This seven-tenant strip center in San Pedro is a prime investment opportunity, offering a strong 6.50%+ 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.
MLS # | SB25028623 |
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Listing Type | For Sale |
Style | Retail |
Sub-Type | Resale |
Status | Active |
Year | 1923 |
Days On Site | 135 |
Listing Provided By | Re/Max Commercial & Investment | Stephen Lampe |
SQ Feet | 4,800 |
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Story(s) | 1 |
Building(s) | 1 |
Zoning | C2 |
Acreage | 0.34 |
Cooling | None |
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Heating | None |
Heating Yes / No | No |
Cooling Yes / No | No |
Construction Materials | Stucco |
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Lot Features | Corner Lot, Level |
Utilities | Cable Connected, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected, Water Connected |
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Property | 19985 |
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State | CA |
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County | Los Angeles |
City | San Pedro |
Zip Code | 90731 |
Area | 185 Plaza |
Listing VS Median (in 90731) | |
Price: $1,565,000 low | high Med: $804,500 SqFt: 4,800 low | high Med: 1,554 $ / SqFt: $326 low | high Med: $550 On site: 135 low | high Med: 141.500000 |
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