1309 S Mesa St - Apartments FOR SALE


San Pedro, CA 90731- Central San Pedro
$999,000 USD
310-666-2246
1309 S Mesa St, San Pedro, CA for Sale
$999,000 USD
Apartments - FOR SALE
1/8
null | 4.55% Cap Rate

1309 S Mesa St
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • 7 units: two 2BD/1BA units + five studio apartments
  • In-place performance: currently delivering a cap rate over 4.7% (per seller)
  • Size & land: ~4,102 SF of living area on a 4,500 SF lot
  • Vintage character: built 1912, well-maintained historic asset
  • Alley access: added convenience for servicing and operations
  • Walkable coastal location: near Main Channel Waterfront, South Pacific Ave dining/retail, and 22nd Street Park / 22nd Street Landing

OVERVIEW

This exceptional 7-unit property offers a rare opportunity to own a well-located, vintage San Pedro asset with compelling in-place performance and long-term upside. Built in 1912 and spanning approximately 4,102 square feet on a 4,500-square-foot lot with alley access, the property delivers a flexible unit mix of two well-maintained 2-bedroom/1-bath residences andfive inviting studios—ideal for broad tenant demand and diversified cash flow. Currently producing a cap rate of over 4.5%, it stands out as a prime addition to any investment portfolio. Enjoy a true walk-to lifestyle just moments from the Main Channel Waterfront, South Pacific Avenue’s popular shops and restaurants, and nearby parks—positioned in one of Los Angeles’ most promising emerging beach communities.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$244 USD /SF

# OF UNITS

7

PRICE/UNIT

$142,714

CAP RATE

4.55%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Units Near the Waterfront in San Pedro

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

LARD1.5

APN/PARCEL ID

7456-015-028

ASK ABOUT THIS PROPERTY

Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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