This Retail Property is Off-Market.

1505-1509 S. PACIFIC AVE.
San Pedro, CA 90731 ·

13,096 SF · Retail For Sale

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Retail Property For Sale

Price N/A Cap Rate 5.41%
Building Size 13,096 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type Retail (Other) Year Built 1920
Property Use Type Investment Lot Size 23,724 SF
Commission Split 2.5% APN / Parcel ID 7454-032-025
Listing ID: 18110998 Date Created: 04/04/2013 Last Updated: 01/27/2014

Description

GREAT BUILDING IN EXCELLENT CONDITION. OWNER WILL CARRY WITH LARGE AMOUNT DOWN. PREVIOUSLY WAS A FORD DEALERSHIP WHICH WAS CONVERTED AND UPGRADED TO THE AUTO CENTER IN 2004. $500K WAS INVESTED IN PERMITTED, GROUND UP RESTORATION: RETROFIT, NEW ROOF, NEW PLUMBING, NEW ELECTRICAL PANEL 600A, 3 PHASE. BUILDING WAS RECENTLY PAINTED A GREY COLOR. ALL 8 UNITS AND BATHROOMS HAVE HANDICAPPED ACCESS. TOTAL NUMBER OF INDIVIDUAL UNITS IS 8. 6OF8 UNITS HAVE THEIR OWN ELECTRICAL METER. 1 DETACHED STORAGE (500 SQ FT) & 1 ATTACHED STORAGE (196 SQ FT).
THE LOT IS COMBINED OUT OF 3 PARCELS. GATED PARKING LOT IS 10,000 SQF, PARKING FOR 40 CARS, PARKING IS 50% CONCRETE AND 50% ASFALT. BUILDING IS 13,096 SQ FT, LOT SIZE IS 23,701 SQ FT.
TENANTS CONSIST OF: HARBOR KICKBOXING, PACIFIC AUTO REPAIR, WINDOW INSTALLATION, AUTO DETAILING AND GRAPHIC DESIGN.
PROPERTY HAS 8 SEPARATE UNITS:
-3 UNITS ON THE SIDE OF 15TH ST
-2 UNITS FACING PACIFIC
-3 UNITS ON 1509 ADDRESS
-1 DETACHED STORAGE UNIT OF 500 SQF
-1 COMMON STORAGE 196 SQF

CORNER OF 15TH STREET AND PACIFIC AVE, SAN PEDRO, CA.

Research

1505-1509 S. PACIFIC AVE., San Pedro, CA 90731 (Los Angeles County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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