5,000 Sqft Lot
5,000 Sqft Lot
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
A rare find in one of San Pedro's most exciting stretches — 629–633 W 8th Street is a well-maintained 5-unit apartment building offering the stability today's investors are seeking. Each unit is a private 1-bed/1-bath apartment with a separate utility meter, making day-to-day management simple and tenant turnover smooth. The property also includes one garage, currently generating additional income as rented storage.
Current in-place cap rate: 5.50%. Pro-forma cap rate: 7.42% as below-market units turn over, fully supported by California's Costa-Hawkins vacancy decontrol provisions.
San Pedro is changing fast, and this property sits right in the middle of it. Just minutes from Long Beach's fast-growing Space & Defense corridor, and walking distance to the San Pedro waterfront revitalization, the LA Cruise Hub, and the new West Harbor development. With the 2028 LA Olympics also on the horizon, this pocket of San Pedro is positioned for years of continued growth and demand.
Whether you're looking to add a turnkey income property to your portfolio or start building equity in a neighborhood on the rise, this is a rare chance to own five units in a location this well-positioned. Bring your investment strategy — the fundamentals are already in place.
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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