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418-424 W 6th St 15 Unit Apartment Building $2,509,460 ($167,297/Unit) 5% Cap Rate San Pedro, CA 90731
Executive Summary
Located in the heart of San Pedro’s historic commercial corridor, this iconic early 20th-century building offers excellent street presence and strong income potential in one of Los Angeles Harbor’s most dynamic revitalization zones. Built circa 1912, the property features ground-floor retail space currently occupied by Guitar Safari and upper-level residential units, providing immediate cash flow with significant upside through tenant
improvements, repositioning, or redevelopment.
improvements, repositioning, or redevelopment.
Property Facts
| Price | $2,509,460 | Apartment Style | Low-Rise |
| Price Per Unit | $167,297 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5% | Building Size | 7,450 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 86% |
| Gross Rent Multiplier | 12.12 | No. Stories | 3 |
| No. Units | 15 | Year Built/Renovated | 1912/2025 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment | ||
| Zoning | LAC2 - C1.5 Uses; Retail w/ Limited Mfg, Service Stations/Garages, Retail Contr. Bus., Churches/Schools, Auto Sales, R4 Uses | ||
| Price | $2,509,460 |
| Price Per Unit | $167,297 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.12 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 7,450 SF |
| Average Occupancy | 86% |
| No. Stories | 3 |
| Year Built/Renovated | 1912/2025 |
| Opportunity Zone |
Yes |
| Zoning | LAC2 - C1.5 Uses; Retail w/ Limited Mfg, Service Stations/Garages, Retail Contr. Bus., Churches/Schools, Auto Sales, R4 Uses |
Amenities
Unit Amenities
- Balcony
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Tub/Shower
- Walk-In Closets
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| Studios | 12 | - | - |
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Moderately walkable
70/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 7455-004-016 | Improvements Assessment | $612,000 |
| Land Assessment | $1,428,000 | Total Assessment | $2,040,000 |
Property Taxes
Parcel Number
7455-004-016
Land Assessment
$1,428,000
Improvements Assessment
$612,000
Total Assessment
$2,040,000
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418-424 W 6th St