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$1,400,000
Est. payment /mo
5,392 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26179938
HOA Y/N No
Year Built 1962
Annual Tax Amount $5,232
Tax Year 2025
Lot Size 5,392 Sqft
Lot Dimensions Assessor
Property Sub-Type Office
Property Description
Unique opportunity to acquire a multi-tenant medical and professional office building in one of San Pedro's most desirable locations near the established medical corridor and Providence Little Company of Mary Medical Center. Built in 1962, the approximately 5,243-square-foot building is situated on a 5,394-square-foot lot and is configured into four suites, offering an attractive opportunity for both investors and owner-users.
The property currently generates approximately $102,792 in annual gross rental income, with reported operating expenses of $50,756 and net operating income of approximately $52,036. Current monthly rents include Suite A at $1,505 (month-to-month), Suite C at $3,250 (lease expires 6/30/29), Suite D at $1,731 (lease expires 4/30/28) and Suite E at $2,080 (lease expires 1/31/29). Investors may benefit from an established income stream together with potential long-term upside through future rent optimization. An owner-user may also appreciate the flexible multi-suite configuration and current short-term leases allowing for future occupancy of one or more suites while retaining income from the remaining tenants. A nice feature is the gated parking garage located below the suites. It offers 13 secure parking spaces with direct access to the building lobby providing safe and secure access for employees. The property's proximity to the hospital, established medical offices and neighboring Weymouth Corners retail center make it a very desirable location that will always be in high demand if and when a suite becomes vacant. This is a compelling opportunity to acquire a manageable multi-tenant asset in a desirable San Pedro location with existing income, secure onsite parking, flexible occupancy potential and an attractive foundation for long-term value creation. Don't miss it!
The property currently generates approximately $102,792 in annual gross rental income, with reported operating expenses of $50,756 and net operating income of approximately $52,036. Current monthly rents include Suite A at $1,505 (month-to-month), Suite C at $3,250 (lease expires 6/30/29), Suite D at $1,731 (lease expires 4/30/28) and Suite E at $2,080 (lease expires 1/31/29). Investors may benefit from an established income stream together with potential long-term upside through future rent optimization. An owner-user may also appreciate the flexible multi-suite configuration and current short-term leases allowing for future occupancy of one or more suites while retaining income from the remaining tenants. A nice feature is the gated parking garage located below the suites. It offers 13 secure parking spaces with direct access to the building lobby providing safe and secure access for employees. The property's proximity to the hospital, established medical offices and neighboring Weymouth Corners retail center make it a very desirable location that will always be in high demand if and when a suite becomes vacant. This is a compelling opportunity to acquire a manageable multi-tenant asset in a desirable San Pedro location with existing income, secure onsite parking, flexible occupancy potential and an attractive foundation for long-term value creation. Don't miss it!
Location
State CA
County Los Angeles
Area 183 - Vista Del Oro
Zoning LAC2
Interior
Heating Central, Forced Air
Cooling Central Air
Fireplace No
Laundry None
Exterior
Community Features Park
Roof Type Elastomeric,Rolled/Hot Mop
Present Use Commercial
Total Parking Spaces 13
Building
Lot Description Near Park, Near Public Transit
Story 2
Water Public
Others
Tax ID 7459001019
Acceptable Financing Cash, Cash to Existing Loan, Submit
Listing Terms Cash, Cash to Existing Loan, Submit
Special Listing Condition Trust
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Listed by Gary Krill Compass 310-994-3922, DRE #01086159
Nearby Locations
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