629 W 8th W, San Pedro, California 90731, San Pedro, 90731 - 0 bed, 0 bath
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San Pedro, California 90731
Analysis of 629 W 8th W, San Pedro, California 90731 is currently available with a list price of $1,135,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Pedro Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
This 1905-built 5-unit property is a stabilized asset that appears to have undergone regular maintenance, including a roof that looks to be in decent condition. However, the lack of interior photos and the listing's mention of 'embedded upside' strongly suggest that the kitchens, bathrooms, and interior finishes are dated and require modernization to meet current market standards. While functional and occupied, the property's age and the visible exterior utility systems indicate it is maintained but shows significant signs of being outdated.
Elementary School: Taper Avenue Elementary School (9/10). High School: Palos Verdes Peninsula High School (10/10).
The property boasts a strong 6.56% in-place cap rate with a 7.82% pro forma, offering investors immediate cash flow and significant operational growth potential.
Located minutes from the newly developed San Pedro waterfront and major transit lines, the asset is perfectly positioned to benefit from long-term neighborhood revitalization and high rental demand.
Built in 1905, this century-old structure may require significant ongoing maintenance or costly capital expenditures to modernize systems and meet current building standards.
With only one unit available for showing and a strict 'do not disturb tenants' policy, buyers face challenges in conducting a comprehensive physical inspection of all units prior to an offer.
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.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.5 mi
Grades K-6 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,716 | 4,662.5 | 50% |
| Lot Size | 5,001 | 4,920.5 | 50% |
| Price | $1.14M | $1.27M | 50% |
| Price per sq ft | $305 | $277 | 50% |
| Built year | 1905 | 1947 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 66 | 50% |
Apr 18, 2026
$1,135,000
$1,130,000
+0% Price Increase
Initial Listing
Apr 16, 2026
$1,130,000
$1,125,000
+0% Price Increase
Initial Listing
Apr 14, 2026
$1,125,000
$1,120,000
+0% Price Increase
Initial Listing
Apr 9, 2026
$1,120,000
$1,125,000
+0% Price Increase
Initial Listing
Apr 2, 2026
$1,125,000
$1,140,000
-1% Price Drop
Initial Listing
Mar 26, 2026
$1,140,000
Initial Listing
Jun 18, 2021
$1,050,000
Public Record
Jul 14, 2017
$960,000
Public Record
Oct 7, 2016
$598,000
Public Record