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383 W 14th St
San Pedro, CA 90731
8% Cash on Cash YEAR 1 · Multifamily Property For Sale
·
8 Units
Investment Highlights
- 7.09% CAP RATE (Highest Cap Rate in San Pedro) | 9.09 GRM
- Updated Electrical, Plumbing, and Exterior Paint
- Two Units Vacant
- Well-Maintained Building
- 7 out of 8 Units Renovated
Executive Summary
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 7.09% CAP rate—the highest in San Pedro—and a 9.09 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 two units remain 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.
Property Facts
| Price Per Unit | $184,375 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.09% | Lot Size | 0.11 AC |
| Gross Rent Multiplier | 9.09 | Building Size | 5,180 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | R4, LA County | ||
| Price Per Unit | $184,375 |
| Sale Type | Investment |
| Cap Rate | 7.09% |
| Gross Rent Multiplier | 9.09 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,180 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R4, LA County |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,793 | 650 |
Property Taxes
| Parcel Number | 7456-021-034 | Improvements Assessment | $591,896 |
| Land Assessment | $449,840 | Total Assessment | $1,041,736 |
Property Taxes
Parcel Number
7456-021-034
Land Assessment
$449,840
Improvements Assessment
$591,896
Total Assessment
$1,041,736
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