629 W 8th W, San Pedro, CA 90731
629 W 8th W, San Pedro, CA 90731
629 W 8th W, San Pedro, CA 90731
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$999,900
Est. payment /mo
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5,000 Sqft Lot
New

629 W 8th W San Pedro, CA 90731

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26132952

HOA Y/N No

Year Built 1905

Lot Size 5,000 Sqft

Property Sub-Type Mixed Use

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

Interior

Interior Features Unfurnished, All Bedrooms Up, All Bedrooms Down

Heating Wall Furnace

Cooling None

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Gas Range, Refrigerator

Laundry None

Exterior

Parking Features None

Garage Spaces 1.0

Garage Description 1.0

Fence Average Condition

Pool None

Community Features Urban

Utilities Available Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Rolled/Hot Mop

Total Parking Spaces 1

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7454005010

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Fannie Mae

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, Fannie Mae

Special Listing Condition Standard


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Listed by Gustavo Arias First Team Real Estate 323-819-0035, DRE #01889399

NEARBY SCHOOL & BUSINESS

Robert Cedeno
Robert Cedeno

CEO | License ID: 02031052

+1(626) 283-7800 | robertcedeno52@gmail.com

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629 W 8th W