CA > San Pedro
San Pedro, CA 90731,1224 S Mesa St
San Pedro, CA 90731,1224 S Mesa St
San Pedro, CA 90731,1224 S Mesa St
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$895,000
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7 BD
5 BA
3,559 SqFt
Active Under Contract

1224 S Mesa St San Pedro, CA 90731

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Dallas Baker

Dallas Baker

+1(424) 243-7444

UPDATED:

12/10/2024 07:13 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

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

Parking Features Garage Is Detached

Garage Spaces 3.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Dallas Baker

+1(424) 243-7444

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1224 S Mesa St