1224 S Mesa St - Apartments FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,125,000 USD
707-225-2402
1224 S Mesa St, San Pedro, CA for Sale
$1,125,000 USD
Apartments - FOR SALE
1/10
null | 5.01% Cap Rate

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


HIGHLIGHTS

  • 3 Blocks From Ports O’ Call
  • 5.5% Interest-Only Seller Financing Available
  • 9.39% Proforma CAP RATE
  • ADU Potential

OVERVIEW

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. The property features spacious units, including three 1-bedroom/1-bathroom and two 2-bedroom/1-bathroom units. Well-maintained over the years, the property offers a 5.01% CAP rate based on current income, with a proforma CAP rate of 9.39%. Seller financing available, with over 9 years remaining on the current note, offering an interest-only rate of 5.5% and no assumption fee. 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.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$316 USD /SF

# OF UNITS

5

PRICE/UNIT

$225,000

CAP RATE

5.01%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5.5% SELLER FINANCING!!!

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

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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