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902 S Mesa St 4 Unit Apartment Building Offered at $1,528,532 CAD at a 3.94% Cap Rate San Pedro, CA 90731
INVESTMENT HIGHLIGHTS
- Only 2 blocks from the massive 42 acre West Harbor LA Waterfront development with over a mile of waterfront access and 375,000 square feet of retail,
- Only a few blocks from Cabrillo Marina and Cabrillo Beach
- 2 blocks from Downtown San Pedro with art galleries, restaurants, boutiques, and other retail
EXECUTIVE SUMMARY
Huge 4 unit property 2 blocks outside of Downtown San Pedro on 10,000 square feet of buildable land and a 26% upside to rents. Four 3 bed units, 1 with 2 baths and 3 with 1 bath averaging 1100 square feet each. Existing building is situated on one side of a huge flat 10,000 square foot corner lot with access on three sides from streets and alley. Potential for sizable new construction ADUs on this lot in addition to the existing structure. Very well priced at only $249/sq ft and 12.6X GRM on actual rents with a 26% upside to a market GRM of 10 and cap rate of 5.7% before any ADUs. One unit recently renovated and re-leased at $2350 in 2025. Separately metered for electricity and gas. Tons of space for parking.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 - 2024) 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 | $1,528,532 CAD | Property Type | Multifamily |
| Price Per Unit | $382,133 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 3.94% | Building Size | 4,934 SF |
| Gross Rent Multiplier | 12.62 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1930 |
| Zoning | LARD1.5 | ||
| Price | $1,528,532 CAD |
| Price Per Unit | $382,133 CAD |
| Sale Type | Investment |
| Cap Rate | 3.94% |
| Gross Rent Multiplier | 12.62 |
| No. Units | 4 |
| Property Type | Multifamily |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,934 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Zoning | LARD1.5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | $3,280 CAD | - |
| 3+1 | 3 | $2,270 CAD | - |
1 1
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 7455-009-001 | Total Assessment | $1,416,504 CAD (2025) |
| Land Assessment | $761,473 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $655,031 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
7455-009-001
Land Assessment
$761,473 CAD (2025)
Improvements Assessment
$655,031 CAD (2025)
Total Assessment
$1,416,504 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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902 S Mesa St
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