1309 S Mesa St, San Pedro, CA 90731

1309 S Mesa St, San Pedro, CA 90731

San Pedro, CA
$750,000

Property Description

1309 S Mesa St is a 7-unit building located in San Pedro. The building was built in 1912 and consists of 4,102 SF of living space situated on a 4,500 SF lot. 1309 S Mesa St offers a unit mix consisting of (2) 2-bed/1-bath and (5) studio units. The property is located within walking distance to the Main Channel Waterfront, S Pacific Ave Retail & Dining, and 22nd Street Park. With over 100% in upside rent potential, this property is an ideal value-add opportunity for any investor.

 

Highlights:
<ul>
<li>Unit Mix Consisting of (2) 2-Bed/1-Bath Units &amp; (5) Studio Units</li>
<li>Over 100% in Upside Rent Potential</li>
<li>4,102 SF Building Situated on a 4,500 SF Lot</li>
<li>Walking Distance to the Main Channel Waterfront, S Pacific Ave Retail &amp; Dining, and 22nd Street Park</li>
</ul>

Property Features

  • Sale Price: $750,000
  • Area Size: 4,102 SF
  • Land Area: 4,500 SF
  • Year Built: 1912
  • Listing Date: 10/29/2020
  • Closing Date: 12/23/2020
  • Units: 7
  • Current GRM: 19.18
  • Current Cap Rate: 2.40%
  • Price Per Unit: $140,714
  • Market GRM: 9.12
  • Market Cap Rate: 7.86%
  • Current NOI: $23,620

Lyon Stahl Investment Real Estate

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