What is the median price for Multifamily Properties in San Pedro?

The median price for Multifamily Properties in San Pedro, CA is $980,000 based on 128 recent closed sales.

Is the San Pedro market hot for multifamily properties?

The San Pedro multifamily properties market is currently cool with 5.3 months of supply and 5.3 closed sales per month.

How do I get an appraisal for a multifamily properties in San Pedro?

Call (909) 266-0644, text (909) 566-2866, or schedule online at ScheduleAppraisal.com. Certified residential appraisals start at $350.

Los Angeles County · 🏗️ Multifamily Properties

Updated today · based on latest MLS activity

Multifamily Properties Market Report — San Pedro, CA

Median price $980,000 with a cool market, 128 closed sales, and 5.3 months of supply.

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Certified Residential Appraiser Lic #041145 | CA AMC Lic #3006906

Market Summary

$980,000

Median Price

$516.9/sf

Median PSF

-7.5%

Price Change

Cool

Market Temperature

5.3 mo

Absorption Rate

📉 Buyer

Market Type

What's Your Multifamily Properties Worth in San Pedro?

Based on 128 recent closed sales, a typical multifamily properties in San Pedro falls in this range:

$735,000 – $1,225,000

Actual value depends on size, condition, location, and lot. Text your address for a precise estimate.

Text (909) 566-2866 for Your Value →

Supply & Demand

Activity

Active listings: 178

Pending: 46

Closed / month: 5.3

Market balance: Buyer Strong

Recommendation

Use recent multifamily properties sales to price for a cool market in San Pedro.

Review pending count and active supply before making price or offer timing decisions in this cool segment.

Inventory

178

Active

Pending

Closed 30d

Closed 90d

$980,000

Median Active Price

Avg Days Active

Monthly Trend Chart

$1,741,250

25-07

$905,000

25-08

$1,900,000

25-09

$1,194,500

25-10

$1,155,000

25-11

$925,000

25-12

$958,000

26-01

$625,000

26-02

$1,010,000

26-03

$930,000

26-04

$1,075,000

26-05

$1,000,000

26-09

📉 Falling trend · 5.3 sales/month average

Recent Sales

576 13th

Close Price: $1,200,000

Close Date: 2026-09-30

Beds / Baths: — / —

Sq Ft: 0

$/sf: —

1136 10th

Close Price: $1,300,000

Close Date: 2026-09-21

Beds / Baths: — / —

Sq Ft: 0

$/sf: —

624 26th

Close Price: $700,000

Close Date: 2026-09-18

Beds / Baths: — / —

Sq Ft: 0

$/sf: —

256 14th

Close Price: $800,000

Close Date: 2026-09-17

Beds / Baths: 4 / 3

Sq Ft: 1,554

$/sf: $515

327 Palos Verdes

Close Price: $629,000

Close Date: 2026-09-11

Beds / Baths: — / —

Sq Ft: 0

$/sf: —

What to Know About Multifamily Properties in San Pedro

Multifamily property in San Pedro is shaped by both local rental demand and investor expectations around income stability, unit mix, and repositioning upside. Across the Inland Empire, buyers tend to look beyond the headline price and focus on occupancy, rent comparability, maintenance burden, and whether the property offers believable operational improvement.

For Multifamily Investors in San Pedro

Multifamily investment in San Pedro demands attention to gross rent multiplier (GRM), cap rate, and unit-level income analysis. Comparable sales should match on unit count, condition class, and occupancy profile — a renovated 4-unit building with 100% occupancy is not comparable to a deferred-maintenance duplex at 75% occupancy.

1031 exchange timelines make fast, defensible appraisals critical. Thomas Appraisal delivers certified valuation reports accepted by lenders, CPAs, and escrow officers across California. Schedule before your identification period closes.

Multifamily Properties FAQ

What should investors watch first in San Pedro multifamily comps?

For multifamily assets in San Pedro, investors usually focus on unit mix, gross income potential, condition, parking, and deferred maintenance before they look at headline price. Sales are most comparable when the rent profile and operational upside are similar.

Is price per unit or price per square foot more useful for multifamily?

Both matter, but neither stands alone. In San Pedro, price per unit helps frame investor behavior while price per square foot can reveal efficiency and building quality. The best reading comes from using both alongside rents and occupancy context.

Do renovated units change multifamily value materially in San Pedro?

Yes. Renovated interiors, improved common areas, and cleaner operating history can lift value if local rents support the repositioning story. In Inland Empire submarkets like San Pedro, buyers usually pay for believable upside, not just cosmetic work.

Why are small duplex and fourplex sales inconsistent?

Smaller multifamily properties often trade with both investors and owner-occupants, which can widen the pricing range. In San Pedro, that means comp selection should respect who the likely buyer was and whether the sale reflected income logic or owner-user demand.

Your Appraiser: Lionel Newman Thomas

Certified Residential Appraiser Lic #041145 | CA AMC Lic #3006906

Certified Residential Real Estate Appraiser with 17 years of experience serving the Inland Empire and greater Southern California. Lionel provides accurate, defensible valuations backed by CRMLS data and deep local market knowledge.

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