Versatile Commercial Property on Pacific
For Sale
$1,600,000
Pending
1427 S Pacific, San Pedro, CA 90731
Adaptable commercial building in San Pedro with redevelopment potential.
Property Size4,800 SF
Lot Size0.17 Acres
Days on Market152
Property Features for 1427 S Pacific
General Information
Standard status
Pending
Size
4,800 SF
Lot size
0.17 Acres
Property subtype
Commercial
Building Details
Building Size
4,800 SF
Year Built
1946
Listing Agency:
Realty Executives All Cities
(562) 925-1111
Listed By:
Jorge Serna
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:51AM
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 Realty Executives All Cities
Investment Insights
Based on property information with market context.
This commercial property is located along Pacific Avenue in San Pedro. The building provides approximately 4,800 sq ft of interior space on a 7,500 sq ft lot. The property is suitable for professional, industrial, or creative uses. Features include multiple private offices, a reception area, conference space, and a large open warehouse. The property benefits from street visibility, ample on-site parking, and frontage along Pacific Avenue. Zoned C2-1XL-CPIO, the property is within the San Pedro Community Plan Implementation Overlay, offering flexibility for commercial or potential mixed-use development. The property is located minutes from the Port of Los Angeles, Downtown San Pedro, and the West Harbor Waterfront Project, offering functionality and future growth potential.
Key Highlights
- Prime commercial property featuring 4,800 sq ft of interior space on a 7,500 sq ft lot.
- Located along San Pedro’s dynamic Pacific Avenue corridor with excellent street visibility.
- Zoned C2‑1XL‑CPIO, offering flexibility for commercial or potential mixed‑use development.
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
$113,934
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
7.12%
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%
$2,278,680
$2.3M
Cap Rate 7%
$1,627,629
$1.6M
Cap Rate 9%
$1,265,933
$1.3M
Market Conditions
NOI Build-Up for 4,800 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
$186.6K $38.88/SF
− Vacancy
−$34.7K −$7.23/SF
EGI
$151.9K $31.65/SF
− OpEx
−$38.0K −$7.91/SF
NOI
$113.9K $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%
$2,278,680
Cap Rate 7%
$1,627,629
Cap Rate 9%
$1,265,933
Alternative Uses
Best Use
Office B
$1.63M
$1.42M – $1.90M
NOI $113,934 @ 7.0% cap · market cap 7.12%
Second Best
Mixed Use
$1.39M
$1.22M – $1.62M
NOI $97,200 @ 7.0% cap · market cap 6.08%
Theoretical Best
Multifamily LT 5
$97.25M
$85.09M – $113.45M
NOI $6,807,158 @ 7.0% cap · market cap 425.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,158
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Adaptable commercial building in San Pedro with redevelopment potential.
Where is this mixed-use property located?
The property is located at 1427 S Pacific 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: Prime commercial property featuring 4,800 sq ft of interior space on a 7,500 sq ft lot.; Located along San Pedro’s dynamic Pacific Avenue corridor with excellent street visibility.; Zoned C2‑1XL‑CPIO, offering flexibility for commercial or potential mixed‑use development.
