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6-Unit Turnkey Building in Vista Del Oro 1021 W 14th St 6 Unit Apartment Building $2,385,000 ($397,500/Unit) San Pedro, CA 90731
Investment Highlights
- • Fully Renovated Interior and Exterior
- • Completed Earthquake Retrofit and Walkway/Balcony Compliance Improvements
- • Approximately 40% Upside in Rental Income
- • Major System Upgrades Including Roof, Plumbing, and Electrical
- • Turnkey Pride-of-Ownership Asset with Strong Tenant Appeal
Executive Summary
1021 W 14th Street is a fully renovated 6-unit apartment building located in the highly desirable Vista Del Oro neighborhood of San Pedro, offering approximately 40% upside in rental income. The property consists of a 5,886 SF building on a 6,563 SF lot with an ideal unit mix of (1) 3BR/2BA, (2) 2BR/2BA, (2) 2BR/1BA, and (1) 1BR/1BA. The entire building has been updated inside and out, featuring major capital improvements including a new roof, upgraded plumbing and electrical systems, dual-pane windows, new flooring throughout, and fresh exterior paint, along with a completed earthquake retrofit and engineered walkway/balcony compliance upgrades. Unit improvements include new heaters, appliances, lighting, fans, and modern safety features, with select units offering updated kitchens with new cabinetry and granite countertops. Additional highlights include Ring security cameras throughout and upgraded exterior landscaping systems, making this a true pride-of-ownership, turnkey multifamily investment in one of San Pedro’s most sought-after residential districts.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$162,768
|
$27.65
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,883
|
$0.83
|
| Effective Gross Income |
$157,885
|
$26.82
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $162,768 |
| Annual Per SF | $27.65 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,883 |
| Annual Per SF | $0.83 |
| Effective Gross Income | |
|---|---|
| Annual | $157,885 |
| Annual Per SF | $26.82 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,385,000 | Building Class | C |
| Price Per Unit | $397,500 | Lot Size | 0.15 AC |
| Sale Type | Investment | Building Size | 5,886 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.02/1,000 SF |
| Zoning | LAR2 | ||
| Price | $2,385,000 |
| Price Per Unit | $397,500 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 5,886 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.02/1,000 SF |
| Zoning | LAR2 |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $2,599 | - |
| 3+2 | 1 | $3,077 | - |
| 2+1 | 2 | $2,782 | - |
| 1+1 | 1 | $2,345 | - |
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 7458-023-027 | Improvements Assessment | $666,247 |
| Land Assessment | $453,714 | Total Assessment | $1,119,961 |
Property Taxes
Parcel Number
7458-023-027
Land Assessment
$453,714
Improvements Assessment
$666,247
Total Assessment
$1,119,961
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6-Unit Turnkey Building in Vista Del Oro | 1021 W 14th St
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