Home | Los Angeles County | San Pedro | 90731 | 629 W 8th
MLS: CRPW26132952 | Status: | Price: $999,900
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 5,001 | 1905 |
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.
| Field | Value |
|---|---|
| MLS # | CRPW26132952 |
| MLS Source | California Regional MLS |
| Days on Site | 5 |
| Feature | Details |
|---|---|
| Appliances | Oven - Gas, Oven Range - Gas |
| Flooring | Laminate |
| Laundry | None |
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Rolled/Hot Mop |
| Foundation | Raised |
| Feature | Details |
|---|---|
| Garage/Parking | No Parking, Garage: 1 Car(s) |
| HOA Fee | $0 |
Gustavo Arias
First Team Real Estate
License #: 01889399
Phone: –
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
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This listing information is up-to-date as of June 19, 2026. For the most current information, please contact Gustavo Arias.