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7 Units in San Pedro - Motivated Seller 1309 S Mesa St 7 Unit Apartment Building $999,000 ($142,714/Unit) 4.72% Cap Rate San Pedro, CA 90731
INVESTMENT HIGHLIGHTS
- Excellent investment opportunity with potential for high rental income
- Spacious living space of 4,102 square feet on a large lot of 4,500 square feet
- Diverse unit mix of two 2-bedroom units and five studio units
- Prime location within walking distance to Main Channel Waterfront, South Pacific Avenue retail and dining, and 22nd Street Landing restaurant
EXECUTIVE SUMMARY
This exceptional 7-Unit property represents a rare investment opportunity with outstanding rental income potential. Currently delivering a robust cap rate of over 4.7%, it stands out as a prime addition to any portfolio. Built in 1912, this historic asset encompasses 4,102 square feet of thoughtfully designed living space, situated on a generous 4,500-square-foot lot with convenient alley access. The property features two charming, well-maintained 2-bedroom, 1-bath units alongside five inviting studio apartments, offering a diverse and flexible rental mix. Perfectly positioned within strolling distance to the vibrant Main Channel Waterfront, South Pacific Avenue’s retail and dining hotspots, and 22nd Street Park, it combines unparalleled convenience with an exceptional lifestyle. San Pedro, one of Los Angeles’ most promising emerging beach communities, seamlessly blends historic allure with dynamic growth potential, making this property a compelling opportunity for savvy investors seeking long term returns and appreciation!
PROPERTY FACTS
| Price | $999,000 | Property Subtype | Apartment |
| Price Per Unit | $142,714 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.72% | Lot Size | 0.10 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,102 SF |
| Gross Rent Multiplier | 14.89 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1912 |
| Zoning | LARD1.5 | ||
| Price | $999,000 |
| Price Per Unit | $142,714 |
| Sale Type | Investment |
| Cap Rate | 4.72% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 14.89 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,102 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1912 |
| Zoning | LARD1.5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 2+1 | 2 | - | - |
| 1+1 | 1 | - | - |
Walk Score®
Walker's Paradise (90)
Bike Score®
Biker's Paradise (94)
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7 Units in San Pedro - Motivated Seller | 1309 S Mesa St
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