383 W 14Th St San Pedro, CA 90731
Eight-unit multifamily property with high CAP rate and strong income.
Lot size:
0.11 AcresProperty Features for 383 W 14Th St
General Information
- Lot size
- 0.11 Acres
Building Details
- Year built
- 1923
Source: Marcus & Millichap
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Multifamily Investment Opportunity in San Pedro
This eight-unit multifamily property is located in San Pedro, CA. The property offers a 6.51% CAP rate and a 9.74 GRM. 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. Investors can expect estimated first-year cash-on-cash returns of approximately 8%.
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Pedro
- County
- Los Angeles
- State
- California
- Longitude
- -118.26511
- Latitude
- 34.037247
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FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property with high CAP rate and strong income.
Where is this apartment building located?
The property is located at 383 W 14Th St San Pedro, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: - High 6.51% CAP rate, the highest in San Pedro, providing strong in-place income and immediate cash flow.; - Seven out of eight units are fully renovated, increasing tenant appeal and reducing maintenance costs.; - Attractive financing available with up to 70% loan-to-value and estimated first-year cash-on-cash returns of approximately 8%.