1100 S Pacific Avenue, San Pedro, CA 90731
- $1,500,000
- Sold Price
- $1,500,000
- List Price
- $1,565,000
- Closing Date
- May 27, 2026
- Status
- CLOSED
- MLS#
- SB26037796
- Year Built
- 1923
- Lot Size
- 15,000
- Acres
- 0.34
- Lot Location
- Corner Lot, Level
- Days on Market
- 35
- Property Type
- Commercial
- Property Sub Type
- Retail
Property Description
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.
Additional Information
- Taxes
- $19,985
- Heat
- None
- Cooling Description
- None
- Exterior Construction
- Brick, Stucco
- Water
- Public
- Attached Structure
- Detached
- Gross Scheduled Income
- $158,760
- Operating Expense
- 42627
Listing courtesy of Listing Agent: Stephen Lampe (slampe@remaxcir.com) from Listing Office: Re/Max Commercial & Investment.
Listing sold by Stephen Lampe from Re/Max Commercial & Investment
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.