon, by appointment.

    • General Features
      • Number Of Units Leased 7
      • Number Of Separate Water Meters 0
      • Number Of Separate Electric Meters 8
      • Number Of Separate Gas Meters 8
      • Number Of Units Total 8
      • Year Built 1962
      • County Or Parish Los Angeles
      • Number Of Buildings 2
      • Community Features Curbs,Sidewalks,Street Lights,Suburban
    • Building Features
      • Appliances Gas Oven,Gas Cooktop,Range Hood
      • Cooling None
      • Fireplace Features None
      • Heating Wall Furnace
      • Laundry Features Gas Dryer Hookup,Individual Room,Inside,See Remarks,Washer Hookup
      • Levels Two
    • Property Features
      • Lot Size Acres 0.2
      • Lot Features Corner Lot,Front Yard,Lawn,Level with Street,Rectangular Lot,Level
      • Pool Private Y/N 0
      • View Neighborhood
      • Pool Features None
      • Parking Total 8.00

    Contact

    Matt  Cox

    Matt Cox

    Global Real Estate Advisor

    DRE# 02076282

    Malaga

    Mobile Phone: 903-815-3088

    Neighborhood

    90731 (San Pedro) Demographics

    36 Median Age
    6,635 Population Density (per sq. mile)
    31% College Educated
    $48,697 Estimated Median Income
    6,887 Estimated Total Home Owners
    15,392 Estimated Total Renters
    31% / 69% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    61,046 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $808,000 Median Sales Price
    24 Homes Sold
    36 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,050,000
        2/11/2021 9:24:03 AM Status Changed Source New Value: Pending
        12/28/2020 1:49:42 PM Status Changed Source New Value: Active Under Contract
        12/17/2020 5:28:32 AM Status Changed Source New Value: Active
        12/13/2020 4:49:00 PM New in Database Source New Value: $2,050,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 2/28/2021 4:58:33 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.