San Pedro Multifamily Investment
For Sale
$999,900
629 West 8th Street, San Pedro, CA 90731
Five-unit apartment building in San Pedro with income upside.
Property Size3,716 SF
Price / SF$269.08
Days on Market162
Property Features for 629 West 8th Street
General Information
Standard status
Active
Size
3,716 SF
Total Parking Spaces
1
Property subtype
Residential Income
Net Operating Income
$56,944
Building Details
Year Built
1905
Buildings
2
Units
5
Listing Agency:
First Team Real Estate
Listed By:
Gustavo Arias · License #01889399
(562) 270-0688
Source:
Compass
Added: Mar 31
Changed: Sep 8
Last Checked: Jul 16 at 7:37AM
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 First Team Real Estate
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
24,350
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
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 West 8th Street 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: 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.
