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1224 S Mesa Street San Pedro (los Angeles), CA 90731
3,559 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,559 sqft
Price per Sqft $309
MLS Listing ID CL25494855
HOA Y/N No
Year Built 1922
Lot Size 5,014 Sqft
Acres 0.12
Property Sub-Type Other
Property Description
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.
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Other
Building
New Construction No
Others
Tax ID 7456009025
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Listed by Jonathan Weir • Marcus & Millichap