570 W 8th, San Pedro, CA — listing photo 1
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FOR SALE

570 W 8th

San Pedro, CA 90731
5,001 Lot Sq Ft
Built 1984
$1,450,000
Price ReducedWas $1,670,000 — $1,450,000 (-$220,000)

Property Overview

570 W. 8th Street, an 8-unit apartment community located in San Pedro, California. Built in 1984, the property offers a rare combination of below-market cost basis, two immediate vacancy opportunities, and a well-documented rent correction story that positions the next owner to capture over 70,000 in additional annual gross income as the rent roll normalizes to market. The Rent Correction Path: Immediate, Actionable, and Contractually Supported For occupied units, the path to market rents is two fold. First, the property is governed by California's AB 1482 Tenant Protection Act not the City of Los Angeles Rent Stabilization Ordinance, which applies only to buildings constructed on or before October 1, 1978. Under AB 1482, the current allowable annual increase is the lesser of 10% or 5% plus regional CPI, enabling meaningful and immediate progress toward market on existing tenancies. Second, and more significantly, vacancy decontrol is fully preserved under AB 1482 every unit that turns can be re-leased at full market rate with no ceiling.

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Home Details

Property type
Residential Income - Apartment
Year built
1984
Lot size
5,001 sq ft
Parking
12 spaces
Garage
12 spaces
Stories
3
Days on market
151
MLS status
Active

Features & Amenities

Interior

  • Balcony
  • Multiple Staircases

Parking

  • Garage Faces Front
  • Garage Faces Rear

Pool

  • None

Lot

  • Zero To One Unit Acre

Community, Schools & Utilities

Utilities

Water
Public
Sewer
PublicSewer

Location & Neighborhood

570 W 8th

San Pedro, CA 90731

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Frequently Asked Questions About 570 W 8th

Property type: Residential Income

The current asking price is $1,450,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 570 W 8th. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1984. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in San Pedro, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this San Pedro property.
The MLS currently reports the property as Active. It has been listed for 151 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

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Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Justin White
MLS ID: PWWHITJUS

Available property

$1,450,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.