San Pedro Multifamily Investment
629 W 8th W, San Pedro, CA 90731
Commercial/Residential - San Pedro, CA
Property size:
3,716 SFLot size:
5,001.00 AcresPrice / SF:
$269/SF- Added:
- Mar 26, 2026
- Days on Market:
- 47
- Last Refresh:
- May 11 at 1:06 pm
Property Features for 629 W 8th W
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 1
- Exterior features
- Community Features Included: Urban, 0-1 Unit/Acre
- Standard status
- Active
- APN
- 7454005010
- Size
- 3,716 SF
- Lot size
- 5,001.00 Acres
Building Details
- Year built
- 1905
- Floors in Building
- 2
- Number of units
- 5
- Architectural style
- Other
Listing agent Gustavo Arias License #01889399 (323) 819-0035
Listing office First Team Real Estate 3626 Long Beach Blvd., Newport Beach, CA (562) 270-0688
Listing date Mar 26, 2026
MLS# PW26061098
Listing URL
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HighLights
- Strong In‑Place Cap Rate (6.56%) and Pro Forma (7.82%) indicate a solid return on investment.
- Owner‑User Optional: One unit is available.
- Motivated Seller: Actively seeking a near‑term transaction.
- Prime Location: Minutes from the newly developed waterfront with restaurants, entertainment, historic sites, Metro transit, and major freeway access.
- Portfolio Opportunity: Can be purchased individually or combined with two other properties.
- Stabilized Asset: Offers both strong current yield and operational growth potential.
Overview
Located in San Pedro, CA, this multifamily property features five comfortable 1-bedroom, 1-bath units. One unit is currently available, offering flexibility for an owner-user arrangement. The property is situated minutes from the newly developed waterfront, providing convenient access to restaurants, entertainment, historic sites, Metro transit lines, and major freeways. This location benefits from consistent rental demand and long-term neighborhood growth. The property, with a size of 3716 square feet on a lot of approximately 0.11 acres, presents a stabilized asset with both a strong current yield and operational growth potential within an active Los Angeles rental market. The property offers a 6.56% in-place cap rate and a 7.82% pro forma. This property is part of a portfolio opportunity, including properties at 1945 W Vernon Los Angeles and 424 W 108 Los Angeles, offering immediate scale through individual, combined, or any combination of purchases. These assets provide diversified income streams across two strong rental submarkets, with multiple paths to increase NOI through rent growth and operational improvements.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Pedro
- County
- Los Angeles
- State
- California
- Longitude
- -118.258194
- Latitude
- 34.04617
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Multifamily property near waterfront with income and growth potential.
Where is this apartment building located?
The property is located at 629 W 8th W San Pedro, CA.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Strong In‑Place Cap Rate (6.56%) and Pro Forma (7.82%) indicate a solid return on investment.; Owner‑User Optional: One unit is available.; Motivated Seller: Actively seeking a near‑term transaction.
