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Listed by Gustavo Arias, DRE #01889399 • First Team Real Estate
$ 999,900
Est. payment /mo
New
629 W 8th San Pedro, CA 90731
5,001 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26132952
Year Built 1905
Lot Size 5,001 Sqft
Source California Regional MLS
Property Description
5-unit multifamily in the heart of San Pedro's transformation - and the timing couldn't be better. This stabilized asset at 629-633 W 8th Street delivers immediate cash flow at a 5.50% in-place cap rate with a clear path to 7.42% as below-market units turn over - fully supported by California's Costa-Hawkins vacancy decontrol provisions. Each unit is 1 bed / 1 bath with one-car garages and separate utility meters - a landlord-friendly setup from day one. The total building is 3,716 SF. The location does the heavy lifting: less than 10 minutes from Long Beach's booming Space & Defense corridor - home to Rocket Lab, Relativity Space, Anduril, and VAST - and steps from the San Pedro waterfront redevelopment, the LA Cruise Hub, and the official FIFA World Cup 2026 Fan Zone at West Harbor. The 2028 LA Olympics add another layer to an already compelling long-term growth story. San Pedro isn't a speculative bet - it's a community mid-transformation with the institutional backing, infrastructure investment, and proximity to one of LA's fastest-growing employment corridors to support sustained appreciation and rental growth.
Location
State CA
County Los Angeles
Area 193 - San Pedro - North
Rooms
Kitchen Oven Range - Gas, Refrigerator, Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry None
Exterior
Parking Features No Parking
Garage Spaces 1.0
Pool 31, None
View None
Roof Type Rolled Composition
Building
Foundation Raised
Water District - Public
Others
Tax ID 7454005010
Special Listing Condition Not Applicable
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