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Listed by Stephen Lampe • Re/Max Commercial & Investment
$ 1,565,000
Est. payment /mo
Price Dropped by $125K
1100 South Pacific Avenue San Pedro, CA 90731
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB-25028623
Year Built 1923
Annual Tax Amount $19,985
Tax Year 2025
Property Sub-Type Retail
Property Description
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.
Location
State CA
County Los Angeles
Area 185 - Plaza
Zoning C2
Interior
Heating None
Cooling None
Laundry None
Exterior
Utilities Available Sewer Connected, Cable Connected, Electricity Connected, Natural Gas Available, Phone Connected
Building
Lot Description Level, Lot 10000-19999 Sqft, Corner Lot