San Pedro CA Real Estate & Commercial for Sale

This property is in a great location, where the famous Dalquest preschool resided, and is walking distance to Providence Little Company of Mary Hospital, a pharmacy, post office, bus station, elementary school, restaurants, and dental & doctor offices.Potential uses are a preschool, medical office, surgery center, urgent care, dental clinic, veterinary clinic, senior living, rehabilitation clinic/rehab homes, physical therapy, gym or warehouse. Plans were approved for a surgery center but have expired. Access the property from both 7th street or the back alley, which has a wide gate for up to 3 cars/trucks to potentially park in.There are new kitchen cabinets, quartz counter tops and sinks, and the kitcehen also has handicap access. There are also new exterior doors and acoustic ceiling tiles. There is new vinyl flooring and wood base moldings. The building is painted both inside and outside, and there are plans to add a handicap ramp. This asset has a handicap restroom as well as 3 regular restrooms, there is also space to add a laundry room and/or a shower. The copper plumbing and plumbing fixtures are all new, toilets, faucets and sewer are upgraded and new. Each of the large rooms also has its own sink. The roof has been repaired, the electrical is upgraded, and there are new fans in the restrooms. Buyer has the option to separately purchase the 7,500 SF vacant land cross the alley for any use including, but not limited to additional parking space.

Introducing the HARBOR VILLAGE RETAIL & OFFICE CENTER in San Pedro, CA 90732, an outstanding investment opportunity located at 2302 S. Western Ave. in San Pedro, CA. With a total leasable area of 31,834 sq. ft., this one and two story, fully leased property offers a stable and consistent income stream for investors, while providing a terrific Value-Add investment. Rents are undervalued by ~ 23%. Increase base rents to market value, plus full CAM. *** Property taxes are currently assessed at 7.5M, which tenants pay approx. 90% in addition to base rent and modified CAM. (Financials included in Offering Memorandum were for 2022). Property, per Zimas, is zoned [Q]C2-1XL. Buyer to do own due diligence.Projected for 2024, which includes increased rents: Income $825,000, NOI $556,470, Cap 6.2%Home to 21 local, long standing, well known tenants occupying 42 units. (One retail vacancy just became available). Note there is a dry cleaner on the property, having been there about 60 years. This center enjoys high visibility and wide accessibility, thanks to its frontage and accessibility on both Western Avenue and 25th Street. Western Avenue is the dominant retail corridor and thoroughfare for both the eastern portion of Rancho Palos Verdes as well as the city of San Pedro. Situated near a signalized corner and visible to over 25,300 vehicles daily, it offers a prime positioning for retail success. Individually metered for Gas and Electric. Convenience is key, with major retailers nearby - Starbucks, Rock 'N Juice, Fantastic Sam's, Mobil gas station, Chase Bank, Ace Hardware, and Vons and Smart n Final supermarkets. The center boasts 88 on-site parking spaces, ensuring easy access for customers.With its Walk Score of 69 and proximity to the beach, various shops, restaurants, the Trump National Golf Club, and the upcoming LA Waterfront Promenade, this property is ideally situated for continued success. The Harbor Village Retail & Office Center offers investors the chance to capitalize on the growth potential of the dynamic San Pedro market. Don't miss out on this exceptional opportunity.Price: $9,000,000 | Occupancy: 100%