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Listed by Gustavo Arias • First Team Real Estate
$999,900
Est. payment /mo
3,716 SqFt
Price Dropped by $134K
629 West 8th West San Pedro, CA 90731
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Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 3,716 sqft
Price per Sqft $269
MLS Listing ID PW-26061098
Year Built 1905
Lot Size 5,001 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property 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.
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.
Location
State CA
County Los Angeles
Area 193 - San Pedro - North
Interior
Laundry None
Exterior
Garage Spaces 1.0
Pool None
Community Features Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
NEARBY SCHOOL & BUSINESS
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