Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1923
Sq.Footage
N/A
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
NO
-
Cooling
None
-
Heating YN
NO
-
Heating
None
Exterior
-
Garage
No
-
Construction Materials
Stucco
-
Pool
No
Area & Lot
-
Lot Features
Corner Lot, Level
-
Lot Size(acres)
0.3444
-
Property Type
Commercial Sale
-
Property Sub Type
Retail
Price
-
Sales Price
$1,565,000
-
Tax Amount
19985.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Water Source
Public
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Stephen Lampe , Re/Max Commercial & Investment
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