240 N Mesa, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
Loading property details...
San Pedro, California 90731
This Value-Add Quadruplex Asset is listed at $950,000, positioned accurately at its $941,345 Fair Market Value, offering a stable and fair entry point for multi-family acquisition. Built in 1920, the property carries a Condition Rating of 4, indicating aging infrastructure that presents a clear path for forced appreciation through strategic modernization. The 3,674 square foot layout across two separate buildings maximizes tenant privacy and rental demand. Located near Top-Rated Schools like Taper Avenue Elementary (9/10), this is an ideal play for Buy-and-Hold Investors or Value-Add Specialists looking to capitalize on San Pedro's coastal growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 240 N Mesa Subject | $950,000* List Price | 0 | 0 | 3,674 | $256 | - |
A 586 W 1st Street Sold | $850,000 | 0 | 0 | 3,428 | $248 | 0.3 mi |
B 343 W 12th Street Sold | $1,150,000 | 0 | 0 | 4,090 | $281 | 0.8 mi |
C 902 S Mesa Street Sold | $1,050,000 | 0 | 0 | 4,402 | $239 | 0.6 mi |
D 233 W Oliver Street Active | $1,100,000 List Price | 0 | 0 | 3,314 | $332 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1920, this quadruplex is over a century old and shows signs of significant age. While currently income-producing and functional, the exterior images reveal dated stucco and older window units. The listing analysis notes aging infrastructure as a primary weakness, suggesting that while the property is maintained for occupancy, it likely lacks modern renovations and features outdated systems and finishes.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
As a quadruplex with four income-producing units, this property offers a robust opportunity for investors to generate steady cash flow in the San Pedro rental market.
The configuration of two separate buildings on a single lot provides tenants with increased privacy and reduced noise, making the units more desirable for long-term occupancy.
Built in 1920, the property may require substantial ongoing maintenance or capital expenditures to address aging infrastructure and modernize essential systems.
The immediate elementary school, Barton Hill, has a low rating of 2, which could be a deterrent for families and potentially impact the long-term tenant profile.
Here is your chance to own 4 income producing units in the N.E corner of San Pedro. Two separate buildings.
No exterior & parking available.
Grades K-6 • 0.2 mi
Grades K-5 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,674 | 2,338.5 | 80% |
| Lot Size | 5,400 | 5,199 | 52% |
| Price | $950.0K | $990.0K | 50% |
| Price per sq ft | $259 | $462 | 11% |
| Built year | 1920 | 1928 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 210 | 2% |
Apr 13, 2026
$950,000
Initial Listing
Dec 14, 1994
$140,000
Public Record