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629 W 8th W — San Pedro | Belmont Brokerage | Belmont Brokerage

Active

+22 more

$1,125,000

18 DOM

— bd— ba— sqft

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629 W 8th W San Pedro, CA 90731

5,001sqft lot

5-unit apartment building nestled in the heart of San Pedro. | 6.56% In-Place Cap | 7.82% Pro Forma | Owner-User Optional One unit is available for showing by appointment. Please do not disturb tenants. Seller is motivated and actively seeking a near-term transaction! Flexible on structure and willing to consider terms that can materially improve buyer economics, depending on the offer. Contact the listing agent for OM, rent roll, and additional financials. Located minutes from the newly developed waterfront encompassing restaurants, entertainment, and historic sites, Metro transit lines, and major freeway access, the property benefits from consistent rental demand and long-term neighborhood momentum. This is a stabilized asset with embedded upside — offering both strong current yield and operational growth potential in one of Los Angeles’ most active rental markets. Serious investors will recognize the combination of cash flow, flexibility, and location positioning.

MLS PW26061098

562-270-0688 (Office) GustavoArias@firstteam.com

Est. payment

$7,189/mo

Principal & interestTaxesInsurance

$5,689$1,172$328

Down %

Rate %

Years

Down payment: $225,000 · Total cost: $2,272,900

Mortgage vs rent

Compare estimated owner carrying cost (same loan math as above) to a gross rent estimate from a price-based multiplier (not a comp lease).

Est. carrying cost$7,189/mo

Principal & interest: $5,689
Est. property tax: $1,172
Est. insurance: $328
Down payment: $225,000

Est. gross rent$4,688/mo

Gross rent ≈ list price ÷ (20 × 12). Adjust the multiplier to match how you underwrite (typical investor GRM bands are often ~16–24 for SFR, market-dependent).

Rent − carrying cost (illustrative)$-2,501/mo

Down payment20%

6.5% APR, 30-year amortization — same P&I formula as the payment calculator above.

Gross rent multiple (annual)20×

Not financial advice. Mortgage uses standard amortizing P&I; taxes and insurance are rough California-style estimates (1.25% / yr tax, 0.35% / yr insurance). Rent is gross (no vacancy or management); actual market rent requires comps or a lease listing.

Price History

Event	Date	Price	Change
Listed	Mar 25, 2026	$1,140,000	—

Facts & Features

Transaction Data

▼Price Reduced from $1,140,000 (−$15,000)

Structure & Property

Year Built1905

Garage Spaces1

562-270-0688 (Office) GustavoArias@firstteam.com

Sale & Tax History

No Recent Sales History

We didn't find any closed transactions for this property in the last 5 years.

Location

629 W 8th W, San Pedro, CA 90731

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629 W 8th W San Pedro, CA 90731

About this home

Gustavo Arias

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Gustavo Arias

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.

629 W 8th W, San Pedro, CA 90731

About This Property

Property Photos

629 W 8th W San Pedro, CA 90731

About this home

Gustavo Arias

Est. monthly payment

Mortgage vs rent

Price History

Facts & Features

Transaction Data

Structure & Property

Gustavo Arias

Sale & Tax History

No Recent Sales History

Location

Location

Listing Agent

Presented by Belmont Brokerage Inc.