Flex Space with Roll-Up
For Sale
Contact for pricing
2003 S Mesa, San Pedro, CA 90731
An open work area and separate room accommodate office, workshop, or storage functions.
Property Size3,630 SF
Price / SF$0.69
Days on Market21
Property Features for 2003 S Mesa
General Information
Standard status
Active
Size
3,630 SF
Property subtype
Industrial
Amenities
open floor plan
high ceilings
vinyl flooring
custom decorative epoxy floor
roll-up door
additional room
Building Details
Year Built
1947
Tenancy
Multi
Listing Agency:
Century 21 Masters
Listed By:
Jack Ma
(909) 610-5188
Source:
Jackmarealestate
Added: Oct 9
Changed: Oct 28
Last Checked: Oct 28 at 4:14PM
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 Century 21 Masters
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Investment Insights
Based on property information with market context.
This flex space occupies approximately 1,500 square feet within a two-unit commercial building. The interior includes an open area, high ceilings, an additional room, and an 8-foot roll-up door. The space can support office, workshop, creative workspace, or storage use. The building dates to 1947.
The property sits at the corner of 20th Street and Mesa Street in San Pedro. 22nd Street Park, Cabrillo Marina, and the San Pedro waterfront are within walking distance.
The property sits at the corner of 20th Street and Mesa Street in San Pedro. 22nd Street Park, Cabrillo Marina, and the San Pedro waterfront are within walking distance.
Key Highlights
- Approximately 1,500 square feet in a two‑unit commercial building
- 8‑foot roll‑up door
- Open interior plus an additional room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,873
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,460
$837.5K
Cap Rate 7%
$598,186
$598.2K
Cap Rate 9%
$465,256
$465.3K
Market Conditions
NOI Build-Up for 3,630 SF
Gross rent
$68.8K $18.96/SF
− Vacancy
−$4.4K −$1.21/SF
EGI
$64.4K $17.75/SF
− OpEx
−$22.5K −$6.21/SF
NOI
$41.9K $11.54/SF
Area
Los Angeles, CA
Vacancy
6.40%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,460
Cap Rate 7%
$598,186
Cap Rate 9%
$465,256
Alternative Uses
Best Use
Office B
$1.23M
$1.08M – $1.44M
NOI $86,163 @ 7.0% cap · market cap 3,446.52%
Second Best
Industrial
$644.2K
$563.7K – $751.6K
NOI $45,094 @ 7.0% cap · market cap 1,803.76%
Theoretical Best
Multifamily LT 5
$73.54M
$64.35M – $85.80M
NOI $5,147,913 @ 7.0% cap · market cap 205,916.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,678
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - An open work area and separate room accommodate office, workshop, or storage functions.
Where is this flex space located?
The property is located at 2003 S Mesa San Pedro, CA.
What are key features of this property?
This property features: Approximately 1,500 square feet in a two‑unit commercial building; 8‑foot roll‑up door; Open interior plus an additional room
