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Listed by Stephen Lampe • Re/Max Commercial & Investment
$1,690,000
Est. payment /mo
4,800 SqFt
UPDATED:
02/08/2025 09:40 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $352
MLS Listing ID CRSB25028623
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1923
Lot Size 0.344 Acres
Property Sub-Type Retail
Property Description
This seven-tenant strip center in San Pedro is a prime investment opportunity, offering a strong 6.00%+ CAP rate in the first year. With all leases set to expire by mid-2027 or sooner, the property provides flexibility for future development. Zoned for potential multifamily or mixed-use projects (subject to CPIO limits), it offers long-term value beyond its current retail income. The property also features a spacious parking lot with 25 spaces (5:1 parking ratio), ensuring convenience for tenants and customers alike.
Location
State CA
County Los Angeles
Interior
Heating None
Cooling None
Fireplace No
Building
Water Public
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