1224 S Mesa St - Apartments FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,075,000 USD
310-383-5927
1224 S Mesa St, San Pedro, CA for Sale
$1,075,000 USD
Apartments - FOR SALE
1/12
null | 5.3% Cap Rate

1224 S Mesa St
San Pedro, CA 90731
Central San Pedro


OVERVIEW

Seller Financing Available: $716,000 at 5.5% Interest-Only, Fixed for 9 Years. No assumption fee or prepayment penalty, providing a rare and flexible financing structure for investors. Pleased to present an exclusive 5-unit multifamily opportunity in the heart of San Pedro, just three blocks from Ports O’ Call Village and minutes from Cabrillo Marina. The property consists of (2) 2 Bed / 1 Bath and (3) 1 Bed / 1 Bath units. Each unit is individually metered for gas and electricity and features washer/dryer hookups, copper plumbing, and individual water heaters. Kitchens and bathrooms are finished with tile flooring and showers, while the two upstairs units enjoy a harbor-facing balcony and a carpeted entry staircase. Three garages are located at the rear of the property (3x rented at $175 each), providing additional income potential or the option for ADU conversion. Well maintained and located in a residential neighborhood, the property offers strong cash flow with.

FOR SALE DETAILS

PRICE

$1,075,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

5

PRICE/UNIT

$215,000

CAP RATE

5.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

RD1.5

APN/PARCEL ID

7456-009-025

ASK ABOUT THIS PROPERTY

Chase SimontonRE/MAX One CommercialMore Info
310-383-5927

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Chase SimontonRE/MAX One CommercialMore Info
310-383-5927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.