2222 S Mesa St Unit 24 San Pedro, CA 90731
San Pedro NeighborhoodHighlights
- Fitness Center
- Primary Bedroom Suite
- Side by Side Parking
- Harbor Views
- Community Pool
- Resident Manager or Management On Site
About This Home
As of April 2025Experience resort-style living in this spacious, updated condo with over 1,736 square feet of living space, stunning ocean views, and a premium location. This rare opportunity combines comfort, affordability, and significant tax advantages, making it a standout value in the South Bay. The home features two large bedrooms, three full bathrooms, a wide-open floor plan, dual balconies with walk-in storage, a cozy fireplace, and well-placed skylights for abundant natural light. The well-equipped kitchen overlooks the community pool, and washer/dryer hookups are conveniently located in the hallway. Included are three full-sized storage units and two side-by-side parking spaces. Resort-style amenities include an onsite fitness center, pool, and jacuzzi. What sets this condo apart is its long-term ground lease (expiring in 2050), which translates into a significantly lower purchase price. The total monthly HOA and ground lease payment is $1,896.72, offering a financial advantage when compared to a traditional property purchase. Here’s the breakdown: If you were to purchase a $560,000 condo with a comparable HOA ($483/month), your mortgage and property tax payments would result in a similar monthly cost—but you simply won’t find this much living space, ocean views, and proximity to world-class developments anywhere else in the South Bay. Add in the tax-deductible benefits of the ground lease under IRS code 1055, and the value becomes even clearer. Consult your CPA for details. Located within walking distance to Cabrillo Beach Yacht Club, the Marina, Cabrillo Beach, and Crafted, this home is also positioned near the exciting upcoming West Harbor development. Don’t miss your chance to own this incredible waterfront property. With unmatched space, location, and financial benefits, it’s truly a one-of-a-kind opportunity. Schedule your private showing today.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $6,676
Year Built
- Built in 1990
Lot Details
- Two or More Common Walls
- Land Lease of $1,897 per month
HOA Fees
- $483 Monthly HOA Fees
Parking
- 2 Car Garage
- Parking Available
- Side by Side Parking
- Assigned Parking
- Community Parking Structure
Property Views
- Harbor
- Neighborhood
Interior Spaces
- 1,736 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom Suite
- 3 Full Bathrooms
Utilities
- Central Air
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 46548
- Assessor Parcel Number 7465004049
- Seller Considering Concessions
Community Details
Overview
- Master Insurance
- 33 Units
- San Pedro Marina Pointe HOA, Phone Number (310) 645-9921
- Cac Management HOA
- Maintained Community
Recreation
- Fitness Center
- Community Pool
- Community Spa
- Water Sports
Security
- Resident Manager or Management On Site
- Controlled Access
Ownership History
Purchase Details
Purchase Details
Purchase Details
Map
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | Fidelity National Title Ins | |
| Trustee Deed | $65,000 | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $217,500 | New Conventional | |
| Closed | $209,000 | New Conventional |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/25/2025 04/25/25 | Sold | $320,000 | -5.9% | $184 / Sq Ft |
| 03/21/2025 03/21/25 | For Sale | $340,000 | +4.6% | $196 / Sq Ft |
| 08/13/2024 08/13/24 | Sold | $325,000 | -2.4% | $187 / Sq Ft |
| 07/21/2024 07/21/24 | Pending | -- | -- | -- |
| 06/28/2024 06/28/24 | Price Changed | $333,000 | -1.8% | $192 / Sq Ft |
| 04/02/2024 04/02/24 | For Sale | $339,000 | -- | $195 / Sq Ft |
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 |
|---|---|---|---|---|
| 2024 | $6,676 | $538,242 | $302,359 | $235,883 |
| 2023 | $6,548 | $527,689 | $296,431 | $231,258 |
| 2022 | $6,242 | $517,343 | $290,619 | $226,724 |
| 2021 | $6,160 | $507,200 | $284,921 | $222,279 |
| 2020 | $6,220 | $502,000 | $282,000 | $220,000 |
| 2019 | $2,071 | $159,720 | $121,084 | $38,636 |
| 2018 | $2,036 | $156,589 | $118,710 | $37,879 |
| 2016 | $1,927 | $150,510 | $114,101 | $36,409 |
| 2015 | $1,901 | $148,251 | $112,388 | $35,863 |
| 2014 | $1,914 | $145,348 | $110,187 | $35,161 |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25025731
APN: 7465-004-049
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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