1224 S Mesa St - Apartments FOR SALE


San Pedro, CA 90731
$895,000 USD
424-405-3855
1224 S Mesa St, San Pedro, CA for Sale
$895,000 USD
Apartments - FOR SALE
1/10
null | 5.28% Cap Rate

1224 S Mesa St
San Pedro, CA 90731


HIGHLIGHTS

  • 3 Blocks From Ports O’ Call
  • 6.78 Proforma GRM
  • 10.62% Proforma CAP RATE
  • Low PPU and PPFT

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$895,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

5

PRICE/UNIT

$179,000

CAP RATE

5.28%

% 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

0.11 AC

LAND SF

4,966 SF

ZONING

RD1.5, Los Angeles

APN/PARCEL ID

7456-009-025

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
424-405-3855

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

Jonathan WeirWeir Group with Marcus and Millichap.More Info
424-405-3855

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