1224 S Mesa Street
San Pedro, CA 90731
3559 sqft | 7 beds | 0.12 acres | #24465415
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 Details
- Bedrooms7
Property Details
- Stories2
Measurements
- Acres0.1151
- Square Feet3559
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1922
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$895,000
Other
- MLS #24465415
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jonathan Weir (#CLW-C132655)
Listing Office: Marcus & Millichap (#CLW-X7515105)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
