Henry Falkenstein & Associates
Angela Conterno, Henry Falkenstein & AssociatesPhone: (310) 529-7338
Email: [email protected]
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listing
1 of 10
Residential IncomeFor Sale
$895,000
1224 S Mesa Street
San Pedro, CA 90731
Listed by Jonathan Weir [email protected] Marcus & Millichap
MLS: California Regional MLS (CRMLS)
7Beds
5Baths
3,559Sq Ft
Est. Mortgage
$4,720/mo

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.

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Information courtesy of Marcus & Millichap is subject to verification and is not guaranteed.
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