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Investment Highlights

  • Excellent investment property - Over 7.00% CAP rate in first year based on current rental income, new property taxes, and operating expenses.
  • Potential for future Multifamily R4 Density or Mixed-Use Development (Subject to CPIO limits)
  • Long Term Tenants with Short Term Modified Gross Leases of 5 years or less.
  • Large parking lot with 25 spaces 5:1 parking

Executive Summary

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.

Financial Summary (Actual - 2026)

Annual Annual Per SF
Gross Rental Income $158,760 $33.08
Other Income - -
Vacancy Loss $6,075 $1.27
Effective Gross Income $152,685 $31.81
Taxes $19,985 $4.16
Operating Expenses $22,621 $4.71
Total Expenses $42,606 $8.88
Net Operating Income $110,079 $22.93

Financial Summary (Actual - 2026)

Gross Rental Income
Annual $158,760
Annual Per SF $33.08
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual $6,075
Annual Per SF $1.27
Effective Gross Income
Annual $152,685
Annual Per SF $31.81
Taxes
Annual $19,985
Annual Per SF $4.16
Operating Expenses
Annual $22,621
Annual Per SF $4.71
Total Expenses
Annual $42,606
Annual Per SF $8.88
Net Operating Income
Annual $110,079
Annual Per SF $22.93

Property Facts Under Contract

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,800 SF
Building Class
C
Year Built
1923
Price
$1,565,000
Price Per SF
$326.04
Cap Rate
7.03%
NOI
$110,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Lot Size
0.34 AC
Zoning
C2, Los Angeles - Zoned for potential multifamily or mixed-use projects (subject to CPIO limits)
Parking
28 Spaces (5.83 Spaces per 1,000 SF Leased)
Frontage
127’ on S Pacific Ave

Amenities

  • Signage
Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Fairly bikeable
50/100

Nearby Major Retailers

Chase
Bank of America
Citi
Starbucks
CrossFit
Superior Grocers
Vons
Ono Hawaiian BBQ
U.S. Bank

Property Taxes

Property Taxes

Parcel Number
7456-007-046
Land Assessment
$1,455,406 (2025)
Improvements Assessment
$252,808 (2025)
Total Assessment
$1,708,214 (2025)
Annual Taxes
$19,985 ($4.16/SF)
Tax Year
2026
  • Listing ID: 34755756

  • Date on Market: 2/7/2025

  • Last Updated:

  • Address: 1100 S Pacific Ave, San Pedro, CA 90731

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