5.5% SELLER FINANCING!!! | 1224 S Mesa St
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5.5% SELLER FINANCING!!! 1224 S Mesa St
5 Unit Apartment Building $1,579,479 CAD ($315,896 CAD/Unit) 5.15% Cap Rate San Pedro, CA 90731
INVESTMENT HIGHLIGHTS
- 3 Blocks From Ports O’ Call
- 9.63% Proforma CAP RATE
- 5.5% Interest-Only Seller Financing Available
- ADU Potential
EXECUTIVE SUMMARY
SELLER FINANCING AVAILABLE WITH 35% DOWN. 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. Seller financing is available, with over 9 years remaining on the current note, offering an interest-only rate of 5.5%and no assumption fee. The property features spacious units, including three1-bedroom/1-bathroom units and two 2-bedroom/1-bathroom units. Well maintained over the years, the property offers a 5.15% CAP rate based on current income, with a pro forma CAP rate of 9.63%. 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.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,579,479 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $315,896 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.15% | Building Size | 3,559 SF |
| Gross Rent Multiplier | 12.59 | No. Stories | 2 |
| No. Units | 5 | Year Built/Renovated | 1922/1960 |
| Property Type | Multifamily | Parking Ratio | 0.84/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,579,479 CAD |
| Price Per Unit | $315,896 CAD |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| Gross Rent Multiplier | 12.59 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,559 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1922/1960 |
| Parking Ratio | 0.84/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer Hookup
- Kitchen
- Sprinkler System
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $2,585 CAD | 712 |
| 1+1 | 3 | $2,506 CAD | 712 |
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Walk Score®
Walker's Paradise (92)
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 7456-009-025 | Total Assessment | $1,136,379 CAD (2024) |
| Land Assessment | $745,168 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $391,211 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
7456-009-025
Land Assessment
$745,168 CAD (2024)
Improvements Assessment
$391,211 CAD (2024)
Total Assessment
$1,136,379 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
ZONING
| Zoning Code | RD1.5 (Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations) |
| RD1.5 (Restricted Density Multiple Dwelling One-Family Dwellings, Two-Family Dwellings, Apartment Houses, Multiple Dwellings, Home Occupations) |
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5.5% SELLER FINANCING!!! | 1224 S Mesa St
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