Corner Mixed-Use
For Sale
$1,290,000
Pending
537 S Cabrillo, San Pedro, CA 90731
Four residential units and three commercial spaces support a diversified mixed-use configuration with on-site laundry and dedicated parking.
Property Size4,920 SF
Days on Market58
Property Features for 537 S Cabrillo
General Information
Standard status
Pending
Size
4,920 SF
Property subtype
Investment
Building Details
Building Size
4,920 SF
Year Built
1923
Stories
2
Units
7
Listing Agency:
Location Hunters RE Management
(310) 766-4814
Listed By:
Dina Ammari · License #01442382
Source:
Elliman
Added: Jul 4
Changed: Aug 30
Last Checked: Aug 30 at 6:25AM
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 Location Hunters RE Management
Investment Insights
Based on property information with market context.
This corner mixed-use property combines four residential units with three ground-floor commercial spaces. The residential component includes two one-bedroom, one-bath units and two studios. Property improvements include refreshed interiors, renovated kitchens and bathrooms, upgraded flooring, newer windows, and common-area enhancements. On-site laundry and dedicated parking add practical tenant amenities, while select units offer harbor and coastal views.
The property is located at 537 S Cabrillo in San Pedro, near Downtown San Pedro, the waterfront district, restaurants, retail destinations, and major transportation corridors. WalkScore is 82, BikeScore is 56, and TransitScore is 45. Originally built in 1923, the asset offers a combination of residential and commercial space within a walkable San Pedro setting.
The property is located at 537 S Cabrillo in San Pedro, near Downtown San Pedro, the waterfront district, restaurants, retail destinations, and major transportation corridors. WalkScore is 82, BikeScore is 56, and TransitScore is 45. Originally built in 1923, the asset offers a combination of residential and commercial space within a walkable San Pedro setting.
Key Highlights
- Four residential units: two one‑bedroom/one‑bath units and two studios
- Three ground‑floor commercial spaces
- Corner property at 537 S Cabrillo, San Pedro, CA 90731
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
$99,630
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
7.72%
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%
$1,992,600
$2.0M
Cap Rate 7%
$1,423,286
$1.4M
Cap Rate 9%
$1,107,000
$1.1M
Market Conditions
NOI Build-Up for 4,920 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
$177.1K $36.00/SF
− Vacancy
−$17.7K −$3.60/SF
EGI
$159.4K $32.40/SF
− OpEx
−$59.8K −$12.15/SF
NOI
$99.6K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,992,600
Cap Rate 7%
$1,423,286
Cap Rate 9%
$1,107,000
Alternative Uses
Best Use
Apartment 5plus
$86.98M
$76.11M – $101.48M
NOI $6,088,766 @ 7.0% cap · market cap 472.00%
Second Best
Mixed Use
$1.42M
$1.25M – $1.66M
NOI $99,630 @ 7.0% cap · market cap 7.72%
Theoretical Best
Multifamily LT 5
$99.68M
$87.22M – $116.29M
NOI $6,977,337 @ 7.0% cap · market cap 540.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,353
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four residential units and three commercial spaces support a diversified mixed-use configuration with on-site laundry and dedicated parking.
Where is this mixed-use property located?
The property is located at 537 S Cabrillo San Pedro, CA.
What is the asking price?
The asking price for this property is $1,290,000.
What are key features of this property?
This property features: Four residential units: two one‑bedroom/one‑bath units and two studios; Three ground‑floor commercial spaces; Corner property at 537 S Cabrillo, San Pedro, CA 90731
