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Six-Unit Apartment Property
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224 S Grand Avenue, San Pedro, CA 90731

Three separate structures include a fourplex, detached residence, and apartment above a garage.

Property SizeContact for details
Days on Market142

Property Features for 224 S Grand Avenue

General Information

Standard status Active
Property subtype Multifamily
Zoning Assessor

Additional Details

Multifamily Units 6

Building Details

Buildings 3
Stories 1
Units 6
Listing Agency: Peak Comercial
Listed By: Luis Alvarez · License #DRE#01210144
Source: Crexi
Added: Apr 16 Changed: Sep 3 Last Checked: Sep 1 at 4:58PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peak Comercial

Investment Insights

Based on property information with market context.

This six-unit apartment property is arranged across three separate structures: a fourplex, a detached two-bedroom, one-bath single-family residence, and a one-bedroom, one-bath apartment positioned above the garage. The property also includes two one-car garages, both scheduled for delivery vacant. One garage comes with approved plans for an ADU, creating an option to expand the existing unit count. One apartment may also be delivered vacant at closing.

The property is currently tenant-occupied and located near the waterfront, local dining, and major transportation routes. It is also situated near the West Harbor redevelopment in San Pedro, placing the asset within an area identified in the property information as experiencing ongoing growth and redevelopment.

Key Highlights

  • Six‑unit property spanning three separate structures
  • Fourplex plus detached 2‑bed/1‑bath residence
  • 1‑bed/1‑bath apartment above the garage

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Veterinary Clinic Tanning Salon Clothing & Fashion Store Butcher Restaurant (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

2,435
Businesses Nearby

Demographics for 90731, CA

61,270
Population
24,477
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
81%
High-School Grad
9.3 sq mi
ZIP Area
6,588
Density / Sq Mi
$71,936
Median Household Income
$41,324
Median Earnings
$1,645
Median Rent
$808,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Three separate structures include a fourplex, detached residence, and apartment above a garage.
Where is this apartment building located?
The property is located at 224 S Grand Avenue San Pedro, CA.
What is the asking price?
The asking price for this property is $1,995,888.
What are key features of this property?
This property features: Six‑unit property spanning three separate structures; Fourplex plus detached 2‑bed/1‑bath residence; 1‑bed/1‑bath apartment above the garage
More about this property
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