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    Coastal Commercial Property Redevelopment Opportunity Title is generated by Realmo AI

    1602 West 25th Street, Los Angeles, CA 90732

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    Claim this Listing
    For Sale
    $3,800,000

    Prime location with redevelopment potential in Rancho Palos Verdes/San Pedro.

    Type:Retail
    Property size:
    8,005 SF
    Lot size:
    0.92 Acres
    Price / SF:
    $474/SF
    Added:
    Jan 27, 2026
    Days on Market:
    161
    Last Refresh:
    Apr 5 at 11:27 pm

    Property Features for 1602 West 25th Street

    General Information

    Standard status
    Active
    Size
    8,005 SF
    Lot size
    0.92 Acres
    Property subtype
    Retail

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    Kyle Miller
    Kyle Miller

    Listing office Newmark | Las Vegas

    Listing date Jan 27, 2026

    Source Nmrk

    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 Newmark | Las Vegas

    HighLights

    • Core coastal location at the convergence of Rancho Palos Verdes and San Pedro.
    • Rare 0.92‑acre site offering value‑add or redevelopment possibilities.
    • Vacant building allows for immediate repositioning.
    • High visibility on the corner of Western Avenue and West 25th Street.
    • Excellent site for multiple future uses due to its size.
    • Prime owner‑user opportunity with high ceilings, natural light, and ample parking.

    Overview

    This commercial property, situated at the convergence of Rancho Palos Verdes and San Pedro, presents a redevelopment or re-tenanting opportunity. The property includes 8,005 square feet of improvements on over 0.92 acres of land. Previously occupied by a financial institution, the building is now vacant. The location at the corner of Western Avenue and West 25th Street, two primary arterials around the Palos Verdes Peninsula and San Pedro markets, offers high visibility. The building features high ceilings, abundant natural light, and ample parking. A newly remodeled Smart & Final anchored shopping center is nearby. Given the scarcity of large coastal sites in this submarket, the oversized parcel is suitable for multiple future uses.

    Local Financial Insights For Specialty Retail

    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 $295.9k $36.96
    − Vacancy −$6.8k −$0.85
    EGI $289.1k $36.11
    − OpEx −$72.3k −$9.03
    NOI $216.8k $27.08
    8,005 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $3.10M
    $2.71M – $3.61M (±1% cap)
    NOI $216,795 @ 7.0% cap · market cap 5.71%
    Second Best
    Retail
    $2.65M
    $2.32M – $3.10M (±1% cap)
    NOI $185,774 @ 7.0% cap · market cap 4.89%
    Theoretical Best
    Multifamily LT 5
    $162.18M
    $141.90M – $189.21M (±1% cap)
    NOI $11,352,355 @ 7.0% cap · market cap 298.75%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Real Estate Agency Law Firm Gym & Fitness Center Dental Office Accounting Firm Skin Care Clinic Nursing Home Nursing Home Veterinary Clinic Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.244
    Latitude
    34.0146

    FAQs

    What type of property is this?
    Bank - Prime location with redevelopment potential in Rancho Palos Verdes/San Pedro.
    Where is this bank located?
    The property is located at 1602 West 25th Street Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: Core coastal location at the convergence of Rancho Palos Verdes and San Pedro.; Rare 0.92‑acre site offering value‑add or redevelopment possibilities.; Vacant building allows for immediate repositioning.
    More about this property
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