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Listing 23 out of 145
$865,000 For Sale

1224 S Mesa Street
San Pedro, CA 90731

5 units | Multi Family Home
4966 sq ft - MLS# OC18105986
Property Photo
1/7

Description

Built in 1922, this 5 unit property has majority copper plumbing and individual water heaters and washing machine hookups for each unit. Water can be turned off for each individual unit. The property runs with very little expense to owner for utilities, hence the overhead for the property is quite low. There are three garages located behind the building that can provide additional income. The two second-story units enjoy a harbor-facing balconies which were recently rebuilt. The exterior has recently been painted and the roof is in good condition. Due to the property's amenities and location, the property has high occupancy rates. The property is located in a residential family neighborhood. An investor will be able to realize the significant profit the property offers due to the low cost of expenses.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Active
  • Zip Code: 90731
  • Year Built: 1922
  • Stories: Two
  • Units: 5 units
  • Lot Size: 4966 sq ft
  • Zoning: LARD1.5
  • Area: 699 - Not Defined
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3559.00
  • Building Area Units: Square Feet
  • Common Walls: 1 Common Wall
  • Community Features: Curbs, Sidewalks, Street Lighting
  • Country: US
  • Directions: 110 south, exit Gaffey St and turn left, left on 11th St, right on S Mesa St.
  • Garage Income: 2400.00
  • Garage Rental Rate: 1200.00
  • Gardener Expense: 480.00
  • Gross Income: 2400.00
  • Gross Scheduled Income: 53760.00
  • Heating: Wall Heater, Natural Gas
  • Heating YN: Yes
  • Inclusions: Stoves in 2 of the units
  • Insurance Expense: 1709.00
  • Laundry Features: Inside, Washer Hookup
  • Laundry YN: Yes
  • Listing Agent License: 01511797
  • Listing Office License: 01511797
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Net Operating Income: 39432.00
  • New Taxes Expense: 8000.00
  • Number Of Buildings: 3
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Operating Expense: 14328.00
  • Property Attached YN: Yes
  • Rent Control YN: Yes
  • Roof: Shingle
  • Stories Total: 2
  • Total Actual Rent: 4280.00
  • Total Expenses: 14328.00
  • Water Sewer Expense: 3800.00
  • Water Source: Public
Courtesy of Hester Realty, Pam Hester

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Sheri McHale-Moody
RE/MAX Estate Properties

1416 W. 25th St
San Pedro, CA 90732
Phone: 310-940-1516
Email: sherimoody10@gmail.com

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