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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
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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
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