1224 S Mesa St Active Save Request In-Person Tour Request Virtual Tour
San Pedro,CA 90731
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,559 sqft
Price per Sqft $316
MLS Listing ID 25494855
Bedrooms 7
Year Built 1922
Lot Size 5,014 Sqft
Acres 0.1151
Property Sub-Type Multi-Family
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 5.01% CAP rate based on current income, with a proforma CAP rate of 9.39%. 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 Plaza
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Garbage Disposal, Range/Oven, Refrigerator, Stackable W/D Hookup
Exterior
Parking Features Garage Is Detached
Garage Spaces 3.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard