Coastal Commercial Property Redevelopment
For Sale
$3,800,000
1602 West 25th Street Los, San Pedro, CA 90732
Prime location with redevelopment potential in Rancho Palos Verdes/San Pedro.
Property Size8,005 SF
Lot Size0.92 Acres
Price / SF$474.70
Days on Market187
Property Features for 1602 West 25th Street Los
General Information
Standard status
Active
Size
8,005 SF
Lot size
0.92 Acres
Property subtype
Retail
Listing Agency:
Newmark | Las Vegas
(310) 227-0826
Listed By:
Kyle Miller · License #CA RE Lic. #01716644
(310) 227-0826
Source:
Nmrk
Added: Jan 27
Changed: Jul 10
Last Checked: Aug 1 at 5:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark | Las Vegas
Investment Insights
Based on property information with market context.
This commercial property, situated at the convergence of Rancho Palos Verdes and San Pedro, presents a redevelopment or re-tenanting opportunity. The property includes 8,005 square feet of improvements on over 0.92 acres of land. Previously occupied by a financial institution, the building is now vacant. The location at the corner of Western Avenue and West 25th Street, two primary arterials around the Palos Verdes Peninsula and San Pedro markets, offers high visibility. The building features high ceilings, abundant natural light, and ample parking. A newly remodeled Smart & Final anchored shopping center is nearby. Given the scarcity of large coastal sites in this submarket, the oversized parcel is suitable for multiple future uses.
Key Highlights
- Core coastal location at the convergence of Rancho Palos Verdes and San Pedro.
- Rare 0.92‑acre site offering value‑add or redevelopment possibilities.
- Vacant building allows for immediate repositioning.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $295.9k | $36.96 |
| − Vacancy | −$6.8k | −$0.85 |
| EGI | $289.1k | $36.11 |
| − OpEx | −$72.3k | −$9.03 |
| NOI | $216.8k | $27.08 |
8,005 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.10M
$2.71M – $3.61M
NOI $216,795 @ 7.0% cap · market cap 5.71%
Second Best
Retail
$2.65M
$2.32M – $3.10M
NOI $185,774 @ 7.0% cap · market cap 4.89%
Theoretical Best
Multifamily LT 5
$162.18M
$141.90M – $189.21M
NOI $11,352,355 @ 7.0% cap · market cap 298.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,435
Businesses Nearby
Explore this area
Business Placement
Demographics for 90732, CA
21,397
Population
9,526
Households
2.2
Avg Household Size
47
Median Age
48%
College-Educated
92%
High-School Grad
3.6 sq mi
ZIP Area
5,944
Density / Sq Mi
$118,658
Median Household Income
$67,620
Median Earnings
$2,523
Median Rent
$785,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Prime location with redevelopment potential in Rancho Palos Verdes/San Pedro.
Where is this bank located?
The property is located at 1602 West 25th Street Los San Pedro, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Core coastal location at the convergence of Rancho Palos Verdes and San Pedro.; Rare 0.92‑acre site offering value‑add or redevelopment possibilities.; Vacant building allows for immediate repositioning.
