1224 S Mesa Street, San Pedro, CA 90731
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Listed Price :
$895,000
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Beds :
7
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Baths :
5
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Property Size :
3,559 sqft
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Year Built :
1922
Property Description
We are pleased to present our newest exclusive listing in San Pedro. This 5-unit multifamily property is located only 3 blocks away from Ports O' Call Village and minutes from the Cabrillo Marina. The property boasts spacious units comprised of three 1 bedroom/1 bathroom and two 2 bedroom/1 bathroom units. The property has been well taken care of over the years and boasts a 5.28% CAP RATE on current income with a 10.62% proforma cap rate. Additionally, the property has an estimated 65% upside in rents. The property is individually metered for gas and electric and all units have washer/dryer hookups. The property is mainly copper plumbing and has individual water heaters. There are three garages in the rear that can used for additional income or potentially converted into an ADU. For more information, please reach out to 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 |
$895,000 |
| 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 Nov 26th, 2024 at 1:11 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.
