Active
1224 S Mesa Street
San Pedro CA, 90731
$895,000
$251.48 per sqft
Active
7 Beds
5 Baths
3,559 sqft
Residential
Built in 1922
Listed by Jonathan Weir with Marcus & Millichap 424-405-3855
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.
24465415
MLSⓇ ID
November 18, 2024
Listed
November 20, 2024
Updated
Map
1224 S Mesa Street
San Pedro CA, 90731
Interior Features
Total Stories
2
Bedrooms
7
Total Bathrooms
5
Appliances
Disposal, Refrigerator
Laundry Description
Stacked
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.12 Acres
Other Property Details
Area Name
185 - Plaza
Days on Market
1
Garage
No
Parking Total
3
View
No
County
Los Angeles
Pool
No
Zoning
LARD1.5
Listing Contact: 424-405-3900
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 11/20/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 11/20/2024 at 2:18 AM UTC