1224 S Mesa St, San Pedro, CA 90731
Sale Price: $895,000
Nov 18, 20243,559 sqft7 beds5 baths
Listed by: Jonathan Weir
License #: 02038545
Phone #: 424-405-3855
Marcus & Millichap
Source:
MLS #: 24465415
Property Description
We are pleased to present our newest exclusive listing in San Pedro. This 5-unit multifamily property is located only 3 blocks away from Ports O' Call Village and minutes from the Cabrillo Marina. The property boasts spacious units comprised of three 1 bedroom/1 bathroom and two 2 bedroom/1 bathroom units. The property has been well taken care of over the years and boasts a 5.28% CAP RATE on current income with a 10.62% proforma cap rate. Additionally, the property has an estimated 65% upside in rents. The property is individually metered for gas and electric and all units have washer/dryer hookups. The property is mainly copper plumbing and has individual water heaters. There are three garages in the rear that can used for additional income or potentially converted into an ADU. For more information, please reach out to the listing agents.
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$17,910
TurboHome Estimated Value
$1,044,500
$293 sqft
High Valuation
$1,096,725
$308/sqft
Normal Valuation
$1,044,500
$293/sqft
Low Valuation
$992,275
$279/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $293/sqft | $1,044,500 |
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Neighborhood: San Pedro
Loading map...
Comparative Value
$895K
$1.29M
1224 S Mesa St, San Pedro, CA 90731
List Price: $895,000
Subject Property
1224 S Mesa St, San Pedro, CA 90731
Sale Price: $895,000
Selected Comparable
577 W 4th St, San Pedro, CA 90731
Sale Price: $905,000
Selected Comparable
559 W 21st St, San Pedro, CA 90731
Sale Price: $1,290,000
Selected Comparable
Neighborhood Comps
Subject Property
SUBJECT1224 S Mesa St, San Pedro, CA 90731
List: $895,000
Listed: 11/18/2024
Area:3,559 sqft
Price/sqft:$251
Beds:7
Baths:5
Year Built:—
Lot Size:5,014
Comparable Properties
COMPARABLEChoose comps
1224 S Mesa St, San Pedro, CA 90731
Sale: $895,000
12/27/2024 • 0.00 mi
Area:3,559 sqft
Price/sqft:$251
Beds:7
Baths:5
Year Built:—
Weight:42.3%
559 W 21st St, San Pedro, CA 90731
Sale: $1,290,000
6/24/2025 • 0.58 mi
Area:4,339 sqft
Price/sqft:$297
Beds:8
Baths:5
Year Built:—
Weight:29.5%
577 W 4th St, San Pedro, CA 90731
Sale: $905,000
6/25/2025 • 0.57 mi
Area:3,198 sqft
Price/sqft:$283
Beds:8
Baths:4
Year Built:—
Weight:28.2%
Subject Property
SUBJECT| Image | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1224 S Mesa St, San Pedro, CA 90731 | $895,000 | 3,559 | $251 | 5,014 | — | 11/18/2024 | 7 | 5 | — | — |
Comparable Properties
COMPARABLEChoose comps
| Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1224 S Mesa St, San Pedro, CA 90731 | $895,000 | 3,559 | $251 | 5,014 | 0.00 mi | 12/27/2024 | 7 | 5 | — | 42.3% | |
| 559 W 21st St, San Pedro, CA 90731 | $1,290,000 | 4,339 | $297 | 5,000 | 0.58 mi | 6/24/2025 | 8 | 5 | — | 29.5% | |
| 577 W 4th St, San Pedro, CA 90731 | $905,000 | 3,198 | $283 | 5,001 | 0.57 mi | 6/25/2025 | 8 | 4 | — | 28.2% |
Nearby Listings
1 similar properties within 5 miles
How it Works
1
Meet your local TurboHome agent
We match you with an in-house licensed real estate agent who knows your market
2
We support your home-selling journey
Everything you'd expect your agent to do: pricing, listing, photos, staging, open houses, and negotiating
3
You get big savings
You split the commission with your agent 50/50, saving you thousands compared to a traditional agent
