629 W 8th W, San Pedro, CA 90731
- $998,900
- List Price
- $998,900
- Price Change
- ▼ $1,000 1785274316
- Status
- ACTIVE
- MLS#
- PW26132952
- Year Built
- 1905
- Lot Size
- 5,001
- Acres
- 0.11
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 53
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property Description
Five doors, one location that's hard to beat — 629–633 W 8th Street offers exactly what savvy investors are chasing right now: steady income today, with real room to grow. Each unit is a private 1-bed/1-bath apartment on its own separate utility meter, keeping day-to-day operations straightforward. A garage on the property adds extra income, currently leased out as storage. The numbers speak for themselves: a 5.50% cap rate in place today, with upside to 7.42% pro-forma as below-market units turn over — supported by California's Costa-Hawkins vacancy decontrol. Location does the rest of the work. Minutes from Long Beach's fast-growing Space & Defense corridor, and walking distance to San Pedro's waterfront revitalization, the LA Cruise Hub, and the new West Harbor development. With the 2028 LA Olympics approaching, this is one of San Pedro's fastest-evolving corridors — and a rare shot at owning five units right in the middle of it, now at a new price. The fundamentals are still here. The timing has never been better.
Additional Information
- Appliances
- Gas Oven, Gas Range, Refrigerator
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Stucco
- Roof
- Rolled/Hot Mop
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Unfurnished, All Bedrooms Up, All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $96,624
- Operating Expense
- 21475
Listing courtesy of Listing Agent: Gustavo Arias (GustavoArias@firstteam.com) from Listing Office: First Team Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.