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For sale
    • Listed by: First Team Real Estate • Gustavo Arias • Contact: 323-819-0035
    $999,900

    629 W 8th St, San Pedro, CA 90731

    5beds
    5baths
    3,716sqft
    : 
    $6,602/mo
    Get pre-qualified
    Mixed Use
    Built in 1905
    -- sqft lot
    $-- Zestimate®
    $269/sqft
    $-- HOA

    What's special

    One-car garages
    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.
    113 days
    |
    164
    |
    11
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Gustavo Arias DRE #01889399 323-819-0035,

    First Team Real Estate

    Source: CRMLS,MLS#: PW26132952MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 5
      Rooms
      • Room types: Bedroom
      Bedroom
      • Features: All Bedrooms Down
      Bedroom
      • Features: All Bedrooms Up
      Heating
      • Wall Furnace
      Cooling
      • None
      Appliances
      • Included: Gas Oven, Gas Range, Refrigerator
      • Laundry: None
      Features
      • Unfurnished, All Bedrooms Up, All Bedrooms Down
      • Flooring: Laminate
      • Windows: Wood Frames
      • Has fireplace: No
      • Fireplace features: None
      • Common walls with other units/homes: 1 Common Wall,No One Above
      Interior area
      • Total structure area: 3,716
      • Total interior livable area: 3,716 sqft

      Property

      Parking
      • Total spaces: 1
      • Parking features: None
      • Garage spaces: 1
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: Street
      • Pool features: None
      • Spa features: None
      • Fencing: Average Condition
      • Has view: Yes
      • View description: None
      Lot
      • Size: 5,001 Square Feet
      • Features: 0-1 Unit/Acre
      Details
      • Parcel number: 7454005010
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Mixed Use
      • Attached to another structure: Yes
      Materials
      • Stucco
      • Foundation: Raised
      • Roof: Rolled/Hot Mop
      Condition
      • New construction: No
      • Year built: 1905

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Natural Gas Connected, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Features: Urban
      Location
      • Region: San Pedro

      Financial & listing details

      • Price per square foot: $269/sqft
      • Tax assessed value: $1,217,604
      • Annual tax amount: $15,375
      • Date on market: 6/18/2026
      • Cumulative days on market: 113 days
      • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Fannie Mae
      • Exclusions: Tenants personal property
      • Tenant pays: Electricity, Gas, Trash Collection

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $4,470/mo

        Price history

        DateEventPrice
        6/18/2026Listed for sale$999,900-4.8%$269/sqft
        Source: CRMLS #PW26132952 Report a problem
        6/18/2021Sold$1,050,000+9.4%$283/sqft
        Source: Public Record Report a problem
        7/14/2017Sold$960,000+60.5%$258/sqft
        Source: Public Record Report a problem
        10/7/2016Sold$598,000$161/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$15,375 +1.3%$1,217,604 +2%
        2024$15,177 +8.7%$1,193,738 +9.2%
        2023$13,963 +4.7%$1,092,820 +2%
        2022$13,335 +5.1%$1,071,400 +6.1%
        2021$12,684 -1%$1,009,530 +1%
        2020$12,806 $999,184 +2%
        2019$12,806 +4.9%$979,600 +2%
        2018$12,211 $960,400 +60.6%
        2017$12,211 +56.1%$598,000 +770.3%
        2016$7,825 +438.3%$68,712 +1.5%
        2015$1,453 +0.6%$67,681 +2%
        2014$1,444 $66,356 +7.1%
        2008-- $61,934 +2%
        2007-- $60,720 +2%
        2005-- $59,531 +6%
        2003-- $56,174 +2%
        2002-- $55,073 +4%
        2000-- $52,936
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: San Pedro

        Getting around

        93 / 100
        Walker's Paradise
        81 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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