San Pedro Multifamily Investment
629 W 8th W, San Pedro, CA 90731
Five-unit apartment building in San Pedro with income upside.
Type:Investment
Lot size:
0.11 Acres- Added:
- Mar 31, 2026
- Days on Market:
- 50
- Last Refresh:
- Mar 27 at 4:23 am
Property Features for 629 W 8th W
General Information
- Standard status
- Active
- Lot size
- 0.11 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1905
Listing agent Gustavo Arias
Listing office
Listing date Mar 31, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Gustavo Arias
HighLights
- High In‑Place Cap Rate (6.56%) and Pro Forma (7.82%) indicating strong current and potential returns.
- Prime location in San Pedro, minutes from the newly developed waterfront with restaurants, entertainment, and historic sites.
- Stabilized asset with embedded upside, offering both cash flow and operational growth potential.
- Owner‑User Optional, providing flexibility for different investment strategies.
- Motivated seller willing to consider flexible deal structures to improve buyer economics.
- Proximity to Metro transit lines and major freeway access, ensuring convenient transportation.
Overview
This five-unit apartment building is located in San Pedro. The property is situated minutes from the newly developed waterfront, which includes restaurants, entertainment, and historic sites. It also offers convenient access to Metro transit lines and major freeways. The property benefits from consistent rental demand and long-term neighborhood momentum. The property is a stabilized asset with embedded upside, offering both current yield and operational growth potential in one of Los Angeles’ most active rental markets. The property has a 6.56% in-place capitalization rate and a 7.82% pro forma capitalization rate. One unit is available for showing by appointment. The seller is motivated and actively seeking a near-term transaction and is flexible on structure and willing to consider terms that can materially improve buyer economics, depending on the offer. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.
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 - Five-unit apartment building in San Pedro with income upside.
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 $1,140,000.
What are key features of this property?
This property features: High In‑Place Cap Rate (6.56%) and Pro Forma (7.82%) indicating strong current and potential returns.; Prime location in San Pedro, minutes from the newly developed waterfront with restaurants, entertainment, and historic sites.; Stabilized asset with embedded upside, offering both cash flow and operational growth potential.
