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Listed by Mitch Graves • Century 21 Coastal Properties
$ 1,195,000
Est. payment /mo
Pending
San Pedro, CA 90731
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SB-26049598
Year Built 1927
Property Sub-Type Business
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Back on the market - this is your chance. Property is currently a three-unit retail building with 90ft of frontage on the historic Pacific Ave in San Pedro. Located in the heart of the San Pedro Property Business Initiative District (PBID) - see addendum, this is an excellent investment opportunity to rehabilitate and take advantage of the growing revitalization of the 6th & 7th St downtown areas, the Warner Grand Theatre, the new West Harbor waterfront development and the multiple new high end apartment units. Huge upside in rents, once rehabbed. The current configuration of three units includes an approx. 1650 sq. ft. Barber Shop; approx. 2300 sq. ft. Pawn Shop an approx. 4550 sq. ft. Secondhand store with an arcade entrance that could be split into two separate units. All units are month to month NNN leases.
Location
State CA
County Los Angeles
Area 185 - Plaza
Interior
Heating None
Laundry None
Exterior
Utilities Available Electricity Connected
Building
Lot Description 0-1 Unit/Acre