| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 77th | Good |
| Demographics | 31st | Poor |
| Amenities | 78th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 222 S Cabrillo Ave, San Pedro, CA, 90731, US |
| Region / Metro | San Pedro |
| Year of Construction | 1980 |
| Units | 20 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
222 S Cabrillo Ave San Pedro Multifamily Investment
Strong renter demand and steady neighborhood occupancy support a durable income profile for this 20-unit 1980-vintage asset, according to WDSuite’s CRE market data. High-cost homeownership in coastal Los Angeles reinforces reliance on multifamily housing, favoring stable tenant retention.
San Pedro’s Urban Core setting provides daily convenience that renters value: restaurant, grocery, and pharmacy density rank competitively among 1,441 Los Angeles metro neighborhoods and place the area in the top quartile nationally for amenities. Parks are limited within the immediate neighborhood, which may modestly temper outdoor recreation appeal compared with other Los Angeles submarkets.
Neighborhood occupancy is 95.1% and has trended higher over the past five years, placing it above national norms and supporting income stability for professionally managed assets. The share of renter-occupied housing units is elevated at 77.3% (top percentile nationally), indicating a deep tenant base and consistent multifamily demand.
Within a 3-mile radius, recent data shows modest population growth alongside increasing household counts, and forecasts point to further household expansion by 2028—conditions that typically enlarge the renter pool and support leasing velocity. Median household incomes have advanced meaningfully, while contract rents continue to rise, suggesting ongoing pricing power for well-positioned properties.
The property’s 1980 construction is newer than the neighborhood’s average vintage (1967). Investors should anticipate selective modernization to enhance competitiveness versus older stock, with potential value-add catalysts in unit finishes and building systems. Elevated home values locally (top decile nationally) signal a high-cost ownership market that tends to sustain multifamily demand; however, a relatively high rent-to-income ratio in the neighborhood calls for attentive lease management to mitigate affordability-related turnover. School ratings trail national averages, which may be less critical for primarily workforce and lifestyle renters but is worth factoring into resident mix expectations.
Safety indicators compare favorably: the neighborhood’s crime ranking is competitive among 1,441 Los Angeles metro neighborhoods and sits in the upper tiers nationally, suggesting comparatively lower risk relative to many U.S. neighborhoods. Recent data also indicates sharp year-over-year declines in both property and violent offense rates, pointing to improving trends rather than a deteriorating environment.
As always, investors should assess property-level security, lighting, and access controls, and review current insurance quotes alongside submarket comps to validate underwriting assumptions.
Proximity to established employers supports a broad renter base and commute convenience for residents, with healthcare, manufacturing, and consumer products employers nearby. The following anchors are within practical driving distance and help underpin weekday occupancy and retention.
- Molina Healthcare — healthcare services (5.7 miles) — HQ
- Air Products & Chemicals — industrial gases (6.1 miles)
- Airgas — industrial gases (12.1 miles)
- Mattel — consumer products (13.5 miles) — HQ
- Southwest Airlines Counter — air transportation offices (15.4 miles)
222 S Cabrillo Ave offers scale for small-to-midsize multifamily investors in a renter-heavy Los Angeles coastal neighborhood. Based on CRE market data from WDSuite, neighborhood occupancy sits in the upper tiers nationally with a five-year uptrend, and ownership costs remain elevated relative to incomes—factors that generally sustain multifamily demand and support rent collections. The 1980 vintage is newer than the local average, creating a clear path for targeted value-add to capture rent premiums over older stock.
Within a 3-mile radius, population and household growth—along with rising median incomes—point to a larger tenant base ahead, while nearby employers provide diversified sources of renter demand. Key watchpoints include affordability pressure (given higher rent-to-income levels) and below-average school ratings, which should be reflected in leasing strategy and retention planning.
- Renter-heavy neighborhood with occupancy in the upper national tiers supports income stability
- 1980 vintage presents targeted value-add and modernization upside versus older local stock
- High-cost ownership market bolsters sustained reliance on multifamily housing
- Growing 3-mile household base and nearby employers underpin leasing and retention
- Risks: affordability pressure (higher rent-to-income) and below-average school ratings