Active

570 W 8th

San Pedro, CA 90731
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt7,192

Sqft

SqFt5,001

Sqft(Lot)

570 W. 8th Street is an 8-unit apartment located in San Pedro, California. Built in 1984, the property offers a rare combination of below-market cost basis, two immediate vacancy opportunities, and a well-documented rent correction story that positions the next owner to capture over $70,000 in additional annual gross income as the rent roll normalizes to market. An Exceptional Entry Price Relative to the Market At $1,670,000, this offering is priced at $208,750 per unit and $232 per square foot — both figures represent a meaningful discount to every relevant benchmark in the current San Pedro market. The three most recent sold comparables averaged $278,333 per unit and $348.72 per square foot. The subject property comes in 25% below the sold average on a per-unit basis and 33% below on a p er-square-foot basis. The subject is 15% below the active average per unit and 28% below on a per-square-foot basis. Notably, on a price-per-square-foot basis, 570 W. 8th Street is priced below every single active listing in the submarket, regardless of vintage, condition, or unit count. This discount is not a rejection of deferred maintenance or physical obsolescence. It is a direct function of below-market rents held by long-term tenants — and that is precisely the opportunity a value add buyer is acquiring here. The property is not subject to Los Angeles RSO.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,670,000

AD Id : 77728030

MLS Id : PW26089556

Lot Size : 5,001 Sqft

Living Area Size : 7,192

Year Built : 1984

Garage : 12

County : Los Angeles

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Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Interior Features: Balcony,Multiple Staircases

  • Building Information

    Year Built: 1984 Building Area Total: 7,192
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1148
  • Lot Size Source: Assessor Lot Size Square Feet: 5001

  • Listing Price Information

    Original List Price: 1,670,000 Listing Contract Date: 2026-04-24
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 7454003016

  • Garage and Parking

    Garage Description: Garage Faces Front,Garage Faces Rear

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 699 - Not Defined Directions: East of Gaffey St. and West of S Pacific Ave Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Apartment
  • Building and Construction

    Property Age: 42 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Public Records Entry Level: 1 Entry Location: 1 Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
238 W 10th, San Pedro, CA, 90731 $1,899,999 -- -- 5,304 5,304 SqFt
285 W 9th Street, San Pedro, CA, 90731 $699,000 2 1 1,400 1,400 SqFt
1032 S Mesa Street, San Pedro, CA, 90731 $549,000 2 1 624 624 SqFt
802 Bejay Place, San Pedro, CA, 90731 $1,049,000 3 2 1,430 1,430 SqFt
560 W 4th Street, San Pedro, CA, 90731 $1,100,000 6 -- 3,032 3,032 SqFt
457 W 14th Street, San Pedro, CA, 90731 $799,000 3 2 1,315 1,315 SqFt
517 S Grand, San Pedro, CA, 90731 $500,000 2 1 1,280 1,280 SqFt
626 W 7th, San Pedro, CA, 90731 $1,695,000 -- -- 5,616 5,616 SqFt
970 N Meyler Street, San Pedro, CA, 90731 $999,000 3 2 1,266 1,266 SqFt
629 W 8th, San Pedro, CA, 90731 $999,900 -- -- 3,716 3,716 SqFt

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ByOwner last updated this listing 06/07/2026 @ 05:33

MLS: PW26089556 LISTED BY: Justin White, Justin White 714-231-2537 SOURCE: CRMLS

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