Multifamily
1224 S Mesa St
1224 S Mesa St, Los Angeles, CA 90731
Listing Price: $1,100,000
Investment Overview
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 three 1-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.
Exclusively Listed By
Listing Price: $1,100,000
Investment Highlights
- 3 Blocks From Ports O' Call
- 5.5% Interest-Only Seller Financing Available
- 9.63% Proforma CAP RATE
- ADU Potential
Investment Overview
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 three 1-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.
Exclusively Listed By
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