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570 W 8th , San Pedro, CA 90731
$1,670,000
Est. Payment: $8,370.76/mo
0 Bed
0 Bath
7192 Sqft
Status: active | Days on site: 61
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

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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Highlights

Listed by Justin White , 714.231.2537 Justin White , 714-231-2537. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.11

Year Built

1984

County

Los Angeles

Area

699 - Not Defined

Listing ID

PW26089556

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Other:Balcony,Multiple Staircases
Other:Public

Exterior Features

Lot:0-1 Unit/Acre,No Land Lease
Garage Capacity:12
Others:2+ Total Units
Sewer:Public Sewer
Parking Features:Garage Faces Front,Garage Faces Rear
Principal Interest
$8,371
Taxes
$1,065

Home Price

$1,670,000

Loan Details

30 yrs
6.416%

Down Payment

20%
$334,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,370.76

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,370.76 $1,064.63 $0.00 $9,435.39
Yearly $100,449.12 $12,775.50 $0.00 $113,224.62
Total $3,013,473.67 $383,265.00 $0.00 $3,396,738.67
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (San Pedro, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

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Data last updated: 2026-06-25T23:39:42.000Z

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