1224 South Mesa Street
$895,000
7
5
3,559
3,559
$251
Active Under Contract
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...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.
- Listed by Jonathan Weir • DRE #02038545 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 1224 South Mesa Street
Zoning
LARD1.5
Parcel Number7456009025
Total Units5.0
Living Area3559
Source Living AreaVendor Enhanced
AreaPlaza (185)
Vacancy Rate0
Lot Size Area5014
LISTING UPDATED: 12/10/2024 12:13 PM
Property Details for 1224 South Mesa Street
Status | Active Under Contract |
---|---|
MLS # | 24-465415 |
Days on Market | 28 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1922 |
Lot Size | 0.12 AC / 5,014 SF |
County | Los Angeles County |
Building Information for 1224 South Mesa Street
Stories2Residences-Year Built1922Building Size-Lot Size0.12 AC / 5,014 SF
Property Information for 1224 South Mesa Street
Property History for 1224 South Mesa Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1224 South Mesa Street
Taxable ValueLand$525,399Additions$275,833Total$801,232
Tax Record2024$10,454 ($871 / month)
Home Facts
Total Finished SqFt3,559 SqFtAbove Grade Finished SqFt3,559 SqFtLot Size5,014 SqFtStyleMulti-Family Res (5+ Units)Year Built1922ZoningLARD1.5CountyLOS ANGELESAPN7456-009-025
Schools near 1224 South Mesa Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Fifteenth Street Elementary School PublicK to 5 | ||
Richard Henry Dana Middle School Public6 to 8 | ||
San Pedro Senior High School Public9 to 12 | ||
Port Of Los Angeles High School Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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