NEW! Buy and sell safely with virtual options - Learn More
About the Listing PB16702 - PARIAGUS
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.
Listing Highlights
Status
Active
Days on Site
17
Property Type
Multi-Family
MLS ®
PW26132952
Year Built
1905
Total Square Footage
3,716
Lot/Acreage
0.11
County
Los Angeles
Interior Details
- Bedrooms: 5
- Bathrooms: 5 Full
- Appliances: Gas Oven, Gas Range, Refrigerator
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor: Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Unfurnished,All Bedrooms Up,All Bedrooms Down
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 1
- Roof: Rolled/Hot Mop
- Others: Stucco,2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7454005010
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
629 W 8th W San Pedro, CA 90731
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
