2222 S Mesa ST #24 Save Request In-Person Tour Request Virtual Tour
San Pedro,CA 90731
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,736 sqft
Price per Sqft $195
MLS Listing ID SB25025731
Bedrooms 2
Full Baths 3
Condo Fees $483
HOA Fees $483/mo
HOA Y/N Yes
Land Lease Amount 1896.0
Year Built 1990
Property Sub-Type Condominium
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. 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.
Location
State CA
County Los Angeles
Area 181 - Point Fermin
Zoning LARD1.5
Interior
Interior Features Primary Suite
Cooling Central Air
Fireplaces Type Living Room
Fireplace Yes
Laundry Inside
Exterior
Parking Features Assigned,Community Structure,Side By Side
Garage Spaces 2.0
Garage Description 2.0
Pool Association
Community Features Sidewalks,Water Sports
Amenities Available Controlled Access,Fitness Center,Maintenance Grounds,Insurance,Management,Pool,Spa/Hot Tub
View Y/N Yes
View Harbor,Neighborhood
Attached Garage No
Total Parking Spaces 2
Private Pool No
Building
Dwelling Type Multi Family
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Schools
School District Los Angeles Unified
Others
HOA Name San Pedro Marina Pointe HOA
Senior Community No
Tax ID 7465004049
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard