570 W 8th, San Pedro, CA 90731
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
570 W 8th,San Pedro, CA 90731
$1,670,000
- - Beds
- - Baths
- 7,192 sq. ft.
- Multi-family
- Active
Listed by: justin white
Office: justin white714-231-2537
MLS#:PW26089556
Source:CRMLS
Price summary
- Price:$1,670,000
- Price per sq. ft.:$232.2
About this home
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 per-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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Home facts
- Year built:1984
- Listing ID #:PW26089556
- Added:45 day(s) ago
- Updated:June 09, 2026 at 10:34 AM
Rooms and interior
- Living area:7,192 sq. ft.
Structure and exterior
- Year built:1984
- Building area:7,192 sq. ft.
- Lot area:0.11 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,670,000
- Price per sq. ft.:$232.2
Features and amenities
- Amenities:Balcony, Multiple Staircases
Parking
- Total parking spaces:12
- Parking description:Garage Faces Front, Garage Faces Rear
- Garage:Yes
- Garage spaces:12
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