$895,000
$895,000
Est. payment /mo
7 BD
5 BA
3,559 SqFt
Sold on 12/27/2024
1224 S Mesa ST San Pedro, CA 90731
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UPDATED:
Key Details
Sold Price $895,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,559 sqft
Price per Sqft $251
MLS Listing ID 24465415
Bedrooms 7
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
Laundry Stacked
Building
Story 2
New Construction No
Others
Special Listing Condition Standard
Listed by Jonathan Weir • Marcus & Millichap
Bought with Jonathan Weir • Marcus & Millichap
Bought with Jonathan Weir • Marcus & Millichap