$1,475,000
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.
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with Marcus & Millichap (424) 405-3900
Property Type
Residential Income
Status
Active
MLS Number
25616545
Year Built
1923
Lot Size
4,809 sq ft