Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

8

Building size

8,276 sqft

Lot size

6,753 sqft

Year built

1979

Stories

3

Garage spaces

14

Heating

Radiant

Cooling

None

Pool

None

Status

Active

Days on market

85

MLS #

242603393

About this property

Not subject to LA rent control! Positioned in the heart of San Pedro, this well-located 8-unit multifamily investment opportunity offers an ideal blend of stable income potential and long-term upside in one of the South Bay’s fastest-evolving coastal communities. The property features a desirable unit mix of four (4) two-bedroom units and four (4) one-bedroom units, along with community laundry for added tenant convenience. Not subject to LA Rent Control, this asset presents investors with future rental growth potential. Just five blocks from the waterfront and only minutes from the highly anticipated West Harbor redevelopment, this property is situated in the center of major growth and transformation. The $150+ million waterfront project is expected to bring a vibrant mix of dining, shopping, entertainment, fresh markets, and public gathering spaces to the area, further enhancing San Pedro’s appeal and long-term investment outlook. Residents enjoy convenient access to many of San Pedro’s most sought-after attractions, including Cabrillo Beach, the marina, waterfront dining, scenic coastal trails, and local parks. Commuters benefit from easy access to the 110 Freeway, providing direct connectivity to Downtown Los Angeles, Long Beach, and surrounding employment hubs. With its prime location, strong unit mix, and proximity to San Pedro’s ongoing waterfront revitalization, this is a compelling opportunity for investors seeking both current cash flow and future appreciation potential.

Location

579 W 14th

San Pedro, Los Angeles, CA, 90731