$1,500,000
$1,565,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
1100 S Pacific AVE San Pedro, CA 90731
0.34 Acres Lot
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB26037796
Sold Date 05/27/26
HOA Y/N No
Year Built 1923
Annual Tax Amount $19,985
Tax Year 2025
Lot Size 0.344 Acres
Lot Dimensions Assessor
Property Sub-Type Retail
Property Description
This seven-tenant strip center in San Pedro is a prime investment opportunity, offering a strong 7.00%+ CAP rate in the first year of ownership on current rents as of February 2026, after accounting for operating expenses including offsite management and a vacancy reserve of 4%. The actual CAP rate on current rents could higher than 7.00% for the first year. The majority of the tenants are long term tenants on short term Modified Gross leases of 5 years or less. The property provides flexibility for future development. Zoned C2 which allows R4 Zoning uses for potential multifamily or mixed-use projects (subject to CPIO limits). This investment 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
Interior
Heating None
Cooling None
Fireplace No
Laundry None
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Available, Phone Connected, Sewer Connected, Water Connected
Total Parking Spaces 25
Building
Lot Description Corner Lot, Level
Story 1
Water Public
Others
Tax ID 7456007046
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Stephen Lampe Re/Max Commercial & Investment


