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486 W 20th St 2,986 SF Vacant Retail Building San Pedro, CA 90731 $1,700,000 ($569.32/SF)
Investment Highlights
- High Traffic, Additional Home in Rear, Parking Lot on separate APN
Executive Summary
Exceptional opportunity to acquire two contiguous parcels in a highly visible San Pedro location. Offered together, 1930 S. Pacific Avenue and 486 W. 20th Avenue create a rare owner-user or investment opportunity with multiple income streams and valuable on-site parking. The parcel at 1930 S. Pacific Avenue consists of a 4,502 square foot lot currently utilized as a parking lot with approximately 14 parking spaces, including two reserved spaces for the adjacent single-family residence. This parcel also features an on-site storage building approximately 15’ x 20’, currently used by the restaurant. The parcel at 486 W. 20th Avenue is also a 4,502 square foot lot and includes a total of 2,986 square feet of improvements. Additionally, the property includes a fully renovated 2-bedroom, 1-bathroom single-family residence with approximately 656 square feet of living space. The residence has its own utility services, providing added flexibility for rental income, owner occupancy, or staff housing. The combination of a thriving, established business, adjacent parking lot, residential income, and prime San Pedro location makes this a compelling turnkey investment or owner-operator opportunity.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,986 SF
Building Class
C
Year Built
1961
Price
$1,700,000
Price Per SF
$569.32
Percent Leased
Vacant
Building Height
1 Story
Building FAR
0.66
Lot Size
0.10 AC
Zoning
LAC2 - Commerical - LAC2
Parking
14 Spaces (4.69 Spaces per 1,000 SF Leased)
Frontage
45’ on 20th St
Amenities
- Air Conditioning
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $212,241 | |
| Land Assessment | $955,086 | Total Assessment | $1,167,327 |
Property Taxes
Parcel Numbers
Land Assessment
$955,086
Improvements Assessment
$212,241
Total Assessment
$1,167,327
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486 W 20th St
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