Property Detail

629 8th

San Pedro CA 90731

$999,900

Status: Active

Property Details

Description

Massive $135,000 Price Reduction 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.

Map Location

Listing provided courtesy of Gustavo Arias of First Team Real Estate. Last updated 2026-05-04 08:15:04.000000. Listing information © 2026 CRMLS.

John Collins

John Collins

DRE# 01948188
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