625 West 8th Street

San Pedro, CA 90731

$1,985,000
Price
11
Beds
13
Baths
5,787 Sq. Ft.
$343 / Sq. Ft.
5,787
Sq. Ft.
$343
per Sq. Ft.

Description

Not subject to LA City Rent Stabilization Ordinance (RSO). Work almost finished on condo conversion - will furnish details to finalize this into six condominiums. Have tract map (tract no. 68227), CCR's, by-laws. Huge double garage for each unit. Townhouse design - only side common walls. No one above or below each unit. Great cap rate! One block walk to vibrant Gaffey commercial with Everything happening. Very nice homes for a great Metro community - close to freeways, schools, shopping. Major new...Not subject to LA City Rent Stabilization Ordinance (RSO). Work almost finished on condo conversion - will furnish details to finalize this into six condominiums. Have tract map (tract no. 68227), CCR's, by-laws. Huge double garage for each unit. Townhouse design - only side common walls. No one above or below each unit. Great cap rate! One block walk to vibrant Gaffey commercial with Everything happening. Very nice homes for a great Metro community - close to freeways, schools, shopping. Major new Waterfront projects in San Pedro a center for employment and tenant demand for apartments. Nice interior finishes, multiple baths in every unit, HVAC with forced air heat and A/C in each unit. Dishwasher, interior laundry hookups, stove, refrigerator, microwave in each unit. Legal description property address is 623.
  1. Listed by William Shelton • DRE #00627995 • Brokerage DRE #02211662 • Berkshire Hathaway HomeServices California Properties • 562-841-5038

Property Details for 625 West 8th Street

Parking Spaces Total
12
Private Pool
No
Cooling Type
Central Forced Air
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
5787
Assessor Parcel Number
7454-005-047
LISTING UPDATED: 01/28/2025 10:44 AM

Property Details for 625 West 8th Street

StatusPending
MLS #PW24206815
Days on Market112
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1988
CountyLos Angeles County

Building Information for 625 West 8th Street

Building/Complex625 W 8th StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1988Building Size-

Property Information for 625 West 8th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $160,476
  • Gross Scheduled Income: $160,476
  • Net Operating Income: $104,310
  • Gross Multiplier: 12.37
  • Cap Rate: 5.25
Expense Details
  • Operating Expense: $56,166
  • Operating Expense Percent: 35.00%
  • New Taxes Expense: $29,820
  • Fuel Expense: $0
  • Electric Expense: $850
  • Insurance Expense: $5,000
  • Maintenance Expense: $1,196
  • Professional Management Expense: $10,000
  • Trash Expense: $5,500
  • Water Sewer Expense: $3,800
  • Total Expenses: $56,166
Tax / Assessment Info
  • Tax Tract Number: 68227
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Biking, Fishing, Watersports, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 12
  • Parking Garage Spaces: 12
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $4,600
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,288
  • Unit Type Total Rent: $2,288
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,940
  • Unit Type Total Rent: $1,940
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,179
  • Unit Type Total Rent: $2,179
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,366
  • Unit Type Total Rent: $2,366
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1

Property History for 625 West 8th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 625 West 8th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Cabrillo Avenue Elementary School
PublicK to 5

Richard Henry Dana Middle School
Public6 to 8

San Pedro Senior High School
Public9 to 12

Port Of Los Angeles High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeServices California Properties, William Shelton, DRE #00627995

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.