8-Unit Apartment
For Sale
Contact for pricing
Pending
570 West 8th Street, Los Angeles, CA 90731
Built in 1984, this 8-unit apartment community offers two immediate vacancy opportunities for the next owner.
Property Size7,192 SF
Days on Market184
Property Features for 570 West 8th Street
General Information
Standard status
Pending
Size
7,192 SF
Property subtype
Multifamily
Net Operating Income
$57,621
Site & Location
Neighborhood
Downtown
Additional Details
Multifamily Units
8
Building Details
Year Built
1984
Buildings
1
Units
12
Listing Agency:
Centennial Advisers
Listed By:
Tom Watkins · License #CA 01754440
(310) 488-1789
Source:
Crexi
Added: Apr 24
Changed: Oct 23
Last Checked: Oct 23 at 5:06AM
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 Centennial Advisers
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Investment Insights
Based on property information with market context.
570 W. 8th Street is an 8-unit apartment community originally developed by the current offering party. The property was built in 1984 and presents two immediate vacancy opportunities.
The community is located in San Pedro, California, at 570 W. 8th Street (Los Angeles, CA 90731). For owners planning to adjust existing rents as units turn, the offering discusses how AB 1482 limits allowable annual increases through July 2026 and notes that vacancy decontrol is preserved under AB 1482.
As presented, the property is positioned for a rent roll normalization opportunity as the two vacancies are re-leased and existing tenancies continue through the applicable AB 1482 framework.
The community is located in San Pedro, California, at 570 W. 8th Street (Los Angeles, CA 90731). For owners planning to adjust existing rents as units turn, the offering discusses how AB 1482 limits allowable annual increases through July 2026 and notes that vacancy decontrol is preserved under AB 1482.
As presented, the property is positioned for a rent roll normalization opportunity as the two vacancies are re-leased and existing tenancies continue through the applicable AB 1482 framework.
Key Highlights
- 8‑unit apartment community at 570 W. 8th Street in San Pedro, CA, built in 1984
- Two immediate vacancy opportunities for the next owner
- Offered at $1,670,000 ($208,750 per unit)
Property Analytics
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
24,350
Businesses Nearby
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Business Placement
Demographics for 90731, CA
61,270
Population
24,477
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
81%
High-School Grad
9.3 sq mi
ZIP Area
6,588
Density / Sq Mi
$71,936
Median Household Income
$41,324
Median Earnings
$1,645
Median Rent
$808,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Built in 1984, this 8-unit apartment community offers two immediate vacancy opportunities for the next owner.
Where is this apartment building located?
The property is located at 570 West 8th Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 8‑unit apartment community at 570 W. 8th Street in San Pedro, CA, built in 1984; Two immediate vacancy opportunities for the next owner; Offered at $1,670,000 ($208,750 per unit)
