383 W 14th ST new Save Request In-Person Tour Request Virtual Tour
San Pedro,CA 90731
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,180 sqft
Price per Sqft $299
MLS Listing ID 25616545
Bedrooms 10
Year Built 1923
Lot Size 4,809 Sqft
Property Description
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 6.51% CAP rate the highest in San Pedro and a 9.74 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 one unit remains 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.
Location
State CA
County Los Angeles
Area 185 - Plaza
Zoning LAR2
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Uncovered
Building
Story 2
New Construction No
Others
Special Listing Condition Standard