Roman & Liana Shersher

Broker | Realtor ® | License ID: 01873092

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$ 320,000

$ 340,000 5.9%

Est. payment -/mo

Sold on 04/25/2025

2222 S Mesa ST #24 San Pedro, CA 90731

2 Beds

3 Baths

1,736 SqFt

UPDATED:

Key Details

Sold Price $320,000

Property Type Condo

Sub Type Condominium

Listing Status Sold

Purchase Type For Sale

Square Footage 1,736 sqft

Price per Sqft $184

MLS Listing ID SB25025731

Sold Date 04/25/25

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

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

Financing Cash to Loan

Special Listing Condition Standard

Listed by Mike Naylor • Compass • 310-686-9361
Bought with Shannyn Johnson • Jackson Properties & Associates

Roman & Liana Shersher

Broker | Realtor ® | License ID: 01873092

+1(818) 208-5881

GET MORE INFORMATION

2222 S Mesa ST #24 San Pedro, CA 90731

Key Details

Location

Interior

Exterior

Building

Schools

Others

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2222 S Mesa ST #24