1224 S Mesa St, San Pedro, CA 90731

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. The property features spacious units, including three 1-bedroom/1-bathroom and two 2-bedroom/1-bathroom units. Well-maintained over the years, the property offers a 5.01% CAP rate based on current income, with a proforma CAP rate of 9.39%. Seller financing available, with over 9 years remaining on the current note, offering an interest-only rate of 5.5% and no assumption fee. 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.