Multi-Tenant Office
For Sale
$1,400,000
1411 W 7th Street, San Pedro, CA 90732
Medical and professional office property with flexible multi-suite occupancy and secure below-building parking.
Property Size5,243 SF
Lot Size0.12 Acres
Price / SF$267.02
Days on Market9
Property Features for 1411 W 7th Street
General Information
Standard status
Active
Size
5,243 SF
Total Parking Spaces
13
Lot size
0.12 Acres
Property subtype
Office
Net Operating Income
$52,036
Additional Details
Gross Income
$102,792
Office Units
4
Taxes and HOA fees
Annual Taxes
$5,232
Building Details
Building Size
5,243 SF
Year Built
1962
Buildings
1
Tenancy
Multi
Listing Agency:
Compass
Listed By:
Gary Krill · License #01086159
Source:
2buy
Added: Aug 21
Changed: Aug 28
Last Checked: Aug 28 at 3:38AM
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 Compass
Investment Insights
Based on property information with market context.
Built in 1962, this approximately 5,243-square-foot office building occupies a 5,394-square-foot lot and is divided into four suites serving medical and professional office users. The multi-tenant layout supports continued occupancy across separate suites, while the existing configuration may also accommodate an owner-user seeking dedicated space alongside other occupants.
A gated parking garage beneath the suites provides 13 secure parking spaces and connects directly to the building lobby. The property is located at 1411 W 7th Street in San Pedro, near Providence Little Company of Mary Medical Center, the established medical corridor, and Weymouth Corners retail center. Its setting places the office building among medical practices and neighborhood retail services.
A gated parking garage beneath the suites provides 13 secure parking spaces and connects directly to the building lobby. The property is located at 1411 W 7th Street in San Pedro, near Providence Little Company of Mary Medical Center, the established medical corridor, and Weymouth Corners retail center. Its setting places the office building among medical practices and neighborhood retail services.
Key Highlights
- Approximately 5,243‑square‑foot office building on a 5,394‑square‑foot lot
- Four‑suite configuration for medical and professional office occupancy
- Built in 1962
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$124,449
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,488,980
$2.5M
Cap Rate 7%
$1,777,843
$1.8M
Cap Rate 9%
$1,382,767
$1.4M
Market Conditions
NOI Build-Up for 5,243 SF
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.
Gross rent
$203.8K $38.88/SF
− Vacancy
−$37.9K −$7.23/SF
EGI
$165.9K $31.65/SF
− OpEx
−$41.5K −$7.91/SF
NOI
$124.4K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,488,980
Cap Rate 7%
$1,777,843
Cap Rate 9%
$1,382,767
Alternative Uses
Best Use
Office B
$1.78M
$1.56M – $2.07M
NOI $124,449 @ 7.0% cap · market cap 8.89%
Second Best
Healthcare Medical
$1.39M
$1.22M – $1.62M
NOI $97,243 @ 7.0% cap · market cap 6.95%
Theoretical Best
Multifamily LT 5
$106.22M
$92.94M – $123.92M
NOI $7,435,402 @ 7.0% cap · market cap 531.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
11,002
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Medical and professional office property with flexible multi-suite occupancy and secure below-building parking.
Where is this office building located?
The property is located at 1411 W 7th Street San Pedro, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approximately 5,243‑square‑foot office building on a 5,394‑square‑foot lot; Four‑suite configuration for medical and professional office occupancy; Built in 1962
