| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 78th | Good |
| Demographics | 37th | Fair |
| Amenities | 45th | Fair |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 545 W 14th St, San Pedro, CA, 90731, US |
| Region / Metro | San Pedro |
| Year of Construction | 1973 |
| Units | 20 |
| Transaction Date | 2022-11-03 |
| Transaction Price | $4,500,000 |
| Buyer | MCP 545 LLC |
| Seller | ROLLING HILLS INVESTMENT PROPERTY HOLDIN |
545 W 14th St, San Pedro Multifamily Investment
Renter demand appears durable amid a high-cost ownership market and a deep renter base in the surrounding neighborhood, according to WDSuite’s CRE market data. Expect relatively steady occupancy supported by regional employment access and urban amenities in San Pedro.
This Urban Core pocket of San Pedro shows solid renter fundamentals: neighborhood occupancy is reported at 95.4% with positive momentum over the past five years, per WDSuite. The renter-occupied share of housing units is high (73.5%), signaling a sizable tenant base and typically steadier leasing conditions for multifamily assets.
Amenity access skews toward food-and-beverage: restaurant density ranks among the top quartile nationally and cafes are also strong, while groceries are competitive. By contrast, parks and pharmacies are sparse within the neighborhood. For investors, that mix supports day-to-day convenience and foot traffic but may require positioning toward urban renters rather than families prioritizing park proximity.
Within a 3-mile radius, demographics point to a gradually expanding tenant pool: population and households have grown in recent years, and WDSuite’s outlook indicates further increases through 2028, which can support occupancy stability and leasing velocity. Median incomes have risen, and projected gains suggest more higher-earning households entering the area — a positive for rent collections and renewal prospects when paired with prudent lease management.
Elevated home values (93rd percentile nationally) and a high value-to-income ratio reinforce reliance on rental housing, which can underpin pricing power for well-positioned properties. At the same time, the rent-to-income ratio trends toward the lower end nationally, indicating comparatively manageable rent burdens that can aid retention. The property’s 1973 construction is newer than the neighborhood’s average vintage (1957), offering relative competitiveness against older stock while still warranting ongoing system upgrades and targeted value-add to meet current renter expectations.
Neighborhood quality metrics are mixed: the overall rating is C+ with housing and amenity measures above the national median, while school ratings average around 2 out of 5 — an important consideration for tenant profiling and marketing strategy. On balance, the area’s strong renter concentration, steady occupancy, and urban amenity stack present a practical backdrop for multifamily performance.
Safety indicators compare favorably in a national context. WDSuite places the neighborhood’s safety in the top quartile nationally (79th percentile), and it is competitive among Los Angeles-Long Beach-Glendale neighborhoods with a rank of 280 out of 1,441. Recent year-over-year declines in both violent and property offenses further point to improving conditions, though investors should continue monitoring trends at the neighborhood level rather than inferring block-specific outcomes.
Proximity to regional employers supports workforce connectivity and renter demand. Nearby anchors include Molina Healthcare, Air Products & Chemicals, Airgas, Mattel, and Microsoft offices — a mix of healthcare, manufacturing/industrial gases, consumer products, and technology that can help sustain leasing and renewal activity.
- Molina Healthcare — healthcare services (5.7 miles) — HQ
- Air Products & Chemicals — industrial gases (6.5 miles)
- Airgas — industrial gases (12.5 miles)
- Mattel — consumer products (14.3 miles) — HQ
- Microsoft Offices The Reserves — technology offices (18.6 miles)
545 W 14th St is a 20-unit, 1973-vintage asset positioned in a renter-heavy San Pedro neighborhood where occupancy is strong and amenity access favors urban lifestyles. Elevated ownership costs in the area help sustain multifamily demand, while a relatively low rent-to-income profile supports retention. The vintage skews newer than the neighborhood average, offering a competitive baseline with clear value-add pathways through system modernization and targeted interior upgrades.
Within a 3-mile radius, population and household growth — along with rising incomes — indicate a larger tenant base over the next several years, which can support steady occupancy and cash flow durability. According to CRE market data from WDSuite, neighborhood occupancy trends have improved over the last five years and safety metrics sit in the top quartile nationally, providing a constructive backdrop for long-term operations while still warranting prudent underwriting for schools and amenity gaps like limited park and pharmacy access.
- Strong neighborhood occupancy and deep renter concentration support leasing stability
- High-cost ownership market reinforces reliance on rental housing and pricing power
- 1973 vintage newer than local average, with value-add potential via modernization
- 3-mile demographics point to a growing, higher-earning tenant base aiding renewals
- Risks: lower school ratings and limited parks/pharmacies; plan marketing and capex accordingly