383 W 14th St - Apartments FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,550,000 USD
707-225-2402
383 W 14th St, San Pedro, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/9
null | 6.51% Cap Rate

383 W 14th St
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • 6.51% CAP RATE (Highest Cap Rate in San Pedro) | 9.74 GRM
  • Well-Maintained Building
  • Updated Electrical, Plumbing, and Exterior Paint
  • 7 out of 8 Units Renovated
  • One Unit Vacant

OVERVIEW

We are pleased to present 383 W 14th St, an eight-unit multifamily investment opportunity located in the heart of San Pedro, CA. Offering a 6.51% CAP rate—the highest in San Pedro—and a 9.74 GRM, this well-maintained property provides investors with strong in-place income and immediate cash flow. The building features updated electrical and plumbing systems, along with fresh exterior paint. Seven out of eight units have been fully renovated, while one unit remains vacant, allowing for immediate rent growth or an owner-user opportunity. Attractive financing is available with up to 70% loan-to-value, and investors can expect estimated first-year cash-on-cash returns of approximately 8%. With its combination of strong performance metrics, recent improvements, and prime coastal location, 383 W 14th St represents one of the most compelling multifamily offerings in the San Pedro market today. For more information, please reach out to Jeremy G. Barth.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$299 USD /SF

# OF UNITS

8

PRICE/UNIT

$193,750

CAP RATE

6.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8% Cash on Cash YEAR 1

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R4, LA County

APN/PARCEL ID

7456-021-034

ASK ABOUT THIS PROPERTY

Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

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Jonathan WeirWeir Group with Marcus and Millichap.More Info
707-225-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.