2232 S Grand Ave
San Pedro, CA 90731
2230, 2232 & 2234 S Grand · Multifamily Property For Sale · 3 Units

Perfect for the 1031 buyer, Savvy Investor or Owner User (5% Cap on Proforma). The property has been passively managed for over 2-years. The two units at the rear of the property are not subject to Rent Control and the front unit is Exempt (Significantly Improved). All units are below Market Rent. All tenants are Month-To-Month. The two rear units have been renovated down to the studs. All units are separately metered for gas & electric. Front unit pays Water/Sewer as well. There are no common areas, amenities or shared access points. All units have separate garages with Washer/Dryer hook-ups. The property does not require immediate capital improvements or deferred maintenance costs. The units are distinctly divided by cinder block fences. The 2 units at the rear of the property are both 1BD/1BA consisting of 660 sf (built 1987). They each have an attached single-space garage. The garage has direct access to an interior staircase leading to the living area. The Units only share one double thickness common wall. Each unit has a private balcony and courtyard. The front unit is 2BD/2BA consisting of 2,020 sf (built 1920/87). There is a private gated front-yard with two wide side-yards. A short walkway provides private direct access to a detached two-car garage to the rear of the property safely situated between the two single-spot garages. The unit is somewhat dated, which is reflected in the market rent. If updated, there is potential for a significant increase in market rent.