CA > San Pedro
San Pedro, CA 90731,1224 S Mesa ST
San Pedro, CA 90731,1224 S Mesa ST
San Pedro, CA 90731,1224 S Mesa ST
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$895,000
Est. payment /mo
7 Beds
5 Baths
3,559 SqFt
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UPDATED:

11/20/2024 01:52 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,559 sqft

Price per Sqft $251

MLS Listing ID 24465415

Bedrooms 7

HOA Y/N No

Year Built 1922

Lot Size 5,013 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 185 - Plaza

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Disposal, Refrigerator

Laundry Stacked

Exterior

Attached Garage No

Total Parking Spaces 3

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7456009025

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Jonathan Weir • Marcus & Millichap
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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