Two-Story Mixed-Use
132 North Pacific Avenue San Pedro, CA 90731
For Sale
$1,495,000
Two-story building with a ground-floor restaurant and corner mini-market plus four residential units upstairs.
Property Size6,000 SF
Price / SF$249.17
Days on Market165
Property Features for 132 North Pacific Avenue
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1922
Listing Agency:
Lux Bancorp
(714) 552-4222
Listed By:
Monica De La Riva · License #01782939
(714) 552-4222
Source:
Compass
Added: Feb 8
Changed: Jul 23
Last Checked: Jul 23 at 8:04AM
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 Lux Bancorp
Investment Insights
Based on property information with market context.
This two-story mixed-use property offers income-producing ground-floor retail/restaurant space and four residential units on the upper level. The ground floor includes a full-service restaurant, a corner mini-market, and a popular nutrition store. Upstairs are four 1-bed/1-bath residential units, with two currently occupied by long-term tenants and two fully remodeled units left vacant and move-in ready.
Located at 132 North Pacific Avenue in San Pedro, CA 90731, the property is described as minutes from the San Pedro Fish Market and near ongoing and planned waterfront development, including a 42-acre waterfront promenade and an open-air amphitheater. The building’s mixed layout and current occupancy provide an owner with flexibility to live in one unit, rent all units, or reposition the vacant units after purchase.
Located at 132 North Pacific Avenue in San Pedro, CA 90731, the property is described as minutes from the San Pedro Fish Market and near ongoing and planned waterfront development, including a 42-acre waterfront promenade and an open-air amphitheater. The building’s mixed layout and current occupancy provide an owner with flexibility to live in one unit, rent all units, or reposition the vacant units after purchase.
Key Highlights
- 1922 two‑story mixed‑use building with a ground‑floor restaurant, corner mini‑market, and upstairs residential units
- Ground floor includes full‑service restaurant "The Gem of San Pedro," corner mini‑market "Esquina de Oro," and a nutrition store
- Upstairs features four residential units total: two long‑term occupied units and two vacant, fully remodeled 1‑bed/1‑bath units
Financial Insights For Mixed Use
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 | $216.0k | $36.00 |
| − Vacancy | −$21.6k | −$3.60 |
| EGI | $194.4k | $32.40 |
| − OpEx | −$72.9k | −$12.15 |
| NOI | $121.5k | $20.25 |
6,000 SF · lease $36.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Specialty Retail
$2.32M
$2.03M – $2.71M
NOI $162,495 @ 7.0% cap · market cap 10.87%
Second Best
Retail
$1.99M
$1.74M – $2.32M
NOI $139,243 @ 7.0% cap · market cap 9.31%
Theoretical Best
Multifamily LT 5
$121.56M
$106.36M – $141.82M
NOI $8,508,948 @ 7.0% cap · market cap 569.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Mixed-use property - Two-story building with a ground-floor restaurant and corner mini-market plus four residential units upstairs.
Where is this mixed-use property located?
The property is located at 132 North Pacific Avenue San Pedro, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: 1922 two‑story mixed‑use building with a ground‑floor restaurant, corner mini‑market, and upstairs residential units; Ground floor includes full‑service restaurant "The Gem of San Pedro," corner mini‑market "Esquina de Oro," and a nutrition store; Upstairs features four residential units total: two long‑term occupied units and two vacant, fully remodeled 1‑bed/1‑bath units
