USACASan Pedro570 W 8Th
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New
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$1,670,000

For Sale

A day ago

570 W 8Th St, San Pedro, CA

Condo

MLS® PW26089556

0 Bed

0 Bath

--

12 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage Yes
HOA Fees 
Taxes 
Days Active 1
Approx. Age 1984
MLS® Number PW26089556

Property Address: 570 W 8th, San Pedro, CA, 90731

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberPW26089556
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1984
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 25, 2026List Date
$1,670,000List Price

Home Appraisal

This property is estimated to sell between: $1,035,000 and $1,988,000.
Similar properties in this area sold on average for: $1,035,000
Expected to sell in 88 days. Similar properties sold in 89 days. This home has been on eXp Realty for 1 day.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

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570 W 8Th St, San Pedro, CA

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