902 S Mesa St - Multi-Family FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,095,000 USD
310-982-7055
902 S Mesa St, San Pedro, CA for Sale
$1,095,000 USD
Multi-Family - FOR SALE
1/12
null | 3.94% Cap Rate

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


HIGHLIGHTS

  • Only 2 blocks from the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 square feet of retail,
  • 2 blocks from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail
  • Only a few blocks from Cabrillo Marina and Cabrillo Beach

OVERVIEW

Huge 4 unit property 2 blocks outside of Downtown San Pedro on 10,000 square feet of buildable land and a 26% upside to rents. Four 3 bed units, 1 with 2 baths and 3 with 1 bath averaging 1100 square feet each. Existing building is situated on one side of a huge flat 10,000 square foot corner lot with access on three sides from streets and alley. Potential for sizable new construction ADUs on this lot in addition to the existing structure. Very well priced at only $249/sq ft and 12.6X GRM on actual rents with a 26% upside to a market GRM of 10 and cap rate of 5.7% before any ADUs. One unit recently renovated and re-leased at $2350 in 2025. Separately metered for electricity and gas. Tons of space for parking.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$222 USD /SF

# OF UNITS

4

PRICE/UNIT

$273,750

CAP RATE

3.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,023 SF

ZONING

LARD1.5

APN/PARCEL ID

7455-009-001

ASK ABOUT THIS PROPERTY

Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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Anthony WalkerBuckingham InvestmentsMore Info
310-982-7055

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