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$ 1,195,000
Est. payment /mo
New
1224 S Mesa ST San Pedro, CA 90731
7 Beds
5 Baths
3,559 SqFt
UPDATED:
02/11/2025 01:31 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,559 sqft
Price per Sqft $335
MLS Listing ID 25494855
Bedrooms 7
HOA Y/N No
Year Built 1922
Lot Size 5,013 Sqft
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.
Location
State CA
County Los Angeles
Area 185 - Plaza
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Disposal, Refrigerator
Laundry Stacked
Exterior
Attached Garage No
Total Parking Spaces 3
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7456009025
Special Listing Condition Standard
Listed by Jonathan Weir • Marcus & Millichap