1224 S Mesa St new 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 $251
MLS Listing ID 24-465415
Bedrooms 7
Year Built 1922
Lot Size 5,014 Sqft
Acres 0.1151
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.
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
Garage Garage Is Detached
Garage Spaces 3.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard