About this home

570 W. 8th Street, an 8-unit apartment community 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. The Rent Correction Path: Immediate, Actionable, and Contractually Supported For occupied units, the path to market rents is two fold. First, the property is governed by California's AB 1482 Tenant Protection Act not the City of Los Angeles Rent Stabilization Ordinance, which applies only to buildings constructed on or before October 1, 1978. Under AB 1482, the current allowable annual increase is the lesser of 10% or 5% plus regional CPI, enabling meaningful and immediate progress toward market on existing tenancies. Second, and more significantly, vacancy decontrol is fully preserved under AB 1482 every unit that turns can be re-leased at full market rate with no ceiling.

Facts and features

Schools

• Cabrillo Avenue Elementary School

  elementary · K-5 · 0.3 mi

  9

• Richard Henry Dana Middle School

  middle · 6-8 · 0.6 mi

  4

• San Pedro Senior High School

  high · 9-12 · 0.7 mi

  7

• Wiser Generation, The

  elementary · 1-12 · 0.4 mi

• Port Of Los Angeles High School

  high · 9-12 · 0.4 mi

  7

• Fifteenth Street Elementary School

  elementary · K-5 · 0.5 mi

  4

Price history

• Sep 28, 2026 · Relisted$1,450,000
• Sep 23, 2026 · Listing Removed—
• Aug 19, 2026 · Price Changed$1,450,000
• Apr 25, 2026 · Listed$1,670,000

Tax history

• 2025$11,404 tax · $873,248 assessed
• 2024$11,198 tax · $856,127 assessed
• 2023$10,998 tax · $822,885 assessed
• 2022$10,556 tax · $806,751 assessed
• 2021$10,394 tax · $790,934 assessed
• 2020$18,500 tax · $1,450,595 assessed
• 2019$17,791 tax · $1,422,153 assessed
• 2018$17,679 tax · $1,394,269 assessed

Where it is