SELLER FINANCING AVAILABLE WITH 35% DOWN. 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. Seller financing is available, with over 9 years remaining on the current note, offering an interest-only rate of 5.5%and no assumption fee. The property features spacious units, including three1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. Well maintained over the years, the property offers a 5.15% CAP rate based on current income, with a pro forma CAP rate of 9.63%. 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.
Property Details
Price:
$1,100,000
MLS #:
25494855
Status:
Active
Baths:
0
Address:
1224 S Mesa Street
Type:
Residential Income
Neighborhood:
185plaza
City:
San Pedro
Listed Date:
Feb 3, 2025
State:
CA
ZIP:
90731
Lot Size:
5,014 sqft / 0.12 acres (approx)
Year Built:
1922
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Schools
Interior
Appliances
Disposal, Refrigerator
Cooling
None
Heating
Wall Furnace
Exterior
Parking Spots
3.00
Stories Total
2
Financial
Map
Community
- Address1224 S Mesa Street San Pedro CA
- Area185 – Plaza
- CitySan Pedro
- CountyLos Angeles
- Zip Code90731
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1224 S Mesa Street
San Pedro, CA
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