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228 N Gaffey St 1,003 SF Retail Building San Pedro, CA 90731 $699,000 ($696.91/SF)
Executive Summary
Also for lease @ $2765.00 per month 5-year lease.
Seller financing with negotiable terms, including rates aligning to conventional loans and deposit.
Lot value. Purchased as is.
This property is 1 block from the entrance to 110 Freeway and 47 towards Long Beach over the Vincent Thomas Bridge. Walking distance to restaurants and shops. Just a few minutes from the old Port's O'Call (https://sanpedro.com/la-waterfront/ports-o-call-village/), soon to be the home of the long-awaited entertainment and dining complex, dubbed “West Harbor” (https://www.westharborla.com/), the $155 million project with the first phase introducing new restaurants, shops and bars, downtown San Pedro, Port of Los Angeles World Cruise Center (https://www.portoflosangeles.org/business/terminals/passenger/cruise) and much more.
GREAT investment!
Seller financing with negotiable terms, including rates aligning to conventional loans and deposit.
Lot value. Purchased as is.
This property is 1 block from the entrance to 110 Freeway and 47 towards Long Beach over the Vincent Thomas Bridge. Walking distance to restaurants and shops. Just a few minutes from the old Port's O'Call (https://sanpedro.com/la-waterfront/ports-o-call-village/), soon to be the home of the long-awaited entertainment and dining complex, dubbed “West Harbor” (https://www.westharborla.com/), the $155 million project with the first phase introducing new restaurants, shops and bars, downtown San Pedro, Port of Los Angeles World Cruise Center (https://www.portoflosangeles.org/business/terminals/passenger/cruise) and much more.
GREAT investment!
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,003 SF
Building Class
C
Year Built
1980
Price
$699,000
Price Per SF
$696.91
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
C2 - Former drive through fast food restaurant. Structure is in need of complete rehab. Being sold as lot value.
Parking
4 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
45’ on N Gaffey
Amenities
- Drive Thru
Walk Score®
Very Walkable (89)
Nearby Major Retailers
Property Taxes
| Parcel Number | 7448-031-028 | Improvements Assessment | $128,110 |
| Land Assessment | $448,405 | Total Assessment | $576,515 |
Property Taxes
Parcel Number
7448-031-028
Land Assessment
$448,405
Improvements Assessment
$128,110
Total Assessment
$576,515
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228 N Gaffey St
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