1/10
Listing Courtesy Of:
Marcus & Millichap, 424-405-3900, Jonathan Weir
Local Realty Services Provided By:
Keller Williams Realty L.A. Harbor
Overview
What It'll Cost
Neighborhood
Similar Homes
1224 S Mesa St, San Pedro, CA 90731
7 Beds
5 Baths
1224 S Mesa St, San Pedro, CA 90731
Estimation provided by Keller Williams Realty Inc.
7 Beds
5 Baths
Active
For Sale
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.
Property Details
Compare This Home
Overview
Property Type
Residential Income
Property Size
Year Built
1922
Days on Site
49 Days
HVAC
Heating: Wall
Parking
3 Parking Spaces
Activity History
VIEWS
SAVES
SHARES
Data provided by Keller Williams Realty, Inc.
Upcoming Open Houses
(Local time)
No open houses are currently scheduled for this property. Don't worry - you can always schedule a tour, or get additional help from your agent.
Estimated Monthly Payment
Purchase Price:
$1,100,000
Principal + Interest
Property Tax
Home Insurance
HOA/Condo Fee
Mortgage Insurance
Monthly Payment
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Price & Tax History
Date
Event
Price
03/04/2025
Price Decrease
(-2.22% )
02/18/2025
Price Decrease
(-5.86% )
02/03/2025
Listed
(+637.65% )
05/27/1994
Sold
(-36.83% )
02/02/1994
Sold
Year
Property Tax
Assessed Value
Assessed Value is a combination of the land and additions.
2023
(+4.63% )
Land 515,098 +
Additions 270,425
2022
(+1.34% )
Land 495,098 +
Additions 259,925
2021
(+2.92% )
Land 495,098 +
Additions 259,925
2019
(+7,000.94% )
Land 490,022 +
Additions 257,260
2017
Land 461,760 +
Additions 242,423
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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Transit & Commute
Estimated commute times from Central San Pedro
Car-Dependent
Walkable
Very Walkable
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