$699,000
PENDING $100K PRICE DROP

322 S Grand Ave San Pedro, CA 90731

Estimated payment $4,442/month

Total Views 9,202
3 Beds
3 Baths
1,452 Sq Ft
$481 Price per Sq Ft

Highlights

  • Laundry Room
  • Wall Furnace
  • 1-Story Property

About This Home

Welcome to 322 S Grand Avenue, a charming detached duplex nestled in the desirable Barton Hill area of San Pedro. This well-maintained property comprises two thoughtfully updated units, each offering comfortable living spaces and modern amenities. The detached front unit consists of 2bed, 2bath. Spacious living areas with contemporary finishes, ample natural light, and a well-equipped kitchen. The detached rear unit consists of 1bed, 1bath. Cozy living space with updated interiors, ideal for singles or couples seeking a comfortable home. Both units are currently occupied, ensuring immediate rental income. The property is approved for Section 8 housing, providing potential for stable and reliable tenants. This property presents a unique opportunity for investors seeking a turnkey investment in a vibrant and growing community. With its prime location, updated units, and tenant-occupied status, 322 S Grand Avenue is poised to provide a steady income stream and long-term value.

Listing Agent

Daniel Assayag

Vista Sotheby’s International Realty License #01762501 Listed on: 02/12/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,972

Year Built

  • Built in 1923

Lot Details

  • 4,798 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Duplex

Interior Spaces

  • 1,452 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Utilities

  • Wall Furnace

Listing and Financial Details

  • Legal Lot and Block 15 / 4
  • Tax Tract Number 207
  • Assessor Parcel Number 7451018012

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $3,000
  • Trash Expense $1,000
  • Water Sewer Expense $1,000
  • New Taxes Expense $10,000
  • Operating Expense $6,200
  • Gross Income $60,000
  • Net Operating Income $45,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,972

Year Built

Built in 1923

Lot Details

0

Listing Details

  • CapRate: 5.60
  • Price Per Unit: 349500
  • Property Attached: No
  • Water Sewer Expenses: 1000.00
  • Zoning: LAR2
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7451018012
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 481.40

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4798.00
  • Lot Size Acres: 0.1101

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 60000.00
  • Gross Scheduled Income: 60000.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 4798.0000 Square Feet
  • Net Operating Income: 45000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 15000.00
  • Rent Control: Yes
  • Total Actual Rent: 5000.00
  • Total Expenses: 6200.00

Tax Info

  • New Taxes Expense: 10000.00
  • Tax Block: 4
  • Tax Census Tract: 2075.02
  • Tax Lot: 15
  • Tax Tract Number: 207...

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,972 $571,319 $443,510 $127,809
2024 $6,972 $560,117 $434,814 $125,303
2023 $6,838 $549,136 $426,289 $122,847
2022 $2,969 $233,615 $231,799 $1,816
2021 $2,927 $229,035 $227,254 $1,781
2020 $2,952 $226,687 $224,924 $1,763
2019 $2,842 $222,243 $220,514 $1,729
2018 $2,772 $217,887 $216,191 $1,696
2016 $2,601 $209,428 $207,797 $1,631
2015 $2,563 $206,283 $204,676 $1,607
2014 $2,584 $202,243 $200,667 $1,576
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2025 06/11/25 Pending -- -- --
05/15/2025 05/15/25 Off Market $699,000 -- --
04/25/2025 04/25/25 For Sale $699,000 0.0% $481 / Sq Ft
03/14/2025 03/14/25 Off Market $699,000 -- --
03/14/2025 03/14/25 Pending -- -- --
02/24/2025 02/24/25 Price Changed $699,000 -12.5% $481 / Sq Ft
02/12/2025 02/12/25 For Sale $799,000 0.0% $550 / Sq Ft
03/28/2023 03/28/23 Rented $2,000 0.0% --
01/12/2023 01/12/23 For Rent $2,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Deed -- Accommodation/Courtesy Recordi
Deed -- Accommodation/Courtesy Recordi
Gift Deed -- Accommodation/Courtesy Recordi
Grant Deed -- None Available
Interfamily Deed Transfer -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,311 New Conventional
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25021317

California Regional Multiple Listing Service (CRMLS)

APN: 7451-018-012