629 W 8th W, San Pedro, CA — listing photo 1
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FOR SALENew Listing

629 W 8th W

San Pedro, CA 90731
5,001 Lot Sq Ft
Built 1905
$999,900

Property Overview

5-unit multifamily in the heart of San Pedro's transformation — and the timing couldn't be better. This stabilized asset at 629–633 W 8th Street delivers immediate cash flow at a 5.50% in-place cap rate with a clear path to 7.42% as below-market units turn over — fully supported by California's Costa-Hawkins vacancy decontrol provisions. Each unit is 1 bed / 1 bath with one-car garages and separate utility meters — a landlord-friendly setup from day one. The total building is 3,716 SF. The location does the heavy lifting: less than 10 minutes from Long Beach's booming Space & Defense corridor — home to Rocket Lab, Relativity Space, Anduril, and VAST — and steps from the San Pedro waterfront redevelopment, the LA Cruise Hub, and the official FIFA World Cup 2026 Fan Zone at West Harbor. The 2028 LA Olympics add another layer to an already compelling long-term growth story. San Pedro isn't a speculative bet — it's a community mid-transformation with the institutional backing, infrastructure investment, and proximity to one of LA's fastest-growing employment corridors to support sustained appreciation and rental growth.

Home Details

Property type
Residential Income - Mixed Use
Year built
1905
Lot size
5,001 sq ft
Parking
1 spaces
Garage
1 spaces
Stories
2
Days on market
0
Cumulative days on market
76
MLS status
Active

Features & Amenities

Interior

  • Unfurnished
  • All Bedrooms Up
  • All Bedrooms Down

Appliances

  • Gas Oven
  • Gas Range
  • Refrigerator

Parking

  • None

Pool

  • None

Lot

  • Zero To One Unit Acre

Community, Schools & Utilities

Community

View
None

Utilities

Heating
WallFurnace
Cooling
None
Water
Public
Sewer
PublicSewer

Location & Neighborhood

629 W 8th W

San Pedro, CA 90731

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Frequently Asked Questions About 629 W 8th W

Property type: Residential Income

The current asking price is $999,900. 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 629 W 8th W. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1905. 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 0 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.

RB

Reza Barghlameno

eXp of California

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

Listing Agent

Name: Gustavo Arias
MLS ID: PARIAGUS

Available property

$999,900

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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.