383 W 14th St
San Pedro, CA 90731 Central San Pedro

$1,450,000 USD

Apartments For Sale • 5,180 SF

Property Details

Property Type Apartments
Total Building Size 5,180 SF
Lot Size 0.11 AC
Building Class C
Year Built 1923
Zoning R4, LA County

30 Transit Score

50 Walk Score

                
                    Highlights
                
                                Strong In-Place Financials: 9.3 GRM and 7% Cap Rate on Current Income with Significant Upside Potential
                            
                                Recent Capital Improvements Include Roof, Exterior Paint, Electrical Panels, Reinforced Foundation, Plumbing; 7 of 8 Units Have Been Renovated
                            
                                Excellent Unit Mix of All 1 Bed/1Bath Units. On-site Laundry (Owned machines) and 4 Uncovered Parking Spaces
                            
                                Opportunity to Add ADUs at the Rear of the Property (Buyer to Verify)
                            
                                Strategically Located in a High-Demand Rental Pocket of San Pedro Near the New Waterfront Redevelopment Project
                            
                                Qualifies for Excellent 75% LTV Loan - Review Loan Quote