8-Unit Apartment
930 N Grand, San Pedro, CA 90731
For Sale
$980,000
Pending
A separate vacant parcel accompanies the apartments, with future development subject to buyer verification.
Property Size2,376 SF
Lot Size0.25 Acres
Days on Market47
Property Features for 930 N Grand
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Gross Rent Multiplier
Multifamily Units
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Lyon Stahl Investment Real Estate
Listed By:
Olga Wright · License CA #01315042
(310) 606-2076
Source:
Elliman
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 8 at 7:30AM
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 Lyon Stahl Investment Real Estate
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Investment Insights
Based on property information with market context.
Built in 1930, this apartment property contains eight units on one of two adjacent parcels, which together total approximately 10,802 square feet. Improvements include a new roof, and one unit is expected to be delivered vacant and ready for occupancy. Current income reflects a 9.8 GRM.
The second parcel is vacant; any development potential requires buyer verification. The property is at 930 N Grand in San Pedro. WalkScore is 79, BikeScore is 65, and TransitScore is 44.
The second parcel is vacant; any development potential requires buyer verification. The property is at 930 N Grand in San Pedro. WalkScore is 79, BikeScore is 65, and TransitScore is 44.
Key Highlights
- Eight apartment units occupy one of two adjacent parcels
- Two parcels total approximately 10,802 square feet
- Separate vacant parcel; future development potential is subject to buyer verification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,232
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,640
$764.6K
Cap Rate 7%
$546,171
$546.2K
Cap Rate 9%
$424,800
$424.8K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$75.6K $31.80/SF
− Vacancy
−$6.0K −$2.54/SF
EGI
$69.5K $29.26/SF
− OpEx
−$31.3K −$13.17/SF
NOI
$38.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$764,640
Cap Rate 7%
$546,171
Cap Rate 9%
$424,800
Alternative Uses
Best Use
Apartment 5plus
$546.2K
$477.9K – $637.2K
NOI $38,232 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$992.0K
$868.0K – $1.16M
NOI $69,441 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
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Business Placement
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
$808,800
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles County, CA
Properties on Market for Apartment buildings in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A separate vacant parcel accompanies the apartments, with future development subject to buyer verification.
Where is this apartment building located?
The property is located at 930 N Grand San Pedro, CA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Eight apartment units occupy one of two adjacent parcels; Two parcels total approximately 10,802 square feet; Separate vacant parcel; future development potential is subject to buyer verification
