Active

570 W 8th

San Pedro, CA 90731
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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 : ResidentialIncome

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

  • Interior Features

    Balcony, Multiple Staircases
    Laundry Features: Common Area

  • Building Information

    Year Built: 1984
    Building Area Total: 7192
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 5001 Lot Size Acres: 0.1148 Lot Size Source: Assessor Lot Size Square Feet: 5,001 Lot Description: 0-1 Unit/Acre

  • Listing Price Information

    Listing Price: $1670000
    Cash, 1031 Exchange

  • Tax Information

    Parcel Number: 7454003016 Tax Lot: 20 Tax Block: 1

  • Parking Information

    Parking Total: 12 Garage Faces Front, Garage Faces Rear

    Garage Information

    Has Garage: Yes Garage Space: 12

  • Location Information

    Direction: East of Gaffey St. and West of S Pacific Ave WaterSource: Public
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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
230 232 W 15th Street, San Pedro, CA, 90731 $1,089,999 -- -- --
1032 S Mesa Street, San Pedro, CA, 90731 $549,000 2 1 624 624 SqFt
802 Bejay Place, San Pedro, CA, 90731 $1,025,000 4 2 1,430 1,430 SqFt
383 W 14th Street, San Pedro, CA, 90731 $1,450,000 -- -- 5,180 5,180 SqFt
560 W 4th Street, San Pedro, CA, 90731 $1,100,000 6 -- 3,032 3,032 SqFt
701 Gaffey Place, San Pedro, CA, 90731 $700,000 2 1 969 969 SqFt
714 W Crestwood, San Pedro, CA, 90731 $639,000 2 1 742 742 SqFt
457 W 14th Street, San Pedro, CA, 90731 $799,000 3 2 1,315 1,315 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/23/2026 @ 16:11

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

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