Active
1224 S Mesa Street
San Pedro CA, 90731
$1,100,000
$309.08 per sqft
Active
7 Beds
5 Baths
3,559 sqft
Residential
Built in 1922
Listed by Jonathan Weir with Marcus & Millichap 424-405-3855
SELLER FINANCING AVAILABLE WITH 35% DOWN. We are excited to present our latest exclusive listing in San Pedro. This 5-unit multifamily property is conveniently located just three blocks from Ports O' Call Village and minutes from Cabrillo Marina. Seller financing is available, with over 9 years remaining on the current note, offering an interest-only rate of 5.5%and no assumption fee. The property features spacious units, including three1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. Well maintained over the years, the property offers a 5.15% CAP rate based on current income, with a pro forma CAP rate of 9.63%. The property also presents an estimated 65% upside in rents. It is individually metered for gas and electricity, and each unit includes washer/dryer hookups. The property is primarily equipped with copper plumbing and individual water heaters. Three garages at the rear provide potential for additional income or conversion into an ADU. For more details, please contact the listing agents.
25494855
MLSⓇ ID
February 3, 2025
Listed
March 5, 2025
Updated
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
29
Garage
No
Parking Total
3
View
No
County
Los Angeles
Zoning
LARD1.5
Listing History
Date | Event | Price |
|---|---|---|
3/4/2025 | Price change | $1,100,000 -3% |
2/19/2025 | Price change | $1,125,000 -6% |
Listing Contact: 424-405-3900
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/5/2025. 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.
©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 3/5/2025 at 11:08 AM UTC