1224 S Mesa Street, San Pedro, CA 90731
-
Listed Price :
$1,195,000
-
Beds :
7
-
Baths :
5
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Property Size :
3,559 sqft
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Year Built :
1922
Property Description
We are excited to present our latest exclusive listing in San Pedro. This 5-unit multifamily property is conveniently located just three blocks from Ports O' Call Village and minutes from Cabrillo Marina. The property features spacious units, including three 1-bedroom/1-bathroom and two 2-bedroom/1-bathroom units. Well-maintained over the years, the property offers a 4.64% CAP rate based on current income, with a proforma CAP rate of 8.77%. Seller financing available, with over 9 years remaining on the current note, offering an interest-only rate of 5.5% and no assumption fee. The property also presents an estimated 65% upside in rents. It is individually metered for gas and electricity, and each unit includes washer/dryer hookups. The property is primarily equipped with copper plumbing and individual water heaters. Three garages at the rear provide potential for additional income or conversion into an ADU. For more details, please contact the listing agents.
Interior Features
| Laundry Information |
| Location(s) |
Stacked |
| Bedroom Information |
| Bedrooms |
7 |
| Bathroom Information |
| Bathrooms |
5 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
1224 S Mesa Street |
| City |
San Pedro |
| State |
CA |
| Zip |
90731 |
| County |
Los Angeles |
| Listing Agent |
Jonathan Weir DRE #02038545 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$1,195,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
3,559 |
| Lot Size |
5,014 |
| Year Built |
1922 |
Listing information courtesy of: Jonathan Weir, Marcus & Millichap. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 5th, 2025 at 10:45 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
