Property details
Propery Type:
Apartments
Address:
383 W 14th St San Pedro, CA 90731
Offering Price:
$1,550,000
Units:
8
Cap Rate:
6.51%
Listed By
Jonathan Weir
Senior Vice president Investments
(424) 405-3900
Contact Us
Investment Highlights

The Weir Group is 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 to Jeremy G. Barth.

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Listed By
Jonathan Weir
Senior Vice president Investments
(424) 405-3900
Contact Us

383 W 14th St

San Pedro, CA
90731
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