629 W 8th W, San Pedro, CA 90731
List Price: $999K
Listing Status: Active
Original List Price: $1000K
0Days on Market: 46
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1905
Lot Size: 5,001 sq ft
Garage Spaces: 1
Private Pool: Yes
MLS Number: PW26132952
About This Property
Five doors, one exceptional location — 629–633 W 8th Street delivers what today's investors are searching for: immediate stability with a clear path to more. Each unit is a private 1-bed/1-bath apartment with its own separate utility meter, making day-to-day management simple. An on-site garage adds bonus income, currently rented as storage. Here's the math: a 5.50% cap rate in place today, climbing to a 7.42% pro-forma as below-market units turn over — a path backed by California's Costa-Hawkins vacancy decontrol. But the numbers only tell half the story. This property sits minutes from Long Beach's booming 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 on the horizon, this corridor is one of San Pedro's fastest-changing pockets — and this is a rare chance to own five units right in the middle of it, now at a new price. The fundamentals haven't changed. The opportunity has never been better.
Listing provided by: Gustavo Arias DRE #01889399 562-270-0688 GustavoArias@firstteam.com, First Team Real Estate
Source: CRMLS, MLS #: PW26132952
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.