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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Terrance Scotton, Broker Associate

Terrance Scotton, Broker Associate

+1(626) 788-9299
$895,000
Est. payment /mo
7 Beds
5 Baths
3,559 SqFt
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UPDATED:

11/20/2024 12:42 AM

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

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Listed by Marcus & Millichap

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Terrance Scotton, Broker Associate

+1(626) 788-9299

Broker Associate | License ID: 01707848 NMLS: 908256

Broker Associate License ID: 01707848 NMLS: 908256

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