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Flex Warehouse Office Building
For Sale
$1,600,000
Pending

1427 S Pacific Ave, San Pedro, CA 90066

Versatile warehouse and office layout with street-facing presence and ample on-site parking for a range of uses.

Property Size4,800 SF
Lot Size0.17 Acres
Days on Market283

Property Features for 1427 S Pacific Ave

General Information

Standard status Pending
Size 4,800 SF
Lot size 0.17 Acres
Zoning C2-1XL-CPIO
Listing Agency: Realty Executives All Cities
Listed By: Jorge Serna
Source: Exprealty
Added: Oct 22, 2025 Changed: Jul 10 Last Checked: Jul 30 at 2:45PM

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 Realty Executives All Cities

Investment Insights

Based on property information with market context.

This versatile flex warehouse office building includes approximately 4,800 square feet of interior space on a 7,500 square foot lot. The layout features multiple private offices, a reception area, conference space, and a large open warehouse area, supporting both back-of-house operations and client-facing work. Exterior improvements include ample on-site parking, and the warehouse portion benefits from excellent street visibility.

The property is located along San Pedro’s Pacific Avenue corridor with strong frontage and exposure for business operations. It is zoned C2-1XL-CPIO and falls within the San Pedro Community Plan Implementation Overlay, which may offer long-term flexibility; all uses and entitlements should be verified by the buyer. The location is described as minutes from the Port of Los Angeles, Downtown San Pedro, and the West Harbor Waterfront Project.

For tenants or owner-users, the combination of office build-out and an open warehouse supports professional services, industrial-adjacent operations, or creative work that needs both workspace and visibility. For buyers considering future repositioning, the stated zoning and overlay may allow for a broader path forward, subject to confirmation of permitted uses and required entitlements.

Key Highlights

  • Versatile commercial building with approx. 4,800 SF interior space on a 7,500 SF lot
  • Warehouse plus office layout including multiple private offices, reception area, and conference space
  • Large open warehouse with street‑facing presence along Pacific Avenue

Financial Insights For Office B

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 $186.6k $38.88
− Vacancy −$34.7k −$7.23
EGI $151.9k $31.65
− OpEx −$38.0k −$7.91
NOI $113.9k $23.74
4,800 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%

Alternative Uses

Best Use
Office B
$1.63M
$1.42M – $1.90M (±1% cap)
NOI $113,934 @ 7.0% cap · market cap 7.12%
Second Best
Warehouse
$1.03M
$905.1K – $1.21M (±1% cap)
NOI $72,406 @ 7.0% cap · market cap 4.53%
Theoretical Best
Multifamily LT 5
$97.25M
$85.09M – $113.45M (±1% cap)
NOI $6,807,158 @ 7.0% cap · market cap 425.45%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Dental Office Daycare Center Nursing Home Butcher (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,599
Businesses Nearby
Under-served
Demand for This Use

Demographics for 90066, CA

55,304
Population
26,591
Households
2.1
Avg Household Size
38
Median Age
61%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
11,522
Density / Sq Mi
$107,786
Median Household Income
$67,298
Median Earnings
$2,211
Median Rent
$1,636,600
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Versatile warehouse and office layout with street-facing presence and ample on-site parking for a range of uses.
Where is this flex space located?
The property is located at 1427 S Pacific Ave San Pedro, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Versatile commercial building with approx. 4,800 SF interior space on a 7,500 SF lot; Warehouse plus office layout including multiple private offices, reception area, and conference space; Large open warehouse with street‑facing presence along Pacific Avenue
More about this property
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