2222 S Mesa Street #24, San Pedro, CA 90731 - MLS#SB25025731

$320,000

$340,000 5.9%

Est. payment - /mo

2 Beds

3 Baths

1,736 SqFt

UPDATED:

Key Details

Sold Price $320,000

Property Type All Other Attached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,736 sqft

Price per Sqft $184

MLS Listing ID SB25025731

Style All Other Attached

Bedrooms 2

Full Baths 3

HOA Fees $483/mo

Year Built 1990

Property Description

Experience 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. Heres 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 costbut you simply wont 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 h
Experience 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. Heres 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 costbut you simply wont 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. Dont miss your chance to own this incredible waterfront property. With unmatched space, location, and financial benefits, its truly a one-of-a-kind opportunity. Schedule your private showing today.

Location

State CA

County Los Angeles

Area San Pedro (90731)

Zoning LARD1.5

Interior

Cooling Central Forced Air

Fireplaces Type FP in Living Room

Laundry Inside

Exterior

Parking Features Assigned

Garage Spaces 2.0

Pool Association

View Harbor, Neighborhood

Building

Lot Description Sidewalks

Story 2

Sewer Public Sewer

Water Public

Others

Monthly Total Fees $483

Acceptable Financing Cash To New Loan

Listing Terms Cash To New Loan

Special Listing Condition Standard

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Listed by Mike Naylor • Compass
Bought with NON LISTED OFFICE

GET MORE INFORMATION

Arash Rokni

REALTOR® | CADRE# 02005305

+1(619) 762-0777 | arash@roknigroup.com

San Diego Communities