Fully Occupied Corner Retail
601 6th San Pedro, CA 90731
601 6th, San Pedro, CA, 90731
$1,524,000
For Sale
$1,524,000
Six retail units with NNN leases and individual utility meters, plus a gated parking lot with six stalls.
Property Size5,775 SF
Price / SF$263.90
Days on Market189
Property Features for 601 6th
General Information
- Standard status
- Active
- Size
- 5,775 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1950
Listing agency
(424) 293-8085
Listed by
Apex Properties
Source
Xome
Added: Jan 13 Updated: Jul 20 at 10:01PM Checked: Jul 21 at 3:06AM
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 Apex Properties
Investment Insights
Based on property information with market context.
This fully occupied retail center features six commercial units in a corner location, with each space individually metered for electricity and gas. The property is configured as small-format storefronts, currently operated by a production studio, a velvet hair salon, a smoke shop, a fit lab gym, a premiere chiropractic practice, and a Vuk Jiu-Jitsu studio. Leases are structured on a NNN basis.
On-site parking is provided through a gated parking lot with six stalls, supporting tenant access and convenience. Current financials provided include an actual cap rate of 6.25% and a current NOI of $95,256.
The offering is positioned within the San Pedro area, and the property is described as benefiting from a dense local population base, with additional retail and quick-service options reported within close proximity.
On-site parking is provided through a gated parking lot with six stalls, supporting tenant access and convenience. Current financials provided include an actual cap rate of 6.25% and a current NOI of $95,256.
The offering is positioned within the San Pedro area, and the property is described as benefiting from a dense local population base, with additional retail and quick-service options reported within close proximity.
Key Highlights
- Fully occupied 6‑unit retail center with NNN leases and current NOI of $95,256
- Existing actual cap rate of 6.25% (per remarks)
- 6 commercial units averaging 964 SF each, all separately rented
Local Financial Insights For 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 | $213.4k | $36.96 |
| − Vacancy | −$22.0k | −$3.81 |
| EGI | $191.5k | $33.15 |
| − OpEx | −$57.4k | −$9.95 |
| NOI | $134.0k | $23.21 |
5,775 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.91M
$1.68M – $2.23M
NOI $134,021 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$117.00M
$102.37M – $136.50M
NOI $8,189,862 @ 7.0% cap · market cap 537.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
What type of property is this?
Shopping center - Six retail units with NNN leases and individual utility meters, plus a gated parking lot with six stalls.
Where is this shopping center located?
The property is located at 601 6th San Pedro, CA.
What is the asking price?
The asking price for this property is $1,524,000.
What are key features of this property?
This property features: Fully occupied 6‑unit retail center with NNN leases and current NOI of $95,256; Existing actual cap rate of 6.25% (per remarks); 6 commercial units averaging 964 SF each, all separately rented
