Former Restaurant on Gaffey
For Sale
$699,000
Pending
228 N Gaffey Street, San Pedro, CA 90731
Former fast food restaurant needing renovation on main street.
Property Size1,000 SF
Days on Market702
Property Features for 228 N Gaffey Street
General Information
Standard status
Pending
Size
1,000 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
1980
Listing Agency:
Keller Williams Realty
(310) 375-3511
Listed By:
James Zappulla · License #00693638
(310) 487-8866
Source:
Exitrealty
Added: Nov 6, 2024
Changed: Sep 30
Last Checked: Sep 30 at 9:48AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This property, formerly a fast food restaurant, is located on main street Gaffey. The building requires renovation and is subject to inspection. The property was previously on the market.
Key Highlights
- Located on main street Gaffey.
- Former fast food business.
- Built in 1980.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,082
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,640
$541.6K
Cap Rate 7%
$386,886
$386.9K
Cap Rate 9%
$300,911
$300.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$37.0K $36.96/SF
− Vacancy
−$850 −$0.85/SF
EGI
$36.1K $36.11/SF
− OpEx
−$9.0K −$9.03/SF
NOI
$27.1K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,640
Cap Rate 7%
$386,886
Cap Rate 9%
$300,911
Alternative Uses
Best Use
Specialty Retail
$386.9K
$338.5K – $451.4K
NOI $27,082 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$20.26M
$17.73M – $23.64M
NOI $1,418,158 @ 7.0% cap · market cap 202.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,603
Businesses Nearby
236k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 63%
Shops & Services 23%
Groceries 6%
Apparel 4%
McDonald's
Dining
42,728 visits/mo
0.3 miles
Jack in the Box
Dining
23,994 visits/mo
0.5 miles
Chevron
Shops & Services
15,281 visits/mo
0.2 miles
Superior Grocers
Groceries
13,729 visits/mo
0.3 miles
Starbucks
Dining
12,906 visits/mo
0.4 miles
Demographics for 90731, CA
61,270
Population
24,477
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
81%
High-School Grad
9.3 sq mi
ZIP Area
6,588
Density / Sq Mi
$71,936
Median Household Income
$41,324
Median Earnings
$1,645
Median Rent
$808,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Former fast food restaurant needing renovation on main street.
Where is this drive through restaurant located?
The property is located at 228 N Gaffey Street San Pedro, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Located on **main street Gaffey.**; Former fast food business.; Built in 1980.
