$975,000
SOLD OCT 10, 2025

1224 S Mesa St San Pedro, CA 90731

4 Beds
5 Baths
3,559 Sq Ft
5,014 Sq Ft Lot

Recently Sold

$274 Per Sq Ft

9% Below List Price

8 Days on Market

About This Home

As of October 2025

Seller Financing Available: $716,000 at 5.5% Interest-Only, Fixed for 9 Years. No assumption fee or prepayment penalty, providing are and flexible financing structure for investors. The property consists of (2) 2 Bed / 1 Bath and (3) 1 Bed / 1 Bath units. Each unit is individually metered for gas and electricity and features washer/dryer hookups, copper plumbing, and individual water heaters. Kitchens and bathrooms are finished with tile flooring and showers, while the two upstairs units enjoy a harbor-facing balcony and a carpeted entry staircase.Three garages are located at the rear of the property (3x rented at $175 each), providing additional income potential or the option for ADU conversion. Well maintained and located in a residential neighborhood, the property offers strong cash flow with long-term upside supported by below-market operating expenses.

Last Agent to Sell the Property

Chase Simonton

RE/MAX One License #01766871 Listed on: 09/08/2025

RE/MAX One

Last Buyer's Agent

Chase Simonton

RE/MAX One License #01766871 Listed on: 09/08/2025

RE/MAX One

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 5,014 Sq Ft Lot

Parking

  • 3 Parking Spaces

Interior Spaces

  • 3,559 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Bathrooms

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 7456-009-025

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

5,014 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3559
  • Lot Acreage: 0.1151
  • Stories: 2
  • Year Built: 1922
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 302.05

Exterior Features

  • Other Structures: None

Garage/Parking

  • Total Parking: 3

Lot Info

  • Assessed Improvement Percent: 34.43
  • Assessed Improvement Value: 275833
  • Assessed Land Percent: 65.57
  • Assessed Land Value: 525399
  • Total Assessed Value: 801232
  • Assessor Parcel Number: 7456-009-025
  • Lot Size Area: 5014

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 11.87
  • Number Of Units: 5
  • Type Of Units: 5
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2025 10/10/25 Sold $975,000 -9.3% $274 / Sq Ft
09/08/2025 09/08/25 For Sale $1,075,000 +20.1% $302 / Sq Ft
12/27/2024 12/27/24 Sold $895,000 0.0% $251 / Sq Ft View Prior Sale
12/09/2024 12/09/24 Pending -- -- --
11/18/2024 11/18/24 For Sale $895,000 -- $251 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,454 $895,000 $550,000 $345,000
2024 $10,454 $801,232 $525,399 $275,833
2023 $10,263 $785,523 $515,098 $270,425
2022 $9,810 $770,122 $504,999 $265,123
2021 $9,680 $755,023 $495,098 $259,925
2020 $9,770 $747,282 $490,022 $257,260
2019 $9,405 $732,630 $480,414 $252,216
2018 $9,316 $718,266 $470,995 $247,271
2016 $8,851 $690,376 $452,706 $237,670
2015 $8,728 $680,006 $445,906 $234,100
2014 $8,748 $666,687 $437,172 $229,515
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25589019

The MLS
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