Freestanding Warehouse
241 N Pacific Avenue San Pedro, CA 90731
241 N Pacific Avenue, San Pedro, CA, 90731
Contact for pricing
For Sale
Contact for pricing
Freestanding warehouse near the Port of Los Angeles and West Harbor waterfront development, supporting flexible industrial operations.
Property Size2,430 SF
Price / SF$473.25
Days on Market50
Property Features for 241 N Pacific Avenue
General Information
- Standard status
- Active
- Size
- 2,430 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1977
Listing agency
WESTMAC
(310) 966-4352
Listed by
Milan Sigal Ashley · License #CA 02114806
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 7:03AM
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 WESTMAC
Investment Insights
Based on property information with market context.
241 N Pacific Avenue is a freestanding commercial warehouse totaling 2,430 square feet, offering a functional industrial layout and operational flexibility. The property’s configuration supports warehouse and distribution use, as well as contractor and creative industrial operations that need dedicated, street-facing access.
Located in the heart of San Pedro, the site is described as moments from the Port of Los Angeles and the new West Harbor waterfront development. It also benefits from regional connectivity to major transportation corridors, including the I-110 Freeway and the Vincent Thomas Bridge, with proximity to port infrastructure. The property is presented as having strong street presence along Pacific Avenue and is near the LA Waterfront district, including the USS Iowa Museum and the Los Angeles Waterfront.
For tenants, this asset is positioned for practical industrial use where a freestanding warehouse can streamline day-to-day operations. For owner-users, the layout may accommodate warehousing and distribution workflows, while investors and operators may value the infill, port-adjacent setting described in the offering for diversified industrial tenant fit.
Located in the heart of San Pedro, the site is described as moments from the Port of Los Angeles and the new West Harbor waterfront development. It also benefits from regional connectivity to major transportation corridors, including the I-110 Freeway and the Vincent Thomas Bridge, with proximity to port infrastructure. The property is presented as having strong street presence along Pacific Avenue and is near the LA Waterfront district, including the USS Iowa Museum and the Los Angeles Waterfront.
For tenants, this asset is positioned for practical industrial use where a freestanding warehouse can streamline day-to-day operations. For owner-users, the layout may accommodate warehousing and distribution workflows, while investors and operators may value the infill, port-adjacent setting described in the offering for diversified industrial tenant fit.
Key Highlights
- Freestanding commercial warehouse on N Pacific Avenue in San Pedro (built 1977).
- Port‑adjacent setting near the Port of Los Angeles and the new West Harbor waterfront development.
- Functional industrial layout suited for owner‑users, warehouse/distribution, contractors, creative industrial users, or investors.
Local Financial Insights For Warehouse
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 | $46.1k | $18.96 |
| − Vacancy | −$2.9k | −$1.21 |
| EGI | $43.1k | $17.75 |
| − OpEx | −$6.5k | −$2.66 |
| NOI | $36.7k | $15.08 |
2,430 SF · lease $18.96/SF/yr · vacancy 6.40% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$523.7K
$458.2K – $610.9K
NOI $36,656 @ 7.0% cap · market cap 3.19%
Second Best
Industrial
$431.2K
$377.3K – $503.1K
NOI $30,187 @ 7.0% cap · market cap 2.62%
Theoretical Best
Multifamily LT 5
$49.23M
$43.08M – $57.44M
NOI $3,446,124 @ 7.0% cap · market cap 299.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
Similar Off Market Nearby
- Stasher - Luggage Storage Venice LA — 522 S Venice Blvd, Venice, CA 90291
- CitySpareSpace Luggage Storage — 522 Venice Blvd., Venice, CA 90291
- Bounce Luggage Storage — 522 Venice Blvd., Los Angeles, CA 90291
- BagsAway Luggage Storage — 1207 Ocean Front Walk, Venice, CA 90291
- LuggageHero — 522 Venice Blvd., Venice, CA 90291
FAQs
What type of property is this?
Warehouse - Freestanding warehouse near the Port of Los Angeles and West Harbor waterfront development, supporting flexible industrial operations.
Where is this warehouse located?
The property is located at 241 N Pacific Avenue San Pedro, CA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Freestanding commercial warehouse on N Pacific Avenue in San Pedro (built 1977).; Port‑adjacent setting near the Port of Los Angeles and the new West Harbor waterfront development.; Functional industrial layout suited for owner‑users, warehouse/distribution, contractors, creative industrial users, or investors.
