629 W 8th W, San Pedro, CA 90731

Five doors, one location that's hard to beat — 629–633 W 8th Street offers exactly what savvy investors are chasing right now: steady income today, with real room to grow. Each unit is a private 1-bed/1-bath apartment on its own separate utility meter, keeping day-to-day operations straightforward. A garage on the property adds extra income, currently leased out as storage. The numbers speak for themselves: a 5.50% cap rate in place today, with upside to 7.42% pro-forma as below-market units turn over — supported by California's Costa-Hawkins vacancy decontrol. Location does the rest of the work. Minutes from Long Beach's fast-growing Space & Defense corridor, and walking distance to San Pedro's waterfront revitalization, the LA Cruise Hub, and the new West Harbor development. With the 2028 LA Olympics approaching, this is one of San Pedro's fastest-evolving corridors — and a rare shot at owning five units right in the middle of it, now at a new price. The fundamentals are still here. The timing has never been better.