1228 W 8th Street, San Pedro, California 90731, San Pedro, 90731 - bed, bath
ACTIVE$2,299,000
1228 W 8th Street, San Pedro, California 90731
0Bed
0Bath
5,511Sqft
6,660Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
New Construction: The property is a newly constructed 5-unit building, minimizing potential maintenance costs and offering modern amenities.
Top Cons:
Parking Spaces: The number of parking spaces (6-8) may be insufficient for a 5-unit property, potentially leading to tenant dissatisfaction.
Compared to the nearby listings
Price:$2.30M vs avg $862.5K (+$1,436,550)99%
Size:5,511 sqft vs avg 1,421 sqft99%
Price/sqft:$417 vs avg $65211%
More Insights
Built in 2024 (1 years old).
Condition: The property is newly built in 2024. The images show modern kitchens and bathrooms with new appliances and fixtures. The property also has paid-off solar panels, indicating a focus on modern energy efficiency.
Year Built
2024
Close
-
List price
$2.3M
Original List price
$2.5M
Price/Sqft
$417
HOA
-
Days on market
-
Sold On
-
MLS number
DW24229951
Home ConditionExcellent
Features
View-
About this home
Back on the market. NEW CONSTRUCTION 5-unit property located in the beautiful city of San Pedro. This property is made up of two separate 2-story buildings. The front two units are each 3 bedrooms, 2 bathrooms and the rear two units are 3 bedrooms, 2 bathrooms each and an ADU attached 2 bedrooms 1 bath. Property also has 6-8 parking spaces within the gated property. The location and modern look of the property makes it easy to rent. 5 all separate water, gas and electrical meters make it perfect for any investor looking to add to their property profile. PAID OFF SOLAR PANELS make it ideal to minimize the electricity bill. Little to no maintenance for years to come make it perfect for any investor.
Nearby schools
4/10
Seventh Street Elementary School
Public,•K-5•0.4mi
3/10
Cabrillo Avenue Elementary School
Public,•K-5•0.6mi
5/10
Bandini Street Elementary School
Public,•K-6•0.7mi
5/10
Leland Street Elementary School
Public,•K-6•0.9mi
5/10
Crestwood Street Elementary School
Public,•K-6•1.0mi
9/10
Park Western Place Elementary School
Public,•K-5•1.1mi
2/10
Barton Hill Elementary School
Public,•K-6•1.1mi
5/10
Fifteenth Street Elementary School
Public,•K-5•1.2mi
7/10
South Shores/Csudh Visual And Performing Arts
Public,•K-5•1.5mi
7/10
White Point Elementary School
Public,•K-6•1.5mi
9/10
Taper Avenue Elementary School
Public,•K-5•1.7mi
8/10
Mira Catalina Elementary School
Public,•K-5•1.7mi
4/10
Hawaiian Avenue Elementary School
Public,•K-5•3.1mi
6/10
Eshelman Avenue Elementary School
Public,•K-5•3.5mi
6/10
Harbor City Elementary School
Public,•K-5•3.9mi
4/10
Richard Henry Dana Middle School
Public,•6-8•0.7mi
8/10
Miraleste Intermediate School
Public,•6-8•1.6mi
7/10
Rudecinda Sepulveda Dodson Middle School
Public,•6-8•2.0mi
6/10
Alexander Fleming Middle School
Public,•6-8•3.9mi
4/10
Hudson K-8
Public,•K-8•6.5mi
6/10
San Pedro Senior High School
Public,•9-12•0.5mi
5/10
Nathaniel Narbonne Senior High School
Public,•9-12•4.6mi
5/10
Phineas Banning Senior High School
Public,•9-12•4.6mi
10/10
Palos Verdes Peninsula High School
Public,•9-12•5.0mi
3/10
Cabrillo High School
Public,•9-12•6.4mi
8/10
Palos Verdes High School
Public,•9-12•7.3mi
Price History
Date
Event
Price
06/05/25
Sold
$2,100,000
12/13/22
Sold
$760,000
02/09/22
Sold
$625,000
Condition Rating
Excellent
The property is newly built in 2024. The images show modern kitchens and bathrooms with new appliances and fixtures. The property also has paid-off solar panels, indicating a focus on modern energy efficiency.
Pros & Cons
Pros
New Construction: The property is a newly constructed 5-unit building, minimizing potential maintenance costs and offering modern amenities.
Income Potential: With multiple units (including an ADU) and separate utility meters, this property presents a strong income-generating opportunity for investors.
Solar Panels: The inclusion of paid-off solar panels significantly reduces electricity costs, enhancing the property's appeal to environmentally conscious tenants and reducing operating expenses.
Cons
Parking Spaces: The number of parking spaces (6-8) may be insufficient for a 5-unit property, potentially leading to tenant dissatisfaction.
Location: The specific location within San Pedro (1228 W 8th Street) should be carefully evaluated for its proximity to amenities, schools, and transportation, as this can impact rental demand and property value.