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7 Units Near the Waterfront in San Pedro 1309 S Mesa St 7 Unit Apartment Building $1,369,040 CAD ($195,577 CAD/Unit) 4.55% Cap Rate San Pedro, CA 90731
Investment Highlights
- 7 units: two 2BD/1BA units + five studio apartments
- Size & land: ~4,102 SF of living area on a 4,500 SF lot
- Alley access: added convenience for servicing and operations
- In-place performance: currently delivering a cap rate over 4.7% (per seller)
- Vintage character: built 1912, well-maintained historic asset
- Walkable coastal location: near Main Channel Waterfront, South Pacific Ave dining/retail, and 22nd Street Park / 22nd Street Landing
Executive Summary
This exceptional 7-unit property offers a rare opportunity to own a well-located, vintage San Pedro asset with compelling in-place performance and long-term upside. Built in 1912 and spanning approximately 4,102 square feet on a 4,500-square-foot lot with alley access, the property delivers a flexible unit mix of two well-maintained 2-bedroom/1-bath residences andfive inviting studios—ideal for broad tenant demand and diversified cash flow.
Currently producing a cap rate of over 4.5%, it stands out as a prime addition to any investment portfolio. Enjoy a true walk-to lifestyle just moments from the Main Channel Waterfront, South Pacific Avenue’s popular shops and restaurants, and nearby parks—positioned in one of Los Angeles’ most promising emerging beach communities.
Currently producing a cap rate of over 4.5%, it stands out as a prime addition to any investment portfolio. Enjoy a true walk-to lifestyle just moments from the Main Channel Waterfront, South Pacific Avenue’s popular shops and restaurants, and nearby parks—positioned in one of Los Angeles’ most promising emerging beach communities.
Property Facts
| Price | $1,369,040 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $195,577 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 4.55% | Building Size | 4,102 SF |
| Gross Rent Multiplier | 14.07 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $1,369,040 CAD |
| Price Per Unit | $195,577 CAD |
| Sale Type | Investment |
| Cap Rate | 4.55% |
| Gross Rent Multiplier | 14.07 |
| 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 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Porch
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 2+1 | 2 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7456-015-028 | Improvements Assessment | $500,620 CAD |
| Land Assessment | $964,432 CAD | Total Assessment | $1,465,052 CAD |
Property Taxes
Parcel Number
7456-015-028
Land Assessment
$964,432 CAD
Improvements Assessment
$500,620 CAD
Total Assessment
$1,465,052 CAD
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7 Units Near the Waterfront in San Pedro | 1309 S Mesa St
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